Does Kia finance poor credit?
It's easy to find the car of your dreams at our Milwaukee Kia dealership. But after you choose the ideal vehicle, is it easy to secure an auto loan through Kia Motors Finance? If you're looking for bad credit car loans, Ewald Auto is here to help. Our Kia dealership near you has many years of experience serving all types of customers. Finding an auto loan for poor credit doesn't need to be a frustrating process. When you work with Ewald Auto, our friendly financing team will go above and beyond to meet your needs. Let's learn more about buying a Kia with bad credit!
What is the lowest credit score Kia will finance?
Wondering if you'll qualify for financing through Kia Motors Finance? If you have your heart set on a Kia SUV model, it's helpful to understand the average credit score for a Kia borrower. According to CarsDirect.com, most approved Kia financing applicants have a score of at least 620. That's a fair score, for context.
• Exceptional: 800-850
• Very Good: 740-799
• Good: 670-739
• Fair: 580-669
• Very Poor: 300-579
If your credit score isn't that high, don't worry! The financing team at our Milwaukee Kia dealership will be eager to work with you, regardless of your credit score. Our financial services staff has many clever solutions and options to help poor credit borrowers obtain financing. Ewald Auto wants to help you improve your credit health through timely payments on your next auto loan. Even if you can't qualify for financing through Kia Motors, you'll still have plenty of options at Ewald Auto.
How can I get approved for a car loan with bad credit?
Economic hardship can destroy anyone's credit faster than you might care to believe. If you're struggling with a low credit score, our Milwaukee Kia dealership understands. While you might not qualify for the most favorable Kia Motors Finance incentives, Ewald Auto can still help you get into a quality car. Follow these steps to secure a bad credit car loan with minimal stress!
- Check your credit score, first and foremost. You need to understand where your score is currently situated before making any financial decisions.
- Next, add up your monthly income, and compare it to your monthly expenses. Don't forget to calculate any debt owed and the monthly payments to service that debt! Lenders favor borrowers with high income-to-debt ratios.
- Consider placing a larger down payment. A big down payment demonstrates your serious intent to the lender, and can often result in lower rates for your loan.
- If you can find a co-signer with stable credit to co-sign on your auto loan for poor credit, you can also expect more favorable rates.
Will Kia finance me with bad credit?
Whether you're looking for a new or used Kia SUV model, Ewald Auto can help you secure financing. If your score prevents you from obtaining Kia Motors Finance, don't despair. Our Milwaukee Kia dealership offers financing for all customers. Stop by Ewald Auto today to speak with the financing staff at our Kia dealership near you!
