Kia car finance

December 2011

It’s a phase everyone goes through at least once a year – whether it’s time to upgrade to a new Kia car. But the main question is whether you can afford to upgrade to a new Kia.

You can certainly turn up to any Kia car dealership on the Gold Coast and pay cash for a new Kia Rio or Kia Cerato, but the reality is that most customers can’t do that. That’s when car finance becomes the alternative and favoured option.

Apart from not making a financial dent in your pocket, car financing has some definite advantages over an unsecured personal loan:

• ♦ You can upgrade to a better Kia car than you first thought
• ♦ You know what your repayments are – allowing you to make payments easily
• ♦ Having the loan secured to your car is a low risk option – you won’t lose your house if you default on your car loan!

Applying for car finance is simple as long as you meet the following base criteria:

• ♦ You must be at least 18 years of age
• ♦ You’ll need to be a resident of Australia
• ♦ You’ll need a deposit – at least 10% of the price of the car
• ♦ You’ll need to be employed on a permanent basis with at least 6 months employment history

Different lenders and financial institutions will have additional sets of criteria which may need to be satisfied before a loan is approved.

So whether you’re looking at buying a new or used Kia car and don’t have the full cash for it, car financing may be a better option. Simply speak to a sales representative at a Kia dealership on the Gold Coast for your car financing options.