FAQs About Financing a Kia

Questions and Answers for Shoppers at Jeff Wyler Superior Kia

If you're like most people, you don't purchase or lease a car or SUV very often, and when you do, you usually don't pay cash.  In fact, just thinking about financing the purchase or lease of a new Kia or used car can be stressful.  At Jeff Wyler Superior Kia in Cincinnati, we understand that you need reliable information and friendly Kia financing professionals committed to guiding you through the process.  Let's consider some of the questions you may have.

Do I Need a Certain Credit Score to Get Approved for an Auto Loan?

Your credit score is a major factor in determining whether you'll be approved for a car loan.  Whether you borrow from the dealership or a bank, the lender will run a credit check on you as part of the process.  You'll need a credit score of at least 661 to get a loan at a favorable interest rate.  You can get approved with a lower credit score, as long as you are willing to pay a higher interest rate.

How Much Cash Do I Need for a Down Payment?

Your down payment can affect your loan in several ways, including the monthly payment amount, interest rate, and repayment terms.  The down payment can include cash, the trade-in value of the vehicle you drive now, or a combination of the two. When purchasing a new Kia car, you should try to cover at least 20% of the purchase price.  For a used car, a 10% down payment should suffice.

Should I Get Pre-approved for an Auto Loan or Lease Before Shopping?

Getting pre-approved helps you establish a budget by showing how much you can borrow and at what interest rate.  Be sure to consider any down payment and trade-in amounts that may affect the purchase price.

How Does Trading in My Used Vehicle Work at a Dealership?

Essentially, you are selling your current vehicle to the dealership to cover part of the purchase price of the new car.  This streamlines the process, but you may receive more money for it if you sell it to a private party. You'll have to decide whether the convenience is worth the difference in price.


When you're ready, just submit our convenient, secure, online application form and one of our friendly, professional experts in our Kia finance center will get in touch with you shortly.  You're also welcome to contact us by phone and set an appointment to meet with us in person and discuss guaranteed financing.  Either way, you need to come in today to test drive your next Kia vehicle!


Jeff Wyler Superior Kia

260 W. Mitchell Avenue
Directions Cincinnati, OH 45232

  • Sales: (513) 541-3300
  • Service: (513) 354-3252
  • Parts: (513) 541-4212


  • Monday 9:00AM - 8:00PM
  • Tuesday 9:00AM - 8:00PM
  • Wednesday 9:00AM - 8:00PM
  • Thursday 9:00AM - 8:00PM
  • Friday 9:00AM - 6:00PM
  • Saturday 9:00AM - 5:00PM
  • Sunday 12:00PM - 5:00PM