Purchasing Your Next Kia

When it’s time to purchase your next Kia, there are several factors to consider.  After all, purchasing a car is a major investment.  Most people don’t have enough cash on hand to purchase a car outright which means they will either need to secure a car loan or lease a car from the dealership.  Being smart and researching ahead of time will save you time and money over the long run.  Here is what you need to know:  

 

Credit Score is Important: 
Your credit score and history plays a big part on whether or not you can secure a car loan.  Think of credit score like your personal report card on how you repay financial transactions and it follows you around wherever you go.  Every consumer has a FICO Score that ranges between 300 – 850; the higher the number the better a person’s credit.    For many dealerships, a person will need a minimum credit score of 600 to secure a car loan.   If you have less than desirable credit, leasing a car may be a better option which will also allow you to improve your car over time.   

 

Know What You Can Afford: 
Before you visit the dealership, know how much you can realistically afford. Can you afford a Sorento, Optima, Sportage, Soul or Forte or should you purchase a used Kia from the dealership?

 

Questions to consider before buying a car include:  

·         Whether you plan to lease or buy your new vehicle? 

·         Whether you owe money on your current vehicle? 

·         Whether you plan to sell your current car or trade it in?    

·         How much money can you put as a down payment? 

These factors determine the amount you can afford to spend on a car.  When you stick to your budget you will have peace of mind that you can truly afford the car you purchased. Knowing your price tag will also make the research process much simpler.  

 

Research Before You Buy: 
You will save time and money by researching car options ahead of time.  Think about what factors are important to you – price, safety features, dependability, quality, and performance can all play a part in deciding what car you will ultimately purchase.   Visiting Lancaster Kia’s website will allow you to compare a wide range of makes and models available for purchase and their cost.   Sites like Kelley Blue Book, the National Highway Traffic Safety Administration can provide you with a cars value and reliability.   Consumer reviews provide important insight and overall satisfaction from owners and can help you make an informed decision on what car is right for you.   

 

If you still need help in the car buying process, your friends at Lancaster Kia are here to assist you.   

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