Find the Kia that Fits Into Your Budget in Just a Few Simple Steps

Buying a new car can be a daunting process. With all sorts of information about down payments, interest rates, principal amounts, and finance terms, it can be difficult to understand exactly what you need to do to find a price that fits your budget. The team at Lancaster Kia understands this difficulty, and we’d like to offer you a few simple tips to help make your new Kia purchase as painless and stress-free as possible.

Find the Kia You Want to Buy

The Kia model you’re searching for will have a big effect on how much you will pay per month. From a value model such as the Kia Rio to the premium Kia Stinger and Telluride, there are wide range of price points in the Kia range. Find your favorite Kia models from our inventory, and mark down the price to complete step one.

Plan Your Down Payment

While a down payment isn’t always necessary, it can often be a good idea for a number of reasons.

Bringing a down payment to the table can allow a more expensive model to fit into your monthly budget, reduce your monthly payment to a more affordable amount, and even improve your approval odds if your credit isn’t perfect.

Determine Your Ideal Term

Do you put a ton of miles on your car, or just a few? If you’re the type of driver that racks up the miles, consider a shorter term so that you aren’t making payments on a vehicle that is out of warranty. However if you’re simply looking for the lowest possible monthly payment, you can extend your term up to 6 years to help spread out the payments.

Put it all Together!

Now that you’ve sorted out which model you want, the amount of your down payment, and your ideal term, you’re ready to begin figuring out an estimated monthly payment. Take the price of the vehicle and multiply it by 1.06 to account for sales tax. Subtract your down payment from that figure, and you’ll have your principal loan amount.


If you know your interest rate, great! If not, most interest rates are typically between 3 and 10 percent. Multiply the principal by the interest rate (ex: Principal x 1.05 for a 5% interest rate) to find your full loan amount. Finally, divide that number by the number of months you plan on paying for your new Kia to determine your monthly payment.

Visit Us to Learn More

If you’d like assistance, visit our dealership today! Our dedicated finance team will be happy to help you determine exactly what you can afford for your new Kia model.