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    Kia Models 2020 And How To Finance Them

    Car loan

    Kia Motors is a well-known automobile manufacturer from South Korea and is rather new to the American automobile market.

    The brand is preferred by budget-conscious customers who look for useful features and functionalities. 

    Most of Kia’s cars cost less than when compared to the mainstream models. The cars are sporty and hi-tech at the same time.

    Hyundai has purchased Kia and has improved a lot of features, including refinement, reliability, and performance.

    The substantial warranty program that was introduced also helped to place Kia firmly in the US market.  

    Financing Your Next Kia

    You can apply for financing by yourself with different banks, lenders, or even credit unions. Additionally, you have the option of dealership finance.

    In either case, you need to pay more than the original vehicle cost.

    This is because you’ll be paying the interest and other loan costs on top of the car’s actual cost. The main factors to consider before financing a car are: 

    • Loan Amount  
    • Loan Term 
    • APR

    Different factors like credit history,  DTI-ratio, and credit rating, affect the rate of interest.

    A good rating (i.e, more than 750) can get you competitive rates, and a bad one (650 or lower) will get you higher rates.

    It’s best to apply for pre-approval with credit unions or banks as they generally offer better rates than private lenders.

    Selected Kia Models

    Kia offers a wide range of cars to choose from. Analyze your requirements and proceed with selecting the model that best fits your needs.

    Kia Forte

    The Kia Forte is a very compelling and small sedan with great value.

    The 2020 Forte is loaded with the latest driver safety features and comes with a number of attractive value-added offerings included.

    • Many features considering the low price tag
    • It has a very generous warranty coverage
    • Has a very strong fuel economy 
    • This car is equipped with a very easy technological interface

    The price of the car ranges from $17,890 and goes till $23,290, depending on the choice of model.

    Kia Optima

    Kia Optima can be considered the best choice for people who are looking for an affordable sedan.

    The new model offers a solid suite of technological features and sophisticated safety systems at a very low price compared to the competitors.

    • Multiple features per trim model
    • Equipped with a pedestrian detection system
    • Driver assistance and safety features
    • A forward collision mitigation system

    Based on your choice of features, the MSRP of an Optima ranges between $23,390 and $32,190.

    Kia Niro

    The new Kia Niro is a highly fuel-efficient vehicle and it manages to stand out from other competitors like Toyota Prius, Hyundai Ioniq, and the likes.

    Even though it’s styled like an SUV, features such as all-wheel drive aren’t available. The cargo space is pretty decent and gives around 50 mpg on most highway and city drives.

    • The Niro has remodified headlights and foglights
    • It features a traffic-adaptive, cruise control system
    • A new 10.25-inch touchscreen is available

    The price range lies between $24,590 and $44,590.

    Kia Sportage

    Kia Sportage isn’t very well known yet offers feature-rich capabilities at a lower cost compared to its competitors.

    These features include Android Auto functionality, standard Apple CarPlay, and other driving aids like lane departure and collision warning systems. 

    • It has updated styling on both the front and rear sides
    • It includes an 8-inch touchscreen that has the ability to incorporate Android Auto and Apple CarPlay
    • It includes adaptive cruise control technology

    Depending on the feature-set and trim model, this car can cost you between $23,590 to $33,590.

    Kia Sorento

    The Sorento’s size is between a midsize SUV and a compact crossover.

    The third-row seats make an exciting feature as it provides you with extra room.

    The bumpers are refreshed and the exterior lighting looks more sleek and improved. 

    • The size of the car is convenient to fit a big family
    • There are multiple features that add value to the money being spent
    • Stylish interiors

    The price of the car ranges from $26,690 and goes till $39,990.

    Loan Options

    After deciding on the model of the car, you can ask for quotes from different dealers to find out the best option for you.

    Make sure that you negotiate, with different options in hand, to get a good deal. When it comes to auto loans, you should try to get an estimate and a preapproval before proceeding further.

    There are numerous lending organizations like Lending Club, My Auto Loan, and more that will help you get your dream car in no time. 

    Bottom Line

    Kia has a wide array of cars to choose from according to your needs and requirements.

    Decide on a budget first, do your research, and read online reviews before deciding on the best car for you.

    Once you find the right model, get quotes from multiple lenders, and choose a financing plan that’s suited to your capacity.