Consumers who are credit challenged still have nearly two weeks in which to take advantage of some great incentives on some of the most affordable vehicles from Kia Motors.
Auto Net Financial
At Auto Net Financial we work with credit challenged applicants that are looking for a bad credit auto loan and match them up with dealers in our nationwide network that can help them get this kind of a loan. But the process of reestablishing your auto credit can be an expensive one – especially if these consumers choose the wrong car.
We all know that new cars are more reliable than used cars, but often the added cost puts them out of reach for many bad credit car loan customers. Fortunately, new car incentives, usually in the form of “customer cash”, can not only lower the price of a new vehicle, they can also contribute to the down payment requirements of many subprime lenders while lowering the monthly payment and the interest expenses of a bad credit auto loan.
For the month of February, Kia is offering customer cash on many models that are ideal vehicles for bad credit car loan financing.
February Kia new car incentives
For the month of February, Kia Motors America continues its practice of aggressively incentivizing vehicles – in particular as a percentage of MSRP (window sticker prices) - on its entire lineup of vehicles from the base Rio to the top of the line Borrego.
These customer cash incentives during the month of February, which are available to all buyers regardless of their credit score, are available for the following 2009 models:
2009 Kia Amanti - $3,000
2009 Kia Borrego - $3,000
2009 Kia Optima - $3,000
2009 Kia Rio - $2,000
2009 Kia Rondo - $2,000
2009 Kia Sedona - $1,500
2009 Kia Sorento - $5,000
2009 Kia Spectra - $3,000
2009 Kia Sportage - $2,000
These customer cash incentives for February are available for the following 2010 models:
2010 Kia Forte - $1,000
2010 Kia Optima - $1,000
2010 Kia Rio - $500
2010 Kia Sportage - $500
Example: how incentives make the 2009 Kia Rio more affordable
A good example of the difference dealer cash makes in a new car deal is the 2009 Kia Rio, an ideal car for bad credit car loan buyers. There still are some 2009’s available and to help move them off dealer lots, Kia is putting $2,000 customer cash “on the hood” of the Rio.
Let’s price out a 2009 Kia Rio LX. This example comes equipped with a 4-cylinder engine and automatic transmission and also includes AM/FM/CD/Sirius satellite radio with a USB connection for your iPod, power steering, power outside rearview mirrors, tilt steering wheel, rear window defroster and all the air bags. The MSRP (sticker price) is $14,770. With tax and fees (estimated), we’re looking at about $15,800 as a delivered price. The next step is to subtract the $2,000 in customer cash, which results in an amount to finance of $13,800 – a very affordable vehicle even if you’ll be financing it with a bad credit auto loan.
In addition to the affordable price, all Kia models come with an excellent 5-year/60,000 mile basic warranty that includes 24-hour roadside assistance as well as a 10 year/100,000 mile limited powertrain warranty – one of the longest and most comprehensive in the industry.
As we see it
Rebates and customer cash are a great way to not only make a vehicle more affordable, they can also contribute towards your down payment. In the case of the Kia Rio, you can buy a vehicle with a retail delivered price of nearly $16,000 for under $14,000.
At Auto Net Financial, we feel it’s important that you make the right choices when it comes to a bad credit car loan buying decision. Those choices include finding the right dealer and the right car to help you reestablish your auto credit. Any of the affordable models listed above, with the additional customer cash, will make a bad credit car loan more affordable by lowering the selling price and keeping the interest costs down.
For more information on the bad credit auto loan process, please visit our web site at www.autonetfinancial.com.
