Bad credit car loan customers can take advantage of new car incentives on some affordable vehicles from Kia to keep their monthly payments and interest expenses down.
Auto Credit Express
At Auto Credit Express our business is to match up our credit challenged applicants that are looking for a bad credit auto loan 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 you choose the wrong car.
New cars are usually more reliable than used cars, but often the added expense 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, it can also contribute to the down payment requirements of many subprime lenders.
For the month of February, Kia Motors is offering customer cash on many models that are ideal vehicles for bad credit car loan financing.
For the month of February, Kia has elected to continue its program of aggressive incentives – particularly 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.
Customer cash incentives during the month of February, which are available to all buyers regardless of their credit score, for 2009 models are as follows:
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
Customer cash incentives for February for 2010 models are as follows:
2010 Kia Forte – $1,000
2010 Kia Optima – $1,000
2010 Kia Rio – $500
2010 Kia Sportage – $500
An example: the 2009 Kia Rio
A good example of the difference dealer cash makes is the 2009 Kia Rio, an ideal car for bad credit car loan buyers. There still are some 2009’s available and to 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. The 2009 LX model with the 4-cylinder engine and automatic transmission also includes AM/FM/CD/Sirius 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 is $14,770. With tax and fees (estimated), we’re looking at $15,800 or so. Now, subtract the $2,000 in customer cash for 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 an 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.
The Bottom Line
Rebates and customer cash are a great way to not only make a vehicle more affordable, but also contribute towards your down payment. In the case of the Rio, you can buy a vehicle with a retail delivered price of nearly $16,000 for under $14,000.
At Auto Credit Express, 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. Most of the models listed above, with the additional customer cash, will make a bad credit car loan more affordable, while keeping the interest costs down.
For more information on the bad credit auto loan process, please visit our web site at www.autocreditexpress.com.