Will Hyundai/Kia dealerships finance just about anyone?

Supposedly a friend of a friend got financed by a KIA dealership without even having a job and has had 3 repo%26#039;s. I%26#039;m thinking about going to Hyundai or KIA since I%26#039;m trying to get financed for a car with an income of $18,000/yr.

Will Hyundai/Kia dealerships finance just about anyone?

Financing is really going to vary dealership to dealership and if they are quite aggressive and can see that the buyer has savings or other collateral, they can legally charge up to an outrageous 29.99%. Be careful- you don%26#039;t want to end up with a car that has bad resale value and overpaying on interest.

The most important thing that you can do is analyze your income to debt ration to determine if buying and financing through a dealership is a sound financial decision. You don%26#039;t want to end with repos like your friend. Lenders are getting more picky about that and just one could ruin your credit for years.

Good luck!

Will Hyundai/Kia dealerships finance just about anyone?

you MUST be desperate, because they%26#039;re awful cars

Will Hyundai/Kia dealerships finance just about anyone?

I doubt your friend-of-friend%26#039;s story is quite true. If the person make a very large down payment and was willing to take a short loan with high payments at a high interest rate, maybe it would be believeable.

If you have a good credit score, have a steady job, and don%26#039;t have excessive debt, you should have no problems anywhere.

Will Hyundai/Kia dealerships finance just about anyone?

Your friend of a friend story is probably true. I remember recently when Kia had one of those %26quot;no-credit, bad-credit, no-problem%26quot; ads here in Michigan. They claimed absoletly no one turned down. So, that person might have had either a large down payment, a co-signer, or maybe both.

Nevertheless, in answer to your question, yes, they will probably finance you. But, depending on your own credit history, you may be better off going to another dealership and looking at some %26quot;certified%26quot; used cars and get financed there. Since your income is $18,000, you shouldn%26#039;t want to buy a new car that will depreciate in value so quickly. You should want to get the most bang for your buck. And a good quality used car may be the ideal for you right now.

Good luck.

Will Hyundai/Kia dealerships finance just about anyone?

I think you are better off buying a 5 year old used car, like maybe a 2002 Sonata for $3500 then sinking $13000 into a new base model Kia. However, if you do buy new, you definitely don%26#039;t want to get a loan longer then 5 years/60 months or you will still be paying for the car when major repairs come up, plus you%26#039;ll always end up owing much more then it is worth. BTW, I don%26#039;t know who starts this rumor about Hyundai/Kia financing anyone, but like another poster said, there are certain dealers who will finance just about anyone. Those dealers will charge you the highest finance rate they can and probably make you pay sticker price for the car too, knowing its only a matter of time before the repo man shows up to take the car back.