Whether you are buying or leasing a new or used vehicle, it is very important to determine first hand whether you will be able to pay the price for the vehicle or not. If you are buying a vehicle, you need to see whether that vehicle matches your budget and you will be able to pay for it is easily, and if you are leasing a vehicle you need to determine whether you will be able to make the monthly payments or not.
When you are using KIA’s finance options to get a vehicle, you should know that they have provided a number of tools for you to calculate your payments. First, we will talk about the budget calculator. You should use this tool if you know how much you want to spend each month and you want to find a vehicle that matches your budget. This tool will only tell you whether your budget aligns with the vehicle you want to get or not, it won’t tell you the monthly cost of your purchase, for which you have to use another tool.
You can go to the online platform and use this tool. You will have to select target payment, down payment, term length, and more. Furthermore, you can select estimated trade-in value, and balance owed on the trade-in. Then, they will tell you what you can afford each month.
To calculate the monthly payment, you have to use the payment calculator that will help you find a monthly payment that suits your budget. This tool can also be used online, and first, you have to choose the model. There will be a list of their models and you can choose one from them and then you have to choose the trim you want. After that, they will ask you to enter your zip code and then you will move to the next page, where you have to enter the estimated credit score, cash down, which is the initial cash you will provide to reduce the payment required to purchase the vehicle.
Then, you have to select the program, which means whether you have your own financing option or you want to use the company’s finance option. You also have to enter a trade-in value, the amount owed on trade-in, and you can also check available discounts. Then, they will show you the estimated finance payment per month. If you are getting the vehicle on the lease you also have to select annual miles.