How to Finance a Car

financeLooking at and test driving cars is the fun part of buying a new vehicle. The hard, troublesome part is when it comes to paying for your dream car. The process isn’t nearly as complicated as it may seem at first glance. Here’s how to finance a car—short, sweet, and to the point.

Before you fill out any applications, you’ll need to harvest some information. Your employer, social security number, income, and expenses are vital to filling out the application forms. You don’t need to know your credit score. Creditors will run their own credit check before making a loan offer.

At a dealership, the finance department is likely to have you fill out a few forms then submit them all on your behalf. If you’re filling out applications on your own, you’ll have many more forms and more stops to make before you receive any loan offers.

Once the applications have been submitted, lenders will look it over and run a credit check. A credit score above 720 will net you the lowest interest rates. The loan offers will roll in, usually on the same day, and it’s up to you to look them over and accept the loan length and interest rate that fit your financial situation.

We at Bob Sight Kia can help you get pre-approved with this online form!