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So you've found your dream Kia vehicle. What about your payment plan? Find out if financing or leasing is good for you.
If you prefer driving a new vehicle every two to four years, want lower monthly payments, drive an average number of kilometers and can properly maintain your vehicle, then you'd be a good candidate for leasing. As a lease customer, you pay only a portion of a vehicle's cost, which is the part that you "consume" during the time you're driving it, and you only pay taxes on your monthly payments, instead of the full vehicle price. Signing a leasing contract means that you agree to make regular monthly payments, keep the appropriate insurance, pay any vehicle taxes and licensing fees, and take good care of the vehicle throughout your contract.
If you'd rather own your vehicle, prefer paying off your loan, and want to avoid the risk of possible lease-end charges, then you should consider financing as an option.
When you finance a vehicle, your payments will consist of part principal and part finance charges. Each payment you make increases the amount of equity you've built up in your vehicle. Once all the payments have been made, the vehicle is yours. Monthly loan payments are usually higher than monthly lease payments since you're financing the total cost of your vehicle, which includes applicable sales taxes and the purchase price. You are also responsible for your insurance coverage and the maintenance of your vehicle.
Have you made your decision? Contact our financing department at 1-844-367-6671 to book an appointment with one of our specialists or through our online contact form.
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