Does Kia provide financing in Australia?
Yes, Kia provides financing options through Kia Finance, which is a service offered by St.George Bank, a division of Westpac Banking Corporation, similar to Hyundai Finance. Kia Finance offers a range of tailored financial products to help you purchase a new or used Kia vehicle, like:
- Consumer Loans allows you to purchase a new or used Kia with flexible repayment options.
- Chattel Mortgage is suitable for business use, providing a loan for purchasing a vehicle with the vehicle itself serving as security.
- Finance Lease is developed for businesses, where Kia retains ownership of the vehicle, and you pay lease installments over a fixed term.
- Novated Leases is a three-way agreement between you, your employer, and Kia Finance, allowing you to include your vehicle costs in your salary package.
As an alternative, you can also take out a personal loan. Your possible expenses:
Personal loan calculations for 1 year (example)
| Amount, $ | Rate, % | Accrued %, $ |
| 5,000 | 8.85% | 240 |
| 5,000 | 15.85% | 429 |
| 5,000 | 12.85% | 348 |
| 10,000 | 9.35% | 506 |
| 10,000 | 15.35% | 831 |
| 10,000 | 23.35% | 1,265 |
| 20,000 | 9.85% | 1,067 |
| 20,000 | 16.85% | 1,825 |
| 20,000 | 23.65% | 2,562 |
| 30,000 | 10.35% | 1,682 |
| 30,000 | 17.35% | 2,819 |
| 30,000 | 24.35% | 3,957 |
What is the interest rate for Kia finance?
The interest rates for Kia finance can vary depending on the specific model and the type of financing you choose. As a rule the rates varies from 2% to 4% annually.
