How to Lower Your Kia Payments

When it comes to your next Kia payment, Folsom Lake Kia is here to help. We believe that family-friendly, adventure-ready, and commute-capable Kia vehicles should be available at your budget, and we make it easy to save big on the next great car. When you're ready to learn about some of the best options for lowering your Kia payment, come down to our Kia dealership to take the first step.

Make Extra Payments

One of the best ways to reduce your car payment over time is to pay extra whenever possible. Typically, cars with longer terms will have higher interest rates, and the more quickly you pay your vehicle off, the less you'll end up paying interest costs on your new Kia vehicle over time.

Speak to Your Lender

If you're looking to make significant changes to your loan conditions as soon as possible, consider reaching out to your lender about a deferment. You can typically defer your payment for a few months, but just remember that interest still accrues over those months of deferment, so you may end up paying more in the long-term.

Refinance Your Vehicle

One way to make long-lasting change to the conditions of your loan is by refinancing your vehicle. It's not uncommon for drivers experiencing financing hardship to renegotiate the conditions of their loan, for more favorable and smaller monthly payment requirements.

When refinancing, you typically end up adjusting either the interest rate or the length of the term, so it's important to do your research and compare options, to make sure you're finding a good refinancing method to fit your needs.

Sell or Trade In Your Car

At the end of the day, you can always swap out your current model for a less expensive one. When you sell your vehicle, you'll have capital for a less expensive car, and trading in a used car comes with savings on sales tax, as well as the down payment for the next model.

Get Kia Financing Support at Folsom Lake Kia

No matter what your Kia financing needs may be, Folsom Lake Kia is here to help. We make it easy to get the support and terms you need to take home a car you love. We even have Kia specials and deals to help you save. Get started at our Folsom, CA dealership today!