Kia First Time Buyer Program

  • First automotive secured loan or credit transaction.
  • Minimum six months on current job or qualified co-buyer.
  • Qualified applicants are eligible for standard rates.
  • Up to 100% advance.
  • Up to 72 months maximum term.
  • Minimum of $1,000 total down payment required (Total down payment may include rebate cash).
  • Excludes credit tiers 7 & 8 for terms greater than 60 mos. Credit Requirements
  • No adverse credit history. No bankruptcies, foreclosures, repossessions, collection accounts, charge-offs, tax liens, judgments, or any other delinquent credit.
  • Verifiable (paystub, W-2, etc.) monthly income sufficient to cover vehicle payment, ordinary living expenses, and all currently outstanding debt, if any.
  • Payment to applicant?s gross income from primary job cannot exceed 15%.
  • Total monthly debt to monthly income ratio of 50% or less. Total monthly debt includes, if applicable: monthly vehicle payment, monthly rent or mortgage payments, other monthly payment obligations (installment loans, revolving loans, alimony or support payment, etc).
  • Subject to additional KMF credit guidelines. Eligible Vehicles New and untitled 2017 and 2018 Kia Forte, Optima, Rio & Soul vehicles, including demonstrators and Service Loaner vehicles with less than 6,000 miles.
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    *First Time Buyer means applicant has no previous automotive secured loan/credit tradeline on his/her credit report.

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