Experienced Waggaman, LA, Shoppers Use These Methods to Secure Used Kia Financing
For many people in Waggaman, LA, qualifying for used Kia financing is the most stressful part of shopping for a vehicle. There’s no guarantee the dealer will approve your loan application, so it’s important to ensure you put your finances in order. Take it from savvy customers and follow some effective steps to qualify for the vehicle you want. Some preparation can eliminate a lot of fear and anxiety and help you drive home in the ideal Kia.
Check Out Your Credit
Few things can derail your chances of qualifying for used Kia financing more than credit issues. If you want to avoid embarrassment and disappointment at the dealership, find out your score before you start shopping. This will give you time to work on issues and hopefully correct them so you can raise your score. If you want to get a favorable loan, it’s best to be in the 700 range. If you spot problems on your credit profile, work with a specialist to resolve them.
Pay Off Some Debt
The dealership finance team will also take a look at your debt-to-income ratio. If it’s too high, you probably won’t get the financing you want. Smart Waggaman, LA, shoppers keep credit card balances and installment loans to a minimum. If you have high amounts on yours, do your best to eliminate them or least pay down the debt. This will free up cash to help you afford your monthly car payments.
Use a Trade-In
Once you’re at the dealership talking about used Kia Financing, ask the dealer how much you can get for your current vehicle. If you don’t need to hang onto it, you can trade it in and add to your down payment. A trade-in can help you lower the purchase price of your next vehicle and possibly get it to a range you can afford.
Consider a Co-signer
If all else fails, you can turn to a family member or close friend in Waggaman, LA, for assistance and ask someone to co-sign for you. The dealer will include this person’s credit and income in the loan application. If you don’t quite measure up, a co-signer can get you where you need to be.
There are plenty of shoppers in Waggaman, LA, who successfully qualify for used Kia financing when they come to Ray Brandt Auto. When you take care of your debt and credit, or if you use a co-signer, you should be in good shape.