How Does Car Financing Work?

couple at dealership

When you’re ready to purchase a used or new car to upgrade your ride on Jackson area roads, you can purchase it outright, lease it, or apply for financing. If you’re wondering “What does it mean to finance a car?” or “How does financing work?”, the finance specialists at Wilson Kia are here to help you understand the process.

How Does Financing a Car Work?

The first step in financing a new or used vehicle is to apply for a loan through a bank, credit union or, the dealership itself. Some key factors that the lender will want to look at include:

  • Credit Score
  • Loan Amount
  • Length of Loan
  • Debt-to-Income Ratio
  • Age of the Vehicle

If you have a less than stellar credit history and a low credit rating, you might want to consider asking a family member or close friend to cosign your loan.

Choose Your Lender

Once you are approved for a loan at the dealership, you may want to compare their offer to what a bank or credit union offers, just to make sure that you’re getting a deal that best suits your needs and budget. Take a look at how much you can afford for a down payment, and calculate your monthly payments to ensure you are able to pay back the loan.

Finalize the Loan Terms

Before you finalize your loan, you may want to negotiate on the price. Our sales and finance team will work with you to make sure that you get a loan and interest rate that is right for your budget. Once you have negotiated a satisfactory deal, you’ll finalize the loan terms, sign all the required paperwork, and drive home in your new vehicle.

Find Stress-Free Car Financing in Flowood

At Wilson Kia we make it easy for you to get the best possible terms and rates on a car loan. Our network of local and national lenders allows us to provide the flexible financing that Ridgeland area drivers are looking for. Whether you are looking to buy or to lease, you can use our convenient online tools to estimate the trade-in value of your current vehicle, and get pre-approved for a low-interest loan, all from the comfort of your home or office.

If you have any questions or would like more information, please don’t hesitate to contact us or learn about auto liability insurance today!

More Finance Tips from Wilson Kia

  • Should I Buy or Lease?

    There are lots of things to consider when shopping for a new car, but figuring out what works best for your Jackson budget is probably the most important. There are benefits to both buying vs. leasing, and ultimately it comes down to what you need and what you can afford. Explore which option makes most…

  • Everything You Need to Know About Leasing a Kia Vehicle

    Very few consumers consider leasing. We believe this is due to not having ample information about how the process works. Once you understand the ins and outs of leasing, you’ll realize that it’s a viable option with its respective advantages over buying. At Wilson Kia, we like to think of a lease as a pay-for-use…

Saved
Saved Vehicles ×

SAVED VEHICLES

You don't have any saved vehicles!

Look for this link on your favorites:

Save

Once you've saved some vehicles, you can view them here at any time.

Contact
Contact Us ×

601-914-4200

Call Now

4204 Lakeland Drive • Flowood, MS 39232

Get Directions

Today's Hours:

Open Today! Sales: 9am-8pm

Open Today! Service: 7:30am-6pm

Open Today! Parts: 7:30am-6pm

  • I hereby consent to receive text messages from or on behalf of dealer at the mobile phone number I provided above. I understand that I am opting in to receive text messages from dealer or their employees. I include consent to receive phone calls at the mobile phone number I provided. I understand that message and data rates may apply.
    Privacy Policy
  • This field is for validation purposes and should be left unchanged.

Wilson Kia

4204 Lakeland Drive Flowood, MS

Phone: 601-914-4200

http://maps.google.com/?q=4204%20Lakeland%20Drive%2C%20Jackson%2C%20MS%2039232

Parts

Phone: 601-914-4280

4204 Lakeland Drive Flowood, MS

Sales

Phone: 601-914-4204

4204 Lakeland Drive Flowood, MS

Service

Phone: 601-914-4270

4204 Lakeland Drive Flowood, MS
32.3368362 -90.0968046
[schema type="organization" orgtype="LocalBusiness" url="www.wilsonkia.com" name="Wilson Kia" description="" street="4204 Lakeland Drive" city="Flowood" state="MS" postalcode="39232" country="US" email="sales@wilsonkia.com" phone="601-914-4200" logo="https://di-uploads-pod15.dealerinspire.com/wilsonkia/uploads/2018/06/WilsonKiaonLakelandOGImage.png"]
Wilson Kia
Wilson Kia
4204 Lakeland Drive
Flowood, MS, 39232 US
601-914-4200
https://di-uploads-pod15.dealerinspire.com/wilsonkia/uploads/2018/06/WilsonKiaonLakelandOGImage.png
Wilson Kia 32.3368362, -90.0968046.