Do you want to buy a new car without making a dent in your wallet? Car financing is the way to make that happen! Instead of paying a lump sum for your new vehicle, you pay small monthly installments and drive the car from day one. If you’re thinking about getting a car at your Kia dealer, take a moment to look at these benefits below.
1. You Can Buy Your Car Faster Than You Would Otherwise
There’s no denying paying small installments is easier than paying a lump sum for your car. That means you don’t have to save money for several months (or years) until you have enough to make that purchase. You can take a small amount of your monthly income and pay for a car you’ll drive long before you have your vehicle’s worth in cash.
2. You Can Leverage Your Credit and Use Cash Elsewhere
Should you avoid financing your car even if you have the money? Using credit to buy a vehicle means you can spend the cash you already have for other things, like taking advantage of an investment opportunity or simply saving it for a rainy day. If you spend all your money at once, you don’t have the chance to weather an unforeseeable storm.
3. You Can Spare Expenses
If you’ve never bought a car before, you probably don’t know about the many expenses you’ll face when you’re behind the wheel, like servicing your vehicle every year. Nevertheless, when you decide to finance your purchase, you may have the option to add a maintenance clause to your financing agreement, which means someone else will have to pay for several car-related expenses, like the servicing we talked about.
4. You Can Use This Opportunity To Build Your Credit
A high credit score opens many doors, so you should take every opportunity to build it. Unfortunately, we’re talking about something easier said than done. Then again, financing a car presents the perfect chance to build your credit score at little risk. It’s a two-birds, one stone deal: you get a car and get to build or repair your credit score!
5. You Can Make the Whole Thing Tax Deductible
Depending on how you finance your car, the financial costs could be tax deductible. The smaller details vary on a state-by-state basis, so you should check with your accountant to find out about the many tax perks you could take advantage of.
Are you ready to buy the car of your dreams faster than ever? Pay us a visit at Mike Kelly Kia, so we can help you pay for your new car in the best way possible.
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Warranties include 10-year/100,000-mile powertrain and 5-year/60,000-mile basic. All warranties and roadside assistance are limited. See retailer for warranty details.
Picture may not represent actual vehicle. Price varies based on Trim Levels and Options. See Dealer for in-stock inventory & actual selling price. Online pricing subject to verification by dealership and subject to errors and omissions. All prices plus tax, title & Doc Fee ($464), with approved credit.