Kia Refinancing (August 2025)

Save more money on your Kia auto loan

By refinancing your Kia with Way.com, you could:

• Lower the APRs on your Kia loan
• Lower your monthly Kia finance payments
• Add or remove a co-signer/co-borrower
• Refinance and buy out a Kia lease
• Change your Kia loan's conditions
• Defer a payment or take payment vacations

What is Kia refinancing?

Sleek, stylish, elegant – you could easily run out of words to describe your favorite Kia model. However, unless you’re careful, you could also end up running out of money every month to pay for your Kia auto loan. Interest rates run pretty high - if you’re looking to save, you’re in the right place!

Kia refinancing allows you to take a new loan from a new lender to replace your existing, high APR loan. The new lender will typically charge you a lower APR, a lower monthly payment, and better terms and conditions.

If you refinance with the right lender, you can slash your interest rates and save as much as $1850 annually.

Why should I refinance my Kia?

You may have financed your car from Kia Motors Financing, a related bank, or even a dealership. But if there’s one thing that’s common between all of them, it’s that they likely overcharged you on your Kia auto loan. A high APR means higher payments, which will take out a larger chunk of your finances!

However, if you have a good credit score and a consistent payment history, you can refinance your Kia to get lower rates and save money! By refinancing, you could:

• Lower your Kia auto loan rate: Slash your rates by 1-2% and save up to $100 every month, and $1850 every year!
• Lower your Kia monthly payment: Save more every month to spend on student debt, household expenses, and more.
• Add or remove a co-borrower/co-signer: Repaying a Kia loan on your own can be hard. Add a co-borrower to quicken the process.
• Add more benefits to your loan: Insure your Kia vehicle against any damages with GAP insurance, Vehicle Service Warranty, and more.
• Get cash-out refinancing: Want cash for a financial emergency? Borrow an amount based on the equity in your Kia
• Buy out your Kia lease at the end of the term.

How much can you save when refinancing your Kia with Way.com?

If you’re left pinching pennies at the end of the month, chances are it’s because of rising auto loan payments! With the average auto monthly payment in the US crossing $600, it’s never been more important to save on your loan.

Refinancing your Kia with the right lender can take a load of stress off your mind. You can save up to $1850 every year – which translates the more than $100 every month. Though the exact amount varies with the loan amount and lender, one thing’s for sure – you benefit the most!

You can also use cashback auto refinancing to borrow funds with your Kia truck as collateral.

When should you refinance your Kia?

Refinancing must only be done if you meet the following criteria:

• At least 6-12 months have passed since you took the original loan
• Your credit score has increased to more than it was when you first applied (or more than 650)
• You have built up a consistent payment history and cleared all pending dues
• You’re facing a financial crunch shortly and want to save for a rainy day
• You want to change the loan terms and add a co-signer or co-borrower

KIA Refinance Rates (June 2023)

Here are the auto refinance rates for Kia offered by different lenders. These Kia refinance rates will give you an edge over the rates before you finalize refinancing your Kia. It will help you compare the rates and understand the general trend in refinance.

What Kia models can I refinance?

You can refinance almost any Kia truck in the market today. Some popular models in the country include:

• Kia Forte
• Kia Seltos
• Kia Sportage
• Kia Telluride
• Kia Soul
• Kia Optima

What documents are required for Kia refinancing?

Keep these details and documents ready - it will help you breeze through the refinance process.

• Your credit score: Aim for a score above 650 to get good rates – but a score above 700 will get preferential rates and help you get pre-approved easily.
• 14-day payoff amount: Call your lender and ask for the remaining loan balance, including the next 14 days’ principal and interest.
• Loan-to-value ratio: The LTV ratio will tell you whether you are “upside-down” on the car loan. If you are, it will be harder to refinance.
• Loan term remaining: You should have at least a year left to repay the existing loan, and at least six months should have passed since you took your existing loan.
• Prepayment penalty: Make sure that your existing loan provider does not have a clause penalizing you for paying off the loan early.

Also keep your personal details ready, like:

• Vehicle information: VIN, title, registration, number, and mileage
• Income information: Salary slips, pay stubs, and tax returns
• Personal information: Driver's license and Social Security Number

Will my Kia be eligible for refinancing?

Most lenders don’t have very strict eligibility requirement. All you need to ensure is that your registration, licenses, and other details are in order. Other criteria include:

• The car must be less than 10 years old
• It must have a mileage of less than 150,000
• You have a valid driving license
• You have a valid registration
• You have a consistent payment history on your current loan
• You have a verifiable income source
• You have full coverage insurance

How to refinance my Kia with Way.com

Step 1: Estimate the possible savings

Use an online auto refinance calculator to find your new monthly payment and whether it is worth it to refinance.

Step 2: Pre-qualify for multiple offers

Shop around, pre-qualify with multiple lenders, compare rates and shortlist the best.

Step 3: Choose an offer and start saving

Choose one that fits your budget the best, apply for refinance, and submit the required documents. If everything is in order, you will be approved in just a few hours.

Can you refinance a Kia with bad credit?

It’s always good to refinance with good credit, so that there aren’t any complications.  However, if you are desperate to refinance, you can do so even with bad credit. This is for folks with previous bankruptcies, repossessions, defaults, or late payments on their credit records.

However, you may have to settle for conditions like:

• Make a larger down payment at the time of refinancing
• Get a co-borrower or co-signer
• Search for lenders specializing in bad credit loans
• Settle for a higher APR (which could affect your savings in the long run)

Why our Kia Refinance Program is great for you

At Way.com, we understand that financing and maintaining a Kia car costs money – a lot of money. Rising average auto loan payments, vehicle costs, fuel prices - why should owning a car be such a hassle?

Way.com is simplifying vehicle ownership in America - starting with your car payments!  Our AI-enabled fintech platform will help you:

• Get connected to the best refinance lenders
• Compare offers and rates from multiple lenders
• Refinance lease buyouts
• Include additional benefits like insurance, extended warranty, etc
• Refinance with a bad credit score

… and much more!

What is Way.com?

Way.com is the country’s #1 auto super app and all-in-one car services marketplace, which is making vehicle ownership affordable to millions of Americans.

Whether you own a sedan, sports car, hatchback, truck, motorcycle, or RV, the Way.com auto super app can help you save more than $2000/year through our following services:

• Auto insurance and refinance
• Airport parking and city parking
• Car wash services
• Roadside assistance and Cashback on gas

Way.com has a 4.5 rating on Trustpilot, with more than 3 million satisfied customers. The Way app also has a 4.7 rating on Google Play and 4.9 on the iOS app store.