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Financing

Daytona KIA cares about helping their customers have the best vehicle purchase experience possible. An educated consumer makes good choices about which vehicle to purchase and how to finance that purchase. This brochure was developed to give you information about financing your vehicle purchase. Information is the most important tool you have. We hope this brochure will help you gather information about financing your vehicle and will enhance your purchasing experience.

DAYTONA KIA WELCOMES ALL CREDIT!

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Financing Navigation

Contact Information

Daytona Kia

1270 N Tomoka Farms Rd

Daytona Beach, FL 32124
workSales:
866-736-4189
serviceService:
866-915-7502

Finance FAQ

Check out our online finance FAQ section for important information regarding car lease and loan characteristics.

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Tip!

Loan payments contribute to the eventual ownership of a vehicle, while lease payments apply only to the short-term use of a car.

Tip!

Owning a lease vehicle is possible if purchased outright after the lease period ends.

A typical lease period runs between 24 and 48 months.

Tip!

Three important factors - adjusted capitalized cost, residual value and the money factor - determine the monthly rate of a lease.

Tip!

Closed-end leases set a fixed residual buy price at the beginning of the term, while open-end deals base the final buy price on a vehicle's actual market value at the end of a lease.

Tip!

Pay more money down initially to reduce monthly loan payments. Otherwise, a typical down payment ranges between 10 to 20 percent of the total cost.

Tip!

Many used vehicles require down payments of at least 20 percent and include interest rates between 9 to 10 percent.

Tip!

Lease agreements usually limit mileage from 12,000 to 15,000 miles annually. Beyond these figures, fees in the range of $0.10 to $0.25 per mile begin to accumulate.

If you plan on customizing your vehicle, you need to finance with a loan. Leased vehicles must be returned under factory specification.