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Kia finance options

Kia finance options, explained simply.

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Elizabeth Barry

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A simple Kia finance options guide.

Kia finance options: What's available to buy a Kia?

If you want to buy a new or used Kia, these are your Kia finance options.

  • Kia secured car loan. By using your Kia as security against your car loan, you can typically land a more favourable interest rate. Why? Because the lender can reclaim your Kia if you breach your loan agreement. This offsets some of the risks for them. Interest rates for these loans range from 4.05% to 10.97%. Secured car loans are available from $1,000 to $250,000, depending on the finance company. Loan terms last 1 to 7 years.
  • Kia unsecured car loan. An unsecured car loan means the Kia won't be held as collateral against the car loan. The benefits of this are that you're less restricted with the age and model of Kia you're buying. There are fewer conditions attached to how you spend the money. However, the interest rates are typically higher for these kinds of loans, ranging from 5.45% to 38.01%. You can get fixed or variable rate unsecured loans.
  • Kia lease. Self-employed persons and business owners might go with this option, which allows them to purchase a Kia for commercial use. The lender buys a Kia on your behalf and you make lease payments until the end of the agreement.
  • Kia commercial hire purchase. This is an option for businesses who hire a Kia from the financier for a fixed monthly repayment over an agreed-upon term. You also have the option to purchase the Kia at the end of your hire term.
  • Kia novated lease. This is a method of salary packaging a Kia. It means you can lease a Kia and your employer pays the lease repayments from your pre-tax income. A novated lease may be a tax-effective way of purchasing a Kia.
  • Kia dealer finance. Dealership finance is attractive because the salesperson will fill out all the paperwork for you. It might carry a deposit or residual/balloon payment that needs to be paid, which could be tens of thousands of dollars.

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What should you look for in a Kia finance option?

There are a variety of finance related things to think about before you cruise away in your Kia, such as:

  • Is the interest rate competitive? Are there any application or service fees? You need to compare Kia finance options. Going for a loan with a high-interest rate and application fee could mean you spend hundreds (or thousands) of dollars more over the length of the loan, depending on how much you borrow. Also, going for a Kia loan without any service fees can help you save more.
  • What is my budget? It's important to understand how much you can spend before picking your ideal car. Kia vehicles can range from around $17,990 for the smaller Kia Picanto to up to $70,490+ for the top of the range Carnival (these models are currently on offer in August 2021). You can use a car loan repayment calculator to see how much your repayments will be for your chosen finance options.
  • What kind of Kia do I want? Kia has a huge range of cars to choose from. The exact Kia model that will be right for you will come down to what you need the car for – family use, daily driver, dog transporter, for example – and your budget. Kia offers small cars like the Kia Picanto, as well as several SUVs like the Sportage and sedans such as the Stinger.
  • What kind of features do I want/need? Kia vehicles come with a range of features including smartphone connectivity, heated and ventilated seats, Autonomous Emergency Braking (AEB) and large infotainment screens. If you're looking for something specific, be sure the vehicle has it.

Kia finance option costs to consider

Here are some costs for you to consider before applying for a Kia finance option:

  • The finance charges. Check for upfront fees such as application or establishment fees and ongoing charges such as monthly or annual fees. You should also check if you will be charged penalties for repaying your loan early or making extra repayments.
  • Upkeep of the Kia. Paying for fuel, servicing, maintenance and running your car can be expensive. Kia offers a 7-year unlimited-kilometre warranty, so this is something to take advantage of if you're worried about future repair costs.
  • Registration and insurance. Now that you're on the road, you have to pay for the privilege. This includes the cost of registration, and insurance to protect yourself as well as others in case of a road-related bingle or theft.

How much will a Kia cost to run?

It depends on the exact Kia model you're after, as well as the engine and transmission selected.

The most fuel-efficient 2021 Kia model is the Kia Niro S plug-in hybrid, which has a combined fuel consumption of 1.3L/100km. If you use the Green Vehicle Guide, a government initiative that helps you compare fuel economy, the annual fuel costs for this model come to just $411. That figure is based on driving 14,000km annually, 66% of it spent in an urban environment. That's around $34.25 per month.

The least expensive Kia in Australia is the Picanto S Manual, a light car. Currently, it's on offer at $17,990, down from $18,953.17 drive-away. Based on the above driving conditions, the Green Vehicle Guide estimates you'd spend $961 a year on petrol.

Going by the numbers on the Green Vehicle Guide, the least fuel-efficient current Kia is the Stinger 330S or GT. This model is estimated to use $2,132 of petrol per year.

Know that these numbers are just estimates. Real-world, achievable fuel running costs will vary depending on many factors. Also, you need to factor in maintenance costs, finance repayments and insurance. You might find our car loan repayment calculator helpful when working out how much you'll pay per month for a new or used Kia.

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What you will need to apply for a Kia finance option

You will need the following to apply for a car loan:

  • Financial statements. Acceptable documents typically include 3 months' worth of payslips, your last tax return statement or an accurate assessment of your current assets and liabilities situation.
  • Identification. This could be your driver's licence, your Medicare card, your birth certificate or your passport.
  • A stable income. Most lenders won't let you borrow money from them without evidence that you have a reliable income.
  • Assets and debts. You will need documents to show your current assets as well as your current debts.
Finance a Kia vehicle
Kia vehicle insurance options

Car loans suitable for financing a Kia

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1 - 15 of 20
Updated regularly
Name Interest Rate (p.a.) Comp. Rate (p.a.) Application Fee Monthly Fee Monthly Repayment
OurMoneyMarket Car Loan - Excellent Credit
ExclusiveFixed1 - 7 Years $2,001 - $75,000
Interest Rate (p.a.)
6.57%
to 18.99%
Comp. Rate (p.a.)
6.57%
to 21.78%
Application Fee
$0
Monthly Fee
$0
Monthly Repayment
$613.62
Go to siteMore Info
Finder Exclusive: Apply by December 15th 2023 and if approved, OurMoneyMarket will waive the establishment fee for Excellent Credit Customers.
OurMoneyMarket New Car Loan
Fixed1 - 7 Years $2,001 - $75,000
Interest Rate (p.a.)
6.57%
to 18.99%
Comp. Rate (p.a.)
7.19%
to 21.78%
Application Fee
$250
min.
Monthly Fee
$0
Monthly Repayment
$622.82
Go to siteMore Info
loans.com.au - New - Variable Rate Special
Variable3 - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
6.24%
Comp. Rate (p.a.)
7.36%
Application Fee
$400
Monthly Fee
$8
Monthly Repayment
$630.83
Go to siteMore Info
NRMA New Car Loan
Fixed1 - 7 Years $5,000 - $130,000
Interest Rate (p.a.)
7.29%
to 16.99%
Comp. Rate (p.a.)
8%
to 17.77%
Application Fee
$499
Monthly Fee
$0
Monthly Repayment
$635.67
Go to siteMore Info
Note: Take out a loan for an eligible electric vehicle and receive a 1.5% discount on your personalised interest rate (interest rates start from 5.49% p.a. and comparison rates from 6.19% p.a.)
CarMoney New Car Loan
ExclusiveFixed18 Months - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
6.89%
to 15.09%
Comp. Rate (p.a.)
8%
to 16.16%
Application Fee
$400
Monthly Fee
$8
Monthly Repayment
$636.87
Go to siteMore Info
Finder Exclusive: Apply for and settle a car loan and get a $200 cashback. Limited time offer. Terms and conditions apply.
Stratton Finance New Car Loan
Fixed1 - 7 Years $10,000 - $300,000
Interest Rate (p.a.)
6.52%
to 18%
Comp. Rate (p.a.)
6.95%
to 23%
Application Fee
$395
Monthly Fee
$0
Monthly Repayment
$625.27
Go to siteMore Info
You'll receive a fixed rate from 6.52% p.a. depending on the lender you are approved with.
Apply for up to $300,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.
RACV New Car Loans
Fixed1 - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
7.29%
to 16.99%
Comp. Rate (p.a.)
8%
to 17.77%
Application Fee
$499
Monthly Fee
$0
Monthly Repayment
$635.67
Go to siteMore Info
You'll receive a fixed rate from 7.29% p.a.
A larger loan of $5,000 or more to help you buy a new or used car. 5-hour pre approval available and no ongoing fees.
loans.com.au - New - Fixed Rate Special
Fixed3 - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
7.09%
Comp. Rate (p.a.)
8.21%
Application Fee
$400
Monthly Fee
$8
Monthly Repayment
$638.73
Go to siteMore Info
You'll receive a fixed rate of 7.09% p.a. based on your risk profile
Finance a new car and benefit from features such as fast approval, no ongoing fees and an optional balloon payment.

OurMoneyMarket Used Car Loan - No Vehicle Age Limit
Fixed1 - 7 Years $2,001 - $75,000
Interest Rate (p.a.)
6.57%
to 18.99%
Comp. Rate (p.a.)
7.19%
to 21.78%
Application Fee
$250
min.
Monthly Fee
$0
Monthly Repayment
$622.82
Go to siteMore Info
NRMA Used Car Loan
Fixed1 - 7 Years $5,000 - $130,000
Interest Rate (p.a.)
8.49%
to 16.99%
Comp. Rate (p.a.)
9.21%
to 17.77%
Application Fee
$499
Monthly Fee
$0
Monthly Repayment
$647.01
Go to siteMore Info
You'll receive a fixed rate from 8.49% p.a.
Finance a used car with NRMA and benefit from a fixed rate term and no monthly fees. Pre-approval available within 5 business hours.
CarMoney Used Car Loan
Fixed18 Months - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
6.2%
to 15.75%
Comp. Rate (p.a.)
6.71%
to 16.18%
Application Fee
$399
Monthly Fee
$0
Monthly Repayment
$622.43
Go to siteMore Info
Stratton Finance Used Car Loan
Fixed1 - 7 Years $10,000 - $300,000
Interest Rate (p.a.)
6.52%
to 18%
Comp. Rate (p.a.)
6.95%
to 23%
Application Fee
$395
Monthly Fee
$0
Monthly Repayment
$625.27
Go to siteMore Info
You'll receive a fixed rate loan from 6.52% p.a. with a comparison rate of 6.95% p.a.
A used car loan of up to $300,000 with quick approval times and balloon payment options.
RACV Used Car Loans
Fixed1 - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
8.49%
to 16.99%
Comp. Rate (p.a.)
9.21%
to 17.77%
Application Fee
$499
Monthly Fee
$0
Monthly Repayment
$647.01
Go to siteMore Info
You'll receive a fixed rate from 8.49% p.a.
Benefit from no ongoing fees, 5-hour approval and a 21-day satisfaction guarantee. Interest rate discounts for members.
loans.com.au - Variable Rate Used Car < 3 years
Variable3 - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
7.74%
Comp. Rate (p.a.)
8.85%
Application Fee
$400
Monthly Fee
$8
Monthly Repayment
$644.82
Go to siteMore Info
loans.com.au - Variable Rate Used Car < 5 years
Variable3 - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
7.74%
Comp. Rate (p.a.)
8.85%
Application Fee
$400
Monthly Fee
$8
Monthly Repayment
$644.82
Go to siteMore Info
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Updated regularly
Name Product Roadside assistance Accidental damage Storm Choice of repairer Agreed or market value
Budget Direct Comprehensive
Finder Award
Budget Direct Comprehensive
Optional
Optional
Agreed or Market
Finder's summary: The 2023 winner of our Best Value Car Insurance award. It's cheaper than most, plus you can lower costs by adding age restrictions.

⭐ Current offer: 15% off your first year's premium when you take out a policy online. T&Cs apply.

Who it might be good for: Anyone who wants a good value policy.
Get Quote
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Youi Comprehensive
Finder Award
Youi Comprehensive
Optional
Agreed or Market
Finder's summary: The 2023 winner of our Best Features Car Insurance award. Plus, it's one of the only insurers to automatically include roadside assistance.

Who it might be good for: Those who want good customer service with lots of inclusions.
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Australia Post Comprehensive
Australia Post Comprehensive
Optional
Agreed or Market
Finder's summary: Covers a little more than other insurers. You don’t need to pay an excess for windscreen repairs and cover applies to anyone who uses your car.

⭐ Current offer: Get $100 off your first year's comprehensive car insurance premium when you buy online. T&Cs apply.

Who it might be good for: Multiple people using one car.
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Bingle Comprehensive
Bingle Comprehensive
Market
Finder's summary: Our data shows it’s the cheapest comprehensive policy. It just covers the basics such as damage to your car, theft and storms – it doesn’t go in for add-ons and extras.

Who it might be good for: Those wanting a low-cost, no-frills policy.
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View details
QBE Comprehensive
Green Company
QBE Comprehensive
Optional
Agreed or Market
Finder's summary: Our best-rated Car Insurer for Customer Satisfaction in 2021/2022 and Green Insurer for the last 3 years.

⭐ Current offer: Save $75 when you purchase a new comprehensive policy online. T&Cs apply.

Who it might be good for: Those who want a trustworthy insurer and more cover than other brands, such as 3-year new car replacement (e.g. they'll give you money for a new car for up to 3 years if yours is written off).
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Kogan Comprehensive
Kogan Comprehensive
Optional
Agreed or Market
Finder's summary: Kogan comes with all the perks that most comprehensive car insurance policies include, but you'll also be entitled to some benefits from its online store. This usually comes in the form of a gift voucher or discount if you buy online.

⭐ Current offer: Get $115 off first year premiums when you purchase Kogan Comprehensive Car Insurance online + $10 monthly kogan.com credit. T&Cs apply.

Who it might be good for: Kogan shoppers and those after a good range of policy options.
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Qantas Comprehensive
Qantas Comprehensive
Optional
Optional
Agreed or Market
Finder's summary: You need car insurance so why not get one that lets you earn Qantas Points? It's good value too (it's underwritten by the same insurer as Budget Direct). .

⭐ Current offer: Earn up to 30,000 Qantas Points with every Qantas Car Insurance policy you take out by 7 February. T&Cs apply.

Who it might be good for: People who want more bang for their buck with Qantas Points.
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ROLLiN' Comprehensive
ROLLiN' Comprehensive
Agreed
Finder's summary: One of the most cost-effective insurers for under 25s, according to Finder research, with no aged-based excess.

Who it might be good for: Young drivers looking to keep costs down and anyone who’d like to get more flexibility from their car insurance.
View details
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Kia history

Kia's name is a portmanteau, which translates from Korean to "rise from Asia", or "One that came out of the East". Founded in 1944, Kia first produced steel tubes and bicycle components. Later, the company branched out into motorcycles, then trucks and finally cars in 1974. In 1997, Hyundai bought a majority share of Kia. More recently, Kia has moved upmarket, grown in popularity (increased sales 200% between 2014 and 2019) and won multiple awards for its high vehicle build quality.

Kia Australia range

Once you've learned about all the different Kia finance options, you'll want to pick a vehicle. In Australia, Kia sells 12 models, across many different body styles and categories. There is also an electric EV6 model listed as "coming soon".

Kia Australia modelsWho's it for?
Kia Picanto – An affordable small car, that would make an ideal first car for new drivers. Drive-away prices start from $17,990 (on offer as of August 2021), for the S Manual trim.A great car for urban dwellers and new drivers due to its small size.
Kia Rio – The Rio small hatch is larger than the Picanto. It starts from $20,490 drive-away (on offer in August 2021).Those who want a great all-rounder hatch with sensible running costs, but a smaller body.
Kia Cerato – Available as a hatchback or a sedan, the Kia Cerato is larger than the Kia Rio. The 2021 model has been warmly received by reviewers. The S Automatic costs from $25,990 (drive-away offer for August 2021).Small families, single persons and couples of all ages.
Kia Stinger – The Stinger is a large sports sedan, which Kia describes as a Gran Tourer. The Stinger starts from $54,090 drive-away (currently on offer) for the 200S version, with the top of the range GT (with a 3.3L V6) costing $67,690 drive-away (again, on a promotional offer in August 2021).Business travellers, families and those who want a RWD performance sedan (330S and GT).
Kia Stonic – Kia's most affordable SUV, the Stonic is "urban-sized". This small SUV costs from $23,490 drive-away (on offer in August 2021) for the S Manual trim.Small families, couples, people living in cities and urban areas.
Kia Seltos – Larger than the Kia Stonic, but smaller than the brand's Sportage or Sorento. The Kia Seltos starts from $28,290 drive-away for a Kia Seltos S (on offer as of August 2021).A mid-size SUV that would happily serve a small family, people who live in the country or city-siders.
Kia Sportage – The Sportage, for some reason, was not as popular as sister brand Hyundai's Tucson (on which the Sportage is based, in July 2021). Buyers have the option of a petrol or a diesel with this SUV, which starts from $31,290 drive-away (on an offer in August 2021).A great option for families and useful for people who travel with pets, have bikes or want to take a heap of waste to the rubbish tip.
Kia Sorento – A large SUV with up to 7 seats. Heaps of features make this a comfortable SUV to own and drive, it has even won car of the year awards. Prices start from $49,290 (an August 2021 offer) drive-away for an S petrol automatic model.Larger families who need to seat up to 7.
Kia Carnival – A unique people mover, which has the interior of a conventional people mover, wrapped in a body that's reminiscent of an SUV shape. In July 2021, the Carnival was the most popular people mover in Australia by a long distance. Prices start from $50,890 drive-away (prices correct as of August 2021).Drivers who need room for up to 8.
Kia Niro – The Kia Niro is one of Kia Australia's newest additions to the range. It's available as a hybrid (from $41,990 drive-away in August 2021), hybrid PHEV (from $49,990 drive-away in August 2021) or an electric SUV (from $67,490, again an August 2021 deal).Drivers who want a hybrid, plug-in hybrid or full-electric crossover SUV.
Kia EV6 – An incoming all-electric SUV that's due to start production in late 2021.Drivers who want an electric crossover SUV with impressive performance figures.

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