Kia finance options

Kia finance options, explained simply.

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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.

See all 2022 EOFY deals

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.

Car loans suitable for financing a Kia

$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Monthly Repayment View Details CTA
IMB New Car Loan
4.88%
(fixed)
5.23%
You'll receive a fixed rate of 4.88% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one that's up to two years old.
You'll receive a fixed rate of 4.88% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one that's up to two years old.
Wisr Secured Car Loan
From
4.74%
(fixed)
5.01%
You'll receive a personalised interest rate from 4.74% p.a. to 16.01% p.a. based on your risk profile
A flexible car loan from $5,000 - $64,000 with personalised rates and rewards for strong credit customers.

⭐Special Offer: Wisr's standard establishment fee $605 will be reduced to $195 for applications submitted through Finder. T&Cs apply.
You'll receive a personalised interest rate from 4.74% p.a. to 16.01% p.a. based on your risk profile
A flexible car loan from $5,000 - $64,000 with personalised rates and rewards for strong credit customers.

⭐Special Offer: Wisr's standard establishment fee $605 will be reduced to $195 for applications submitted through Finder. T&Cs apply.
Credit Concierge Car Loan
From
3.69%
(fixed)
4.23%
You'll receive a fixed rate of 3.69% p.a. with a comparison rate of 4.23% p.a.
Get access to over 20 providers to fund a new or used car.
You'll receive a fixed rate of 3.69% p.a. with a comparison rate of 4.23% p.a.
Get access to over 20 providers to fund a new or used car.
Driva Car Loan
From
3.99%
(fixed)
4.79%
You'll receive a fixed rate from 3.99% p.a.
Borrow up to $250,000 with loan terms from 1 to 7 years. Get access to a range of lenders.

⭐Exclusive Offer: Apply and settle with Driva by February 7, 2022 to earn a $250 fuel voucher.

You'll receive a fixed rate from 3.99% p.a.
Borrow up to $250,000 with loan terms from 1 to 7 years. Get access to a range of lenders.

⭐Exclusive Offer: Apply and settle with Driva by February 7, 2022 to earn a $250 fuel voucher.

loans.com.au - New and Dealer Used Car Loan
3.99%
(fixed)
4.53%
You'll receive a fixed rate of 3.99% 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.

⭐Special Offer: Settle the loan before 30 June 2022 and enter the draw to win a $1,000 fuel gift voucher. T&Cs apply.
You'll receive a fixed rate of 3.99% 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.

⭐Special Offer: Settle the loan before 30 June 2022 and enter the draw to win a $1,000 fuel gift voucher. T&Cs apply.
RACV New Car Loans
From
4.99%
(fixed)
5.69%
You'll receive a fixed rate from 4.99% 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.
You'll receive a fixed rate from 4.99% 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.
Stratton Finance New Car Loan
From
3.69%
(fixed)
5.27%
You'll receive a fixed rate from 3.69% p.a. depending on the lender you are approved with
Apply for up to $250,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.
You'll receive a fixed rate from 3.69% p.a. depending on the lender you are approved with
Apply for up to $250,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.
NRMA New Car Loan
From
4.99%
(fixed)
5.69%
You'll receive a fixed rate from 4.99% p.a.
Purchase a new or used car up to 3 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.
You'll receive a fixed rate from 4.99% p.a.
Purchase a new or used car up to 3 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.
Great Southern Bank Fixed Rate Car Loan
6.79%
(fixed)
7.16%
You'll receive a fixed rate of 6.79% p.a.
A secured loan with a high maximum borrowing amount up to $100,000. Redraw facility and no monthly fees.
You'll receive a fixed rate of 6.79% p.a.
A secured loan with a high maximum borrowing amount up to $100,000. Redraw facility and no monthly fees.
NAB Personal Loan Unsecured Fixed
From
6.99%
(fixed)
7.91%
You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
Borrow from $5,000 to $55,000, with 1 to 7 year loan terms available. This loan comes with no fees for extra repayments and no early exit fees.
You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
Borrow from $5,000 to $55,000, with 1 to 7 year loan terms available. This loan comes with no fees for extra repayments and no early exit fees.
Symple Loans Personal Loan
From
5.75%
(variable)
6.47%
You'll receive a personalised interest rate from 5.75% p.a. to 25.99% p.a. based on your risk profile
Borrow up to $50,000 to pay for what you need.
You'll receive a personalised interest rate from 5.75% p.a. to 25.99% p.a. based on your risk profile
Borrow up to $50,000 to pay for what you need.
SocietyOne Car Loan
From
5.45%
(fixed)
5.45%
You'll receive a fixed rate between 5.45% p.a. and 21.49% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.
You'll receive a fixed rate between 5.45% p.a. and 21.49% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.
OurMoneyMarket Car Loan
From
5.35%
(fixed)
5.65%
You'll receive a fixed interest rate from 5.35% p.a. to 14.99% p.a. based on your risk profile.
Borrow between $2,001 and $75,000 to finance a new or used car up to 7 years.
You'll receive a fixed interest rate from 5.35% p.a. to 14.99% p.a. based on your risk profile.
Borrow between $2,001 and $75,000 to finance a new or used car up to 7 years.
Latitude New and Used Car Loan
From
5.99%
(fixed)
7.24%
You'll receive a fixed rate of 5.99% p.a.
Apply for a loan from $5,000 to finance a new or used car. Flexible repayments and options to finance a classic car.
You'll receive a fixed rate of 5.99% p.a.
Apply for a loan from $5,000 to finance a new or used car. Flexible repayments and options to finance a classic car.
NRMA Used Car Loan
From
6.24%
(fixed)
6.94%
You'll receive a fixed rate from 6.24% 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.
You'll receive a fixed rate from 6.24% 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.
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Compare car insurance side-by-side and get quotes

Name Product Roadside Assistance Accidental Damage Storm Choice of Repairer Agreed or Market Value
Budget Direct Comprehensive
Optional
Optional
Agreed or Market
Finder's summary: Awarded the 2021 Finder Award for Car Insurance - Value in QLD, SA, TAS, VIC, WA and Car Insurance - Features in NSW, VIC, WA, this policy offers solid coverage at a low cost. Budget Direct's claims service has received a 4.2/5 based on nearly 5,000 customer reviews.

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

Who it might be good for: People who want a comprehensive policy without breaking the bank.
Youi Comprehensive
Optional
Agreed or Market
Finder's summary: Youi Comprehensive Car Insurance is one of the few providers to include roadside assistance in its policy. You'll also get access to YouiRewards which gives you discounts on furniture, parking and more. Youi also has a live chat feature on its site to talk through any questions.

Who it might be good for: People over 25 who want comprehensive cover with a focus on customer service.
Qantas Comprehensive
Optional
Optional
Agreed or Market
Finder's summary: You'll be able to choose how comprehensive you want your cover to be with optional extras like choice of repairer and the option of agreed or market value.

⭐ Current offer: Earn Qantas Points for joining and paying your premium. Sign up today and earn up to 20,000 Qantas Points (points awarded will be based on your premium). T&Cs and eligibility apply.

Who it might be good for: People who'd like to earn Qantas Points.
Coles Comprehensive
Optional
Agreed or Market
Finder's summary: With Coles comprehensive car insurance, you could earn double flybuys points at Coles supermarkets and you can get $10 off your Coles grocery bill every time you redeem 2,000 Flybuys points. If your car is damaged, you could benefit from a one-week turnaround on repairs.

⭐ Current offer: Get 10% off your first year's premium when you take out a policy online. T&Cs apply.

Who it might be good for: Coles customers and Flybuys collectors.
Bingle Comprehensive
Market
Finder's summary:Bingle consistently comes up as one of the cheaper insurers out there. It only covers the basics. You don't get to choose your own repairer, you're not covered for personal items in the car and unless you add it as an option, you won't get a hire car if your car is stolen. But this keeps its premiums low.

Who it might be good for: Someone who wants a low-cost option that covers them for the basics.
QBE Comprehensive
Green Company
QBE Comprehensive
Optional
Agreed or Market
Finder's summary: QBE is a sustainable insurance company and also Finder's Green Insurer of the Year 2021 award winner. This policy offers the highest level of protection available from QBE including three-year new car replacement.

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

Who it might be good for: Those that are looking for a more environmentally friendly insurance choice.
Huddle Black Comprehensive
Agreed or Market
Finder's summary: Huddle's black comprehensive is its cover with highest limits and exclusive benefits. It includes roadside assistance. You can also get up to $2,000 for emergency travel and accommodation and up to $30 million legal liability cover.

Who it might be good for: Someone who wants a 24/7 claims processing.
ahm Comprehensive
Optional
Both
Finder’s summary: ahm comprehensive car insurance lets you choose higher excess to reduce your premiums. Its Fixed Kilometre Plan can save you up to 30% compared to its standard comprehensive cover.

⭐ Current offer: Sign up for ahm car insurance and you'll enjoy a $50 Visa e-gift card*. Offer ends 30 Jan.

Who it might be good for: People who drive less than 15,000 km per year.
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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.

Picture: Supplied

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Car Loan Offers

Important Information*
Logo for IMB New Car Loan
IMB New Car Loan

You'll receive a fixed rate of 4.88% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one up to two years old.

Logo for Beyond Bank Low Rate Car Loan "Special Offer"
Beyond Bank Low Rate Car Loan "Special Offer"

You'll receive a fixed rate of 4.69% p.a.
Take advantage of a competitive rate, pre-approval and no early repayment fees when you finance a car under two years old.

Logo for RACV New Car Loans
RACV New Car Loans

You'll receive a fixed rate from 4.99% 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.

Logo for NRMA New Car Loan
NRMA New Car Loan

You'll receive a fixed rate of 4.99% p.a.
Purchase a new or used car up to 2 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.

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