Kia Electric Vehicle Finance FAQ: We’ve Got Answers

While buying a new electric vehicle (EV) can be an exciting experience, it can also be overwhelming. That’s especially true if you’re unfamiliar with the financing process. At Casey Kia, we’re answering our frequently asked Kia electric vehicle finance questions to help you shop with confidence.

Should I Finance an Electric Vehicle?

EVs tend to cost slightly more than gasoline-powered vehicles, so financing is an excellent option since you can apply for an auto loan to purchase your car and pay it back in affordable monthly payments. If I Buy a New Kia EV, Does It Qualify for Tax Breaks? Technically, no. However, as you’re about to see, there are some ways to leverage those benefits.

Is an EV Lease a Good Idea?

An EV lease offers all the same benefits as a conventional auto lease, but there’s one more benefit. Even EVs that do not qualify for tax incentives when purchased may qualify when they’re leased.

How is EV Financing Different?

As another way to persuade drivers to purchase an EV, they typically have more attractive loans. In fact, many EVs qualify for a green auto loan. These loans tend to have lower interest rates, and can have longer loan lengths, which helps to make your monthly payments more manageable.

How Do You Get a Green Auto Loan?

As EVs become more common, so are green auto loans. You can apply for one directly at our dealership, and the application process is similar to applying for a traditional auto loan. We will gather info about your occupation, income, and housing. Then, we’ll submit that info to our network of lenders and present you with the best offers we receive.

Can You Finance a Used Kia EV?

You can, and like leasing, you may qualify for tax benefits. Your dealer will have the details.

Apply for Kia Financing in Newport News, VA

With our convenient financing process, there’s no reason to shop around before you see us. We can help you easily secure electric vehicle financing in just a few simple steps. Visit Casey Kia to apply today!