Finance FAQ

Jim Shorkey Gainesville Kia’s Auto Financing FAQFrequently Asked Finance Questions



What You Should Know

At Jim Shorkey Gainesville Kia, we understand that financing a vehicle can be overwhelming. We seek to provide a foundation of the most basic elements of car financing to help you begin to feel confident and informed in the financing process.


What goes into a car loan?

 Several things factor into the details of a car loan, including the price of the car, the buyer’s credit score, the down payment, and the length of the car loan.


What makes up a credit score?

Your credit score is a number that is calculated by your credit history, and is used by lenders to determine how likely you are to pay back a loan. A credit score is made up of multiple factors, such as your payment history, whether or not you made payments on time, the length of your credit history, and how much you currently owe.


Can I get a car loan even if I have poor credit?

Most of the time, the answer is yes. Buyers with good credit will be favored by lenders and will get the best loan deals. While it’s not impossible to get a loan with poor credit, you will generally end up paying more as a result.


Should I get my loan from a dealer or a bank?

 Both of these are viable options, and there is no right answer. The best thing to do is to shop around and find the best loan between all possible options.


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