Anonymous wrote:I would not assume you can easily prepay car loans without penalty. It may be worth it to pay extra in cash up front then deal with the hassle and penalties.
https://www.supermoney.com/reviews/auto-loan/kia-motors-finance
Anonymous wrote:I bet it's a Kia-wide promoation if you do financing.
Simple solution: finance it, then pay it off a week later. The dealership will be pissed (they get a cut of the financing) but it's totally legal.
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Of course, this is legal. The problem is it may end up costing a lot more than you realize when you try to pay the loan off early. Even if the dealer tells you there are no prepayment penalties, they can structure the loan so your earliest payments are for the interest, not the principal.
https://www.lendingtree.com/auto/refinance/car-loans/pay-off-car-loan-early/#:~:text=Lenders%20can%20opt%20to%20charge,part%20of%20the%20loan%20term.
Anonymous wrote:I would not assume you can easily prepay car loans without penalty. It may be worth it to pay extra in cash up front then deal with the hassle and penalties.
https://www.supermoney.com/reviews/auto-loan/kia-motors-finance
Anonymous wrote:Beyer Subaru - especially now that the owner has to run for reelection every two years
Anonymous wrote:Dealers in this area are shady.
Anonymous wrote:Anonymous wrote:Anonymous wrote:I bet it's a Kia-wide promoation if you do financing.
Simple solution: finance it, then pay it off a week later. The dealership will be pissed (they get a cut of the financing) but it's totally legal.
Exactly this— why not just finance it and prepay the loan for $2k?
In the meantime if you want you can complain to the consumers affairs branch of the AG but not sure how much they care in VA.
This this this. Yes they do it everywhere. Lindsay Lexus too.
Anonymous wrote:Anonymous wrote:I bet it's a Kia-wide promoation if you do financing.
Simple solution: finance it, then pay it off a week later. The dealership will be pissed (they get a cut of the financing) but it's totally legal.
Exactly this— why not just finance it and prepay the loan for $2k?
In the meantime if you want you can complain to the consumers affairs branch of the AG but not sure how much they care in VA.