Kia financing in Australia
Known for its reliable family cars, Kia is growing in popularity among Aussie drivers.
Kia was the fourth best-selling manufacturer in 2024, behind only Toyota, Ford and Mazda. The Sportage (the extremely popular SUV), and the Cerato (its stylish hatchback) are the top-selling Kia cars in Australia.
With lower prices than some of the other dominant car brands, Kia is popular with money-savvy motorists.
If you’re looking to buy a Kia, you’ll want the best deal on your finance too. That means comparing multiple lenders. Not just the one your local Kia dealer is partnered with.
As you’ll see, the interest rate on your Kia finance will make a big difference to what you pay.
Kia finance options at a glance
- Finance for all Kia models including the Sportage, Sorento, Carnival and Cerato
- Borrow up to $150,000
- Low rate secured car loans
- Fixed or variable interest rate
- Finance terms from 1 - 7 years
- Novated lease for Kia available
- Flexible repayment options
- Pre-approval available
- Kia business finance options
Kia finance rates compared
Compare car loan interest rates for different Kia models to estimate your monthly repayments.
Kia model | Picanto (Sport) |
|---|---|
Estimated cost | $18,290 |
Monthly repayments (6% p.a. interest) | $354 |
Monthly repayments (8% p.a. interest) | $371 |
Monthly repayments (10% p.a. interest) | $389 |
Kia model | Stonic (S) |
Estimated cost | $25,460 |
Monthly repayments (6% p.a. interest) | $492 |
Monthly repayments (8% p.a. interest) | $516 |
Monthly repayments (10% p.a. interest) | $541 |
Kia model | Cerato (S) |
Estimated cost | $27,060 |
Monthly repayments (6% p.a. interest) | $523 |
Monthly repayments (8% p.a. interest) | $549 |
Monthly repayments (10% p.a. interest) | $575 |
Kia model | Seltos (S - FWD) |
Estimated cost | $29,850 |
Monthly repayments (6% p.a. interest) | $577 |
Monthly repayments (8% p.a. interest) | $605 |
Monthly repayments (10% p.a. interest) | $634 |
Kia model | K4 (S) |
Estimated cost | $30,590 |
Monthly repayments (6% p.a. interest) | $591 |
Monthly repayments (8% p.a. interest) | $620 |
Monthly repayments (10% p.a. interest) | $650 |
Kia model | Sportage (S FWD) |
Estimated cost | $32,995 |
Monthly repayments (6% p.a. interest) | $638 |
Monthly repayments (8% p.a. interest) | $669 |
Monthly repayments (10% p.a. interest) | $701 |
Kia model | Niro (HEV S - Hybrid) |
Estimated cost | $45,000 |
Monthly repayments (6% p.a. interest) | $870 |
Monthly repayments (8% p.a. interest) | $912 |
Monthly repayments (10% p.a. interest) | $956 |
Kia model | EV3 (Air Standard Range) |
Estimated cost | $47,600 |
Monthly repayments (6% p.a. interest) | $920 |
Monthly repayments (8% p.a. interest) | $965 |
Monthly repayments (10% p.a. interest) | $1,011 |
Kia model | Carnival (S) |
Estimated cost | $50,300 |
Monthly repayments (6% p.a. interest) | $972 |
Monthly repayments (8% p.a. interest) | $1,020 |
Monthly repayments (10% p.a. interest) | $1,069 |
Kia model | Sorento (S - 7 Seat) |
Estimated cost | $50,680 |
Monthly repayments (6% p.a. interest) | $980 |
Monthly repayments (8% p.a. interest) | $1,028 |
Monthly repayments (10% p.a. interest) | $1,077 |
Kia model | EV5 (Air Standard Range) |
Estimated cost | $56,770 |
Monthly repayments (6% p.a. interest) | $1,098 |
Monthly repayments (8% p.a. interest) | $1,151 |
Monthly repayments (10% p.a. interest) | $1,206 |
Kia model | EV6 (AIR RWD) |
Estimated cost | $72,590 |
Monthly repayments (6% p.a. interest) | $1,403 |
Monthly repayments (8% p.a. interest) | $1,472 |
Monthly repayments (10% p.a. interest) | $1,542 |
Kia model | EV9 (AIR RWD) |
Estimated cost | $97,000 |
Monthly repayments (6% p.a. interest) | $1,875 |
Monthly repayments (8% p.a. interest) | $1,967 |
Monthly repayments (10% p.a. interest) | $2,061 |
| Kia model | Estimated cost | Monthly repayments (6% p.a. interest) | Monthly repayments (8% p.a. interest) | Monthly repayments (10% p.a. interest) |
|---|---|---|---|---|
Picanto (Sport) | $18,290 | $354 | $371 | $389 |
Stonic (S) | $25,460 | $492 | $516 | $541 |
Cerato (S) | $27,060 | $523 | $549 | $575 |
Seltos (S - FWD) | $29,850 | $577 | $605 | $634 |
K4 (S) | $30,590 | $591 | $620 | $650 |
Sportage (S FWD) | $32,995 | $638 | $669 | $701 |
Niro (HEV S - Hybrid) | $45,000 | $870 | $912 | $956 |
EV3 (Air Standard Range) | $47,600 | $920 | $965 | $1,011 |
Carnival (S) | $50,300 | $972 | $1,020 | $1,069 |
Sorento (S - 7 Seat) | $50,680 | $980 | $1,028 | $1,077 |
EV5 (Air Standard Range) | $56,770 | $1,098 | $1,151 | $1,206 |
EV6 (AIR RWD) | $72,590 | $1,403 | $1,472 | $1,542 |
EV9 (AIR RWD) | $97,000 | $1,875 | $1,967 | $2,061 |
Types of Kia finance options available
1
Secured loan
Financing your Kia with a secured car loan is a common choice, as the vehicle acts as security, lowering the lender’s risk. If you default on the loan, the lender can repossess and sell the car to recover the outstanding debt. Loan terms typically range from 1 to 7 years, with the option of either fixed or variable interest rates.
2
Unsecured loan
An unsecured personal loan works like a car loan but doesn’t require the Kia to be used as security. Because the loan isn’t backed by the car, lenders usually charge higher interest rates to cover the extra risk. Other than this, unsecured loans function similarly to car loans.
3
Novated lease
Another option is a novated lease, which lets you finance a new or used Kia through your employer. A novated lease offers significant tax benefits, especially for electric vehicles, when compared to a traditional car loan. With this arrangement, you can pay for your Kia and its running costs (such as charging, car insurance, etc.) using your pre-tax salary. Plus, you'll receive a GST discount on both the vehicle and its running costs.
For eligible Kia models, novated leases may also be exempt from fringe benefits tax (FBT). This can lead to significant savings compared to other financing options in Australia, as long as the car is valued below the luxury car tax (LCT) threshold.
4
Finance lease
A finance lease for a Kia in Australia allows a business to lease the vehicle for a fixed term, making regular payments for its use. The lender purchases the Kia on behalf of the business, and at the end of the lease, the business can choose to buy the car, renew the lease, or return it. Finance leases can provide tax benefits, as lease payments may be tax-deductible, and they offer a way for businesses to use a vehicle without the upfront cost of ownership.
5
Chattel mortgage
A chattel mortgage is a financing option where a business borrows money to purchase the vehicle and uses the Kia itself as security for the loan. While the business takes immediate ownership of the car, the lender holds a mortgage on the vehicle until the loan is fully paid off.
This option allows businesses to claim GST on the vehicle’s purchase price and potentially deduct interest and depreciation costs as business expenses. It’s a good option for businesses that want to own their Kia outright from the start while spreading the cost over time.
6
Kia green loan
If you're buying a Kia, you may be eligible for special electric vehicle finance through a green loan. This type of loan, offered by some lenders, provides a discount on standard car loan rates and is designed specifically for environmentally-friendly vehicles, which may include Kia's EV range.
Kia dealer finance
Kia offers financing options for both personal and business customers, allowing you to borrow money for the cost of the vehicle as well as other upfront expenses like registration. While dealer finance is convenient, it may not always provide the best deal, so it's worth considering other options.
For personal financing, Kia provides secured loans with terms ranging from 2 to 7 years. Customers can choose to pay a deposit upfront or opt for a balloon payment at the end of the loan term to reduce monthly repayments. The trade-off is you’ll need to pay a lump sum at the end of the term.
For businesses, Kia offers similar finance products, including a chattel mortgage, which can come with tax benefits. This option allows businesses to claim tax deductions on the depreciation of the asset and the interest on the loan.
You can apply for Kia finance directly through your local dealership.
How to get the best Kia finance deal
The interest rate on your Kia finance is important, but getting the best deal means considering other factors too.
Ongoing finance rate
Compare finance options from banks, credit unions, specialist lenders and Kia’s dealer finance. Keep in mind that some dealer finance deals may start with a low introductory rate, but then increase after a certain period. If you choose Kia dealer finance, look for a low rate that stays the same throughout the entire loan term.
Fees and charges
Some lenders may charge application fees and ongoing costs that can quickly add up. It's also important to watch out for other fees, like late payment charges or penalties for paying off your Kia loan early. No matter how you choose to finance your Kia, it's likely there will be some fees involved, so make sure they're minimal and don’t cancel out the benefits of a low interest rate.
Finance term
It’s important to consider the length of your loan term carefully. While a longer term can reduce your monthly repayments, it often leads to higher overall interest costs. For example, if you finance a Kia Sportage (S - FWD) priced at $32,995 with an interest rate of 8% p.a., you’ll pay $3,057 more in interest over a 7-year term compared to a 5-year term.
Repayment flexibility
Being able to make extra repayments without penalty gives you the freedom to pay off your loan early, which could reduce the total interest you pay over time and save you money. It’s also worth considering whether the loan allows you to choose between weekly, fortnightly or monthly repayments, so you can select the option that works best for your budget.
Eligibility for Kia finance
To qualify for a Kia car loan, you’ll need to:
- Be at least 18 years of age
- Be an Australian citizen or permanent resident
- Have a regular source of income
- Have a credit score above the lender's cut-off
- Meet the lender’s other credit criteria
How to apply for Kia finance
Here’s a quick overview of the process for applying for Kia finance:
- Compare your tailored Kia car loan quotes
- Choose your best deal or engage a car loan broker who can help
- Submit an application with the lender
- Upload documents to support your application
- Your application will be assessed by the lender
If successful, you'll either get car loan pre-approval up to a certain amount (this means you can go shopping for your Kia with confidence), or full approval if you have already decided on the model you want to buy.
With some lenders it’s possible to get your Kia finance approved the same day you apply.
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