Differences in Dealership percentage rates

Asked by Newride9300 Aug 17, 2024 at 05:08 PM about the 2024 Kia Sorento S AWD

Question type: Shopping & Pricing

Is there a steep difference in finance departments between Nissan and Kia?
We got a price quote for 2024 Nissan Pathfinder at an 8.99% APR but then
when we got a quote for a 24 Kia Sorento their APR was 16.99%! How does
that happen? Just two different banks? I guess I figured if my credit got me
an APR of 8.99% for one car it would at least be somewhat similar for other
cars...?
If I go to a different KIA dealer, will they perhaps offer me a different APR? Or
once you try to finance through KIA it's all the same bank??

4 Answers
311,215

Gene answered 7 months ago

You better stop and rethink what you are buying, both of those makes are not rated very good. Try your credit union or your bank for better rates.

Mark helpful

Newride9300 answered 7 months ago

THe 2024 Kia Sorento is rated #6 in the US News and WOrld Report of most reliable midsize SUVs. And #5 by JD Power. It ranks 10/10 in fuel efficiency and value. I don't want a Telluride which ranks above the Sorento becuase it's too much car and the price is too high. But also, the reliability of my car choice wasn't my question.

Mark helpful
158,465

James answered 7 months ago

Different lenders charge different interest rates based on the national prime, amount financed, age of the vehicle, and the credit risk. Personally I'd suggest, if you can, waiting until next year to make any big purchases. Hopefully the interest rates will come down by then. Jim

Mark helpful
311,215

Gene answered 7 months ago

But then if you did buy them you would crying later on, why didn’t someone tell me. Do not believe any or the rating companies, talk to real people.

Mark helpful

Your Answer:

Related Questions

Sorento

Looking for a Used Sorento in your area?

CarGurus has 2,479 nationwide Sorento listings starting at $3,500.

Postal Code:

Shortcuts

Search Kia Sorento Questions

CarGurus Experts

  • #1
    5240
    Reputation
    2,580
  • #2
    Paul
    Reputation
    1,550
  • #3
    Edel Erum
    Reputation
    1,500
View All

Find great deals from top-rated dealers

Search

Related Models For Sale

Used Kia Telluride
5 Great Deals out of 456 listings starting at $18,995
Used Kia Sportage
66 Great Deals out of 2,193 listings starting at $4,990
Used Hyundai Santa Fe
41 Great Deals out of 1,702 listings starting at $3,475
Used Honda Pilot
38 Great Deals out of 1,183 listings starting at $6,350
Used Toyota Highlander
17 Great Deals out of 624 listings starting at $7,480
Used Honda CR-V
112 Great Deals out of 4,849 listings starting at $1,439
Used Ford Explorer
39 Great Deals out of 2,168 listings starting at $4,499
Used Kia Sorento Hybrid
153 listings starting at $29,795
Used Hyundai Palisade
20 Great Deals out of 1,231 listings starting at $22,995
Used Toyota RAV4
110 Great Deals out of 2,552 listings starting at $2,495
Used Chevrolet Traverse
28 Great Deals out of 942 listings starting at $5,995
Used Hyundai Tucson
77 Great Deals out of 2,465 listings starting at $3,894
Used Nissan Rogue
133 Great Deals out of 4,903 listings starting at $1,995
Used Nissan Pathfinder
38 Great Deals out of 1,481 listings starting at $4,900
Used GMC Acadia
23 Great Deals out of 1,076 listings starting at $2,995

Content submitted by Users is not endorsed by CarGurus, does not express the opinions of CarGurus, and should not be considered reviewed, screened, or approved by CarGurus. Please refer to CarGurus Terms of Use. Content will be removed if CarGurus becomes aware that it violates our policies.