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

310,085

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.

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.

157,505

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

310,085

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.

Your Answer:

Sorento

Looking for a Used Sorento in your area?

CarGurus has 2,112 nationwide Sorento listings starting at $2,222.

Postal Code:

CarGurus Experts

  • #1
    5240
    Reputation
    2,540
  • #2
    Paul
    Reputation
    1,550
  • #3
    Edel Erum
    Reputation
    1,430
View All

Find great deals from top-rated dealers

Search

Related Models For Sale

Used Kia Telluride
29 Great Deals out of 592 listings starting at $18,995
Used Kia Sportage
45 Great Deals out of 1,904 listings starting at $4,800
Used Hyundai Santa Fe
67 Great Deals out of 1,544 listings starting at $4,400
Used Honda Pilot
48 Great Deals out of 1,197 listings starting at $4,495
Used Honda CR-V
89 Great Deals out of 3,819 listings starting at $1,995
Used Toyota Highlander
25 Great Deals out of 712 listings starting at $6,495
Used Ford Explorer
83 Great Deals out of 1,991 listings starting at $2,999
Used Toyota RAV4
79 Great Deals out of 2,040 listings starting at $3,499
Used Kia Sorento Hybrid
36 listings starting at $35,900
Used Chevrolet Traverse
32 Great Deals out of 707 listings starting at $4,950
Used Hyundai Palisade
25 Great Deals out of 1,029 listings starting at $133
Used Jeep Grand Cherokee
113 Great Deals out of 3,274 listings starting at $4,995
Used Nissan Pathfinder
42 Great Deals out of 1,410 listings starting at $4,333
Used Hyundai Tucson
82 Great Deals out of 2,174 listings starting at $1,591
Used Volkswagen Atlas
30 Great Deals out of 1,063 listings starting at $14,990

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.