Which would you get a used 13/14 Gs350 or brand new Kia Cadenza
04-07-15, 03:19 AM
#16
These were at the NY Autoshow I must say they looked ok, I'm a brand snob so I probably wouldn't get it but I can't say they look that ugly they have come a long way and credit is due to them for there hard work. In terms of your situation you sound like me the badge is hard to agree with. As others have stated I would wait or lease one.
Last edited by bigblack06; 04-07-15 at 03:23 PM.
04-07-15, 05:13 AM
#17
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Im a bit confused on exactly what it is you are saying but from what I have gathered you have $20k down and a 740 score. With this, you should be able to get much better than a 6.9 APR.. FWIW, I'm 22 w/ a score similar to yours and recently financed a 2010 for 72/mo @ just over 3.5. Have you tried going through your bank/credit union for an auto loan?
You say you went from 0 to 740 and can only show 8 months of credit. Are you continuing to build your credit or is this a CC or something you financed and paid off in 8 months? From my experience your score obviously has an impact on your situation but payment history and several lines of credit are also key factors. If you don't have anything that is currently building your credit, maybe put all your fuel on a gas card or a CC and pay it in full monthly. This will help you show a positive payment history with a decent monthly amount.
The Cadenza is a nice car for the money but can't compete with the GS. Also, trade/resale value for Kia is horrible and the Cadenza has received quite a few negative reviews for the "intrusive" headrests. If I was in your position, I would keep my current car until I found a 4GS that worked.
Best of luck!
You say you went from 0 to 740 and can only show 8 months of credit. Are you continuing to build your credit or is this a CC or something you financed and paid off in 8 months? From my experience your score obviously has an impact on your situation but payment history and several lines of credit are also key factors. If you don't have anything that is currently building your credit, maybe put all your fuel on a gas card or a CC and pay it in full monthly. This will help you show a positive payment history with a decent monthly amount.
The Cadenza is a nice car for the money but can't compete with the GS. Also, trade/resale value for Kia is horrible and the Cadenza has received quite a few negative reviews for the "intrusive" headrests. If I was in your position, I would keep my current car until I found a 4GS that worked.
Best of luck!
Last edited by CSTU93; 04-07-15 at 05:39 AM.
04-07-15, 05:17 AM
#18
I'm a new car guy, so I would go that route. I would also shop the interest rate a lot more. That sounds very high and I seriously question the reasoning. I got 1.9 four months ago . I do have outstanding credit, but I'm finding a rat three times higher at your level hard to imagine unless we don't know all the facts. You also should be able to get a lower rate on a new car using the mfrs financing. I don't recall how many months you are going, ht at can be a factor.
04-07-15, 05:34 AM
#19
Instructor
Credit score means nothing if he only has 8 months worth of credit history to show for. A person with a credit score of 710 / 5 years history will always get better interest rate than another man with 850 / 1 year history.
To the banks eyes he is still too risky to loan out money to.
What he needs is someone with ga great crdit score and LONG credit history Co-sign for him to buy the car. Them in 5 years if he makes every payment on time his credit will be much better and his interest rate will not be that high maby 3% depends on his cosigner.
To the banks eyes he is still too risky to loan out money to.
What he needs is someone with ga great crdit score and LONG credit history Co-sign for him to buy the car. Them in 5 years if he makes every payment on time his credit will be much better and his interest rate will not be that high maby 3% depends on his cosigner.
04-07-15, 07:55 AM
#20
04-07-15, 08:17 AM
#21
OMG... sorry for being a bad guy but I would never compare KIA to Lexus, two different planets in our universe! I think you are the first one who brought KIA to this forum 
http://www.autoguide.com/car-compari...-350-3603.html
http://www.autoguide.com/car-compari...-350-3603.html
04-07-15, 01:03 PM
#23
Credit score means nothing if he only has 8 months worth of credit history to show for. A person with a credit score of 710 / 5 years history will always get better interest rate than another man with 850 / 1 year history.
To the banks eyes he is still too risky to loan out money to.
What he needs is someone with ga great crdit score and LONG credit history Co-sign for him to buy the car. Them in 5 years if he makes every payment on time his credit will be much better and his interest rate will not be that high maby 3% depends on his cosigner.
To the banks eyes he is still too risky to loan out money to.
What he needs is someone with ga great crdit score and LONG credit history Co-sign for him to buy the car. Them in 5 years if he makes every payment on time his credit will be much better and his interest rate will not be that high maby 3% depends on his cosigner.
04-07-15, 02:45 PM
#24
Just drive both and listen when you close both doors. You will make your decision very quick. Also the interest rate is very high just lease it and get the special tier 1 plus since you qualify no brainer. All you need is to prove your income/residence and have enough income to qualify for the payment. Usually 15% or less and your good to go. You also have a great down payment. I am a finance director for Toyota and your a deal all day long tier 1 plus.
04-07-15, 03:27 PM
#26
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Don't get a Kia
The brand of car tells others how smart and through you are when making an important decision. Your decision might dictate who actually goes out with you or if you will remain in your current relationship. Picture your significant other mad at you because the Kia broke down, or your future spouse making decisions in dating you or not. I would rather drive a 2000 Camry, or 1990's lexus then a brand that is not top reliability rated. ny wife loves Mercedes, but I love her too much to let her drive one. I don't want her stranded and I don't want her to spend all her time at the dealer. Hope it helps. Every decision you make affects your future, including credit decisions. Good luck.
04-07-15, 04:21 PM
#28
Just drive both and listen when you close both doors. You will make your decision very quick. Also the interest rate is very high just lease it and get the special tier 1 plus since you qualify no brainer. All you need is to prove your income/residence and have enough income to qualify for the payment. Usually 15% or less and your good to go. You also have a great down payment. I am a finance director for Toyota and your a deal all day long tier 1 plus.
04-07-15, 04:30 PM
#30
