Finance FAQ | Harlingen, TX

Finance FAQs | Harlingen, TX

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When you finance a new or used car, you might have questions. The Bert Ogden Harlingen Kia sales and finance staff will do our best to answer all questions during the process, but you can also browse some of these frequently asked questions below beforehand.

What is APR?

APR stands for annual percentage rate. This is the interest rate that is applied to your loan. As long as you are making payments on an outstanding loan, it will keep accruing interest.


How does my credit score affect my auto loan interest rate?

The higher your credit score, the lower (i.e. better) interest rate you will be able to earn.


How can I improve my credit score?

The easiest way to improve your credit score over time is to pay off all debts, use credit cards wisely, and pay your bills on time. Keeping a low credit utilization (in other words, having lots of available credit but not using it) also contributes to it.


How do I get an auto loan?

You can browse loan options yourself before purchasing your vehicle by visiting or calling different financial institutions. Most dealerships, including Bert Ogden Harlingen Kia, can typically offer the best interest rates because we speak with multiple financial institutions on your behalf.


Do I need to make a down payment to be approved for a loan?

While down payments are not always required, paying a down payment could improve your chances of securing financing, especially at a lower rate. Plus, the bigger down payment you make, the less you will have to borrow and pay interest on.


Can I refinance my loan?

If you are not happy with the interest rate you received when you purchased your car, you can potentially refinance. Many financial institutions will be happy to offer you a lower rate in exchange for your business.



When you’re ready to finance your next car, contact Bert Ogden Harlingen Kia. Our helpful sales and finance staff will guide you through the process.