Maintain Your Peace of Mind With Our 100% Online VIP Sales Experience.

Get Your New Car in 4 Easy Steps:

1. Choose Your Vehicle

2. Select Your Payment Options

3. Value Your Trade

4. Schedule Your Delivery

Buy From Home
Man Signing Paperwork

What Does it Mean to Finance a Car?

If it’s time to purchase a used or new car for your commute to Hannibal, MO, you can purchase it outright, lease it, or apply for financing. However, you may be wondering what car financing is and how it works. To help you understand the car financing process, the finance team at Shottenkirk Kia of Quincy has created this guide so you can enjoy a stress-free and well-informed car-buying experience. Read more about how car financing works with our team below, then read our car buying tips for more information on the car buying process.



How Car Finance Works

The first step to learning how car finance works with a new or used vehicle is to apply for a car loan through a dealership, a bank, or a credit union. Typically you can begin the credit application online, or you can apply for a loan in person. When you apply, lenders will look at a variety of factors, such as:

  • Credit Score
  • Loan Amount
  • Length of Loan
  • Debt-to-Income Ratio
  • Age of the Vehicle

If you know your credit score is low or you don’t have a strong credit history, consider asking a family member or close friend to cosign your loan.

Pick a Lender

If you are approved for a loan, you may have a few different lenders to choose from. If the dealership you’ve chosen offers in-house financing, you can compare their offer to your bank or a credit union’s offer to see which loan meets your budget. Review your finances and look at how much money you can put down, and how much your monthly payments will be to ensure you will be able to pay back the loan.

Finalize Your Loan Terms

When you’re ready to finalize your loan and buy a car, you may be able to negotiate the price. If this is the case, then you and the salesperson can go over the different offers and prices you’ve found for your chosen vehicle until you settle on a loan with an interest rate that works for you. After you finish negotiations, you can finalize the loan terms and close the deal. You’ll sign all the necessary paperwork, take delivery of the vehicle, and drive to your Keokuk, IA home in your new vehicle!

Learn More About the Car Buying Process with Shottenkirk Kia of Quincy

If you still have questions about how car financing works or what it means to finance a car, visit our Quincy showroom to sit down with our finance team. You can also read our car buying tips for more information on leasing vs. buying and how to buy a new car. Visit us today and soon you’ll be driving through Pittsfield in a new Kia!

More from Shottenkirk Kia of Quincy

  • 2021 Kia Telluride Interior

    What’s it like inside the Kia Telluride? Before you take an up-close tour of this luxurious SUV at Shottenkirk Kia of Quincy, check out some of the Kia Telluride interior features to see what you can expect and how you can make your drives through Hannibal, MO more comfortable and enjoyable. When you’ve taken a look at some of…

  • 2022 Kia Seltos Price & Trims

    The Kia Seltos cost starts out at $22,490 MSRP for 2022, but the price will vary from trim to trim. Learn about how the price changes for each trim and what you can expect from each of the Kia Seltos configurations with Shottenkirk Kia of Quincy. Then, swing by our dealership to get a closer look at the…

  • 2022 Kia K5 GT-Line

      The Kia K5 is a favored model of the Kia brand by many Hannibal, MO drivers. Of all the available configurations of the K5, the one that truly stands out is the Kia K5 GT-Line. Learn about some of the features and capabilities of the Kia K5 GT-Line with Shottenkirk Kia of Quincy, and visit our dealership to…

Saved Vehicles


You don't have any saved vehicles!

Look for this link on your favorites:


Once you've saved some vehicles, you can view them here at any time.

Contact Us


Call Now

1330 N 24th St • Quincy, IL 62301

Get Directions

Today's Hours:

Open Today! Sales: 8am-7pm

Open Today! Service: 8am-5pm

Open Today! Parts: 8am-5pm

Shottenkirk Kia of Quincy 39.947606, -91.377104.