Decide How to Pay
Decide How to Pay
Step 2 of 4
Once you’ve picked a Kia, the next step is deciding how to pay for it. Scarboro Kia supports three main paths: paying cash, financing through the dealership, or leasing. Sometimes, how you prefer to pay can lead you towards a vehicle you may have thought out of sight. Our expert team can explain the ins and outs of every finance option you have at your disposal.
Paying Cash
Paying cash means you own your Kia outright from day one, with no monthly loan payments or interest charges. This route works well if you’d rather skip financing altogether and keep things simple. Our team can still walk you through pricing, applicable fees, and paperwork every step of the way.
Financing Your Kia
Financing spreads the cost of your Kia over a set term, with regular payments that build ownership as you go.
- You choose a down payment and a term length that fits your budget.
- We provide estimated monthly payment figures based on price, term, and applicable rates and fees.
- Once the term ends and any remaining balance is paid off, the Kia is yours outright.
Our finance team explains each step in plain language and welcomes every question, no matter how basic it may seem. If your credit history is less than perfect, our second‑chance financing program can help you find a path forward. Whatever your budget or circumstances, we can tailor a finance package to suit your needs.
Leasing Your Kia
Leasing often means lower monthly payments than financing, in exchange for mileage and condition limits. Think of it as a long‑term rental, backed by Kia’s full manufacturer coverage throughout the term. Leasing could allow you to drive away in a vehicle you may have considered out of reach.
You pay for the portion of the vehicle’s value you use, not the full purchase price. At the end of the lease, you can return the vehicle, explore other options, or ask about buying it outright. Some leases can start with a low or even no deposit, and there is no balloon payment due at the end of the agreement.
We will review mileage limits and condition guidelines with you before you sign anything. It is important that you set your lease at the right mileage and term you need. Our team will guide you through the whole leasing process.
Trading In Your Current Vehicle
If you are replacing a vehicle you already own, a trade‑in can reduce what you finance or lease. We will assess your current vehicle’s condition, mileage, and market value, then apply that amount toward your new Kia. This step can happen entirely online through our trade‑in tool, or in person during your visit.
Support for Every Buyer
Not every buyer’s situation looks the same, and our finance office is built around that reality. If you’re buying for the first time, new to Canada, or working through credit questions, we’re here to help. We’ll walk you through your options step by step.
Want Figures for a Specific Vehicle?
Our finance team can walk through payments, terms, and trade‑in values with you. Call (866) 522-3645 or visit us at 2592 Eglinton Ave E, Scarborough, ON M1K 2R5.
Continue the Guide
Step 1Choose Your KiaNew, used, and Kia Certified Pre-Owned — and how to match a model to the way you actually drive.Read this step
Step 3Driving in OntarioLicence, insurance, registration, and plates — what Ontario expects, and what we handle with you.Read this step
Step 4Protect Your KiaWarranty coverage, the maintenance that keeps it valid, and the protection plans available through Kia Protect.Read this step