Is kia motor finance the same as Hyundai motor finance?

Kia Motor Finance and Hyundai Motor Finance are two significant players in the world of auto financing, each closely associated with their respective South Korean automotive companies, Kia Motors and Hyundai Motor America. While they share common origins, it’s essential to understand that they are distinct entities with unique features and financing options. In this article, we’ll explore the differences between Kia Motor Finance and Hyundai Motor Finance, highlighting key distinctions in a tabular format.

Table: Key Differences Between Kia Motor Finance and Hyundai Motor Finance

Feature Kia Motor Finance Hyundai Motor Finance
Vehicle brands financed Kia Hyundai
Loan terms 12 to 72 months 12 to 84 months
Interest rates Competitive Competitive
Eligibility requirements Varies based on credit score, income, and other factors Varies based on credit score, income, and other factors


In general, both Kia Motor Finance and Hyundai Motor Finance provide competitive financing options tailored to Kia and Hyundai vehicles, respectively. It’s essential to compare their rates and terms before making a choice, as one may offer more favorable terms for your specific situation.

Which auto financing company should you select? The decision largely depends on your unique needs and qualifications. If you’re in the market for a Kia or Hyundai vehicle, both Kia Motor Finance and Hyundai Motor Finance present viable choices.

Here are several factors to consider when deciding on an auto financing company:

  1. Interest Rates: It’s wise to compare the interest rates offered by different lenders. Even a slight variance in interest rates can significantly impact the overall cost of your loan.
  2. Loan Terms: Think about how long you’d like to take to repay your loan. Shorter loan terms result in higher monthly payments but lower overall interest costs, while longer terms provide lower monthly payments but may result in higher overall interest payments.
  3. Eligibility Requirements: Assess the eligibility criteria of various lenders to ensure you meet the necessary qualifications. Keep in mind that some lenders may have stricter requirements than others.
  4. Customer Service Reviews: Reading reviews from other borrowers can offer insights into the customer service reputation of different lenders, helping you gauge their reliability and support.

Before you embark on your car shopping journey, it’s a smart move to get pre-approved for a loan. This pre-approval will provide you with a clear understanding of your borrowing capacity and expected monthly payments, enabling you to shop for a vehicle within your budget.

Now, let’s delve deeper into these key differences:

Parent Company: Kia Motor Finance is under the umbrella of Kia Motors, while Hyundai Motor Finance is associated with Hyundai Motor America. Both are well-known South Korean automotive companies, but they maintain their financial divisions independently.

Range of Vehicles Financed: Kia Motor Finance primarily finances Kia vehicles, and Hyundai Motor Finance focuses on Hyundai vehicles. Each provides financing options tailored to their specific vehicle lineup.

Vehicle Financing Options: Both financing divisions offer similar financing options, including lease, loan, and retail financing for their respective brands.

Available Financing Terms: The terms for financing can vary depending on the location for Kia Motor Finance, while Hyundai Motor Finance typically offers terms ranging from 36 to 72 months.

Special Financing Offers: Special promotions and offers may differ between the two financing divisions. Both often provide incentives to attract customers, but the specifics can vary.

Online Account Management: Kia Motor Finance offers account management through “My Kia” accounts, while Hyundai Motor Finance provides a similar service through “MyHyundai” accounts.

Credit Score Requirements: Credit score requirements can vary, but typically, both financing divisions expect applicants to have good credit for favorable terms.

Flexibility with Late Payments: Kia Motor Finance offers a grace period of 7 to 15 days for late payments. Hyundai Motor Finance also offers grace periods and has adapted policies during the COVID-19 pandemic to support their customers.

Customer Reviews and Ratings: Customer reviews and ratings for both financing divisions can vary. However, both generally have a positive reputation in the industry.

Customer Service and Support: For customer service and support, Kia Motor Finance is linked to Kia Motors’ customer service, while Hyundai Motor Finance is associated with Hyundai Motor America’s customer service.

Special Financing Divisions: Kia Motor Finance operates under the Kia Motors Credit Line, and Hyundai Motor Finance falls under Hyundai Motor Finance.

In summary, while Kia Motor Finance and Hyundai Motor Finance are related to South Korean automotive giants, they have distinct features and financing options tailored to their respective vehicle brands. Understanding these key differences is crucial when choosing the right financing option for your next Kia or Hyundai vehicle. It’s advisable to contact the specific financing division for the most accurate and up-to-date information on their offerings.