Can I save money by refinancing my Kia Optima loan?
data last updated
July 12, 2022
Refinance with Caribou and save!
Our customers save an average of over $100/month* on their car payments. These savings can add up quickly over the life of the auto loan. Apply today to see if you qualify for a lower monthly payment on your Kia Optima.
We work with trusted local and community lenders to bring you competitive rates as low as 2.32% APR**
Average savings for a Kia Optima
Average monthly savings:
Average total savings:
* Your actual savings may vary
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How it works
How to refinance your Kia Optima loan
A step by step guide to our process
Did you get your financing from the dealership?
The initial financing on your Kia Optima frequently comes from the dealership where you initially purchased your car. Automotive refinancing can be a great way to improve terms on your car loan. This is also an opportunity to remove or include add-on products like guaranteed asset protection or GAP coverage, vehicle service packages, or extended warranties. If you no longer need one or more of these items you can cancel them and that reimbursement might be applied to the principle of your car loan or you could get cash back.
You might think that you have actually received a good deal when you financed your Kia Optima with the car dealership. However, contact us to see if refinancing can save you cash. We partner with trusted regional and community lenders to bring you competitive rates. Our customers save an average of over $100/month * on their car payments with rates as low as 2.32 APR **.
Refinancing your Kia Optima
Refinancing your Kia Optima can help you save money every month. The refinancing process negotiates a new loan for your Kia Optima. You can take advantage of this by essentially altering the rate of interest, term, and adding or removing extra products like guaranteed asset protection or GAP protection, vehicle service packages, or extended warranties.
Participating lenders offer refinancing choices based on your credit history, salary, and other variables. Depending on your circumstance as well as credit rating, you may be pre-approved for a particular Kia Optima refinance amount which can help you budget beforehand. You can make use of our auto refinance calculator to compare loan rates and estimate your savings.