AUTO

New 0% Financing and $7,500 Rebate for the 2024 Kia EV9: Which Deal is Right for You?

March 8, 2024

Kia offers 0% financing for the 2024 Kia EV9 for up to 48 months, potentially saving buyers around $3,000.
There’s a $7,500 rebate on the EV9’s MSRP, but it can’t be combined with the 0% APR deal.
Alternative financing includes a 60-month loan at 1.49% APR and a 72-month loan at 2.99% APR, providing further savings.

Kia has just announced their first 0% financing deal on the 2024 Kia EV9, marking a pivotal step for this increasingly popular electric 3 row SUV . In the first six months of 2024 alone, 9,671 units have been sold, firmly establishing the Kia EV9 as one of the most sought-after EV models on the market. This impressive sales performance is a testament to the EV9’s innovative features, including its impressive range, spacious 3-row seating, and advanced technology.

0% financing for up to 48 months (4 years). Sounds like a steal, right? According to Kia’s incentive bulletin, this offer could save buyers around $3,000 compared to previous months. The 2024 Kia EV9 Light RWD model and trim is priced at just under $55,000. That’s a significant cut, translating into real savings over the life of your loan. Plus, it’s the first time Kia has rolled out such a tempting offer for their newest EV.

While this deal is undeniably attractive, it’s not the only option on the table.

I also found inventory on the Kia website for a 2024 EV9 Light Long Range RWD with a lease offer of $399/month for 24 months (2 years), and a 2024 EV9 Wind AWD trim at $449/month for 24 months. And even the 72-month finance option has dropped to 2.99% APR from 3.99%. However, the 75-84-month financing sees only a minor dip, down to 5.25% from 5.75%.

So, if you’re thinking about spreading out your payments, these options still provide notable savings.

Here’s where things get interesting. Kia is also offering a $7,500 rebate on the EV9’s MSRP since it’s not eligible for the point-of-sale federal tax credit. That’s a hefty chunk of change, whether you’re buying or leasing. But there’s a catch – you can’t combine the 0% APR with the $7,500 rebate.

This brings us to a classic dilemma: upfront savings versus long-term benefits.

Let’s break it down. For a $55,000 Kia EV9, a 0% APR over four years saves you about $3,100 in interest. But if you opt for the $7,500 rebate, you’re looking at immediate savings. So which is better?

If you qualify for the 0% APR, that’s fantastic. But if your credit isn’t perfect, and you end up with a rate above 6.5%, the rebate might actually save you more money. It’s all about finding the right balance for your financial situation.

Benefits of Electric Cars for Two-Car Families - Kia EV9 electric SUV at Electrify Expo

So, what’s the best move? Sit down with a Kia dealer and go through all your options. They can help you understand the nitty-gritty details and figure out which deal makes the most sense for you. Whether you’re eyeing the 2024 Kia EV9 for its impressive range, luxury features, or because it’s one of the best 3-row SUVs out there, make sure you get the best bang for your buck.

Beyond the financing deals and rebates, remember why the Kia EV9 is such a compelling choice. The range is impressive, making it perfect for long drives with the family. Plus, with 3-row seating, it’s one of the top luxury 3-row SUVs on the market today.

In the end, the choice between 0% financing and a $7,500 rebate comes down to your personal financial situation and how you plan to use your new 2024 Kia EV9. Both options have their perks, and either way, you’re driving away in a fantastic vehicle that’s paving the way for the future of electric SUVs.