| Loan amount | Down payment | APR starts at |
|---|---|---|
| $N/A | N/A† |
Car price from $5,000 to $3,000,000*
Represented as a percentage, the cost of borrowing money from Kora averaged over the term of the loan (in years).
Yes, all customers are required to purchase auto insurance with collision and comprehensive packages. You are more than welcome to contact our customer service representatives or dealers for suggestions.
Also known as soft pull, this occurs when a person or company checks your credit as part of a background check.
A transaction that occurs when Kora releases loan funds.
You can go to any dealership within our covered states (see our State Coverage
) and apply for KoraDrive. All you need to do is fill out the online application (see Apply now) and we will get in touch with you regarding the following steps.
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Yes, you can. Kora finances any used car with a clean title, model year of 2013 or later and mileage of 70k or less.
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Yes. For a loan amount under $30,000, Kora requires the down payment to be at least 25% of your pre-tax car price. For a loan amount over $30,000, the down payment is 35% of your pre-tax car price.
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Upon approval, you need to sign a purchase agreement with the dealer and upload it through your Kora account. After you sign your loan agreement, you will need to send us or upload your insurance binder and set up your loan repayment method on Kora. The loan proceeds will then be wired to your designated dealer as soon as the next business day. This whole process usually takes 2-3 business days.
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You will make the down payment at the dealership. Cash, cashier’s check or wire transfer are generally accepted at dealerships. Please contact your dealership for details.
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Yes. For a loan amount under $30,000, Kora requires the down payment to be at least 25% of your pre-tax car price. For a loan amount over $30,000, the down payment is 35% of your pre-tax car price.
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Kora currently can only finance cars from licensed auto dealerships.
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Yes, all customers are required to purchase auto insurance with collision and comprehensive packages. You are more than welcome to contact our customer service representatives or dealers for suggestions.
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* State restrictions may apply.
† To qualify for the lowest rates, you must have a responsible financial history and meet other conditions. See APR examples.
‡ To check the rates and terms you qualify for, a soft credit inquiry that will not affect your credit score will be conducted.
