First automotive secured loan or credit transaction. *First Time Buyer means
applicant has no previous automotive secured loan/credit tradeline on
his/her credit report.
• Minimum six months on current job or qualified co-buyer.
• Up to 72 months maximum term.
• Minimum of $1,000 total down payment required (Total down payment may
include rebate cash).
• No adverse credit history. No bankruptcies, foreclosures, repossessions,
collection accounts, charge-offs, tax liens, judgments, or any other
• Verifiable (paystub, W-2, etc.) monthly income sufficient to cover vehicle
payment, ordinary living expenses, and all currently outstanding debt, if any.
• Payment to applicant’s gross income from primary job cannot exceed 15%.
• Total monthly debt to monthly income ratio of 50% or less. Total monthly
debt includes, if applicable: monthly vehicle payment, monthly rent or
mortgage payments, other monthly payment obligations (installment loans,
revolving loans, alimony or support payment, etc).
• Subject to additional KMF credit guidelines.
New and untitled 2011 and 2010 Forte, Forte Koup, Soul and Rio vehicles,
including demonstrators and Service Loaner vehicles with less than 6,000 miles.