Sales 855-232-0859 Service 833-656-0468 Parts 833-656-0467 SERVICE MAP CONTACT NEW USED SPECIALS FINANCE SERVICE & PARTS RESEARCH ABOUT HOW LATE CAN YOU BE ON A CAR PAYMENT? Oct 8, 2021 When you buy a new or used car, you rarely pay for the entire purchase in cash: most people visit their dealer’s finance department, where they work out terms for a loan with recurring, monthly payments to pay down the balance. Like any loan, if you’re unwilling or unable to pay the monthly payments, you’ll eventually go into default on the loan; since vehicle loans are secured, that means your car can get repossessed. However, most loan providers will give you a grace period to pay down a loan, even if you’re late on a payment. Just how long you have to make a late payment depends on the type of loan you have, the loan agreement you signed, and even the laws of your state. Here, we’ll discuss the general terms of most car loan agreements, but be sure to read your own paperwork to know your full situation. WHEN IS A CAR PAYMENT CONSIDERED LATE? Most auto loans have a 10 day grace period on payments, meaning you can make a payment within 10 days of the agreed-upon monthly due date without the payment being considered late. Once payment is “late,” it can accrue fees and eventually be reported to credit bureaus, so you’ll want to avoid that designation if you can. Of course, like everything else, the grace period depends on the lender. Make sure to read your loan paperwork if you think you’re going to be late on a payment, or need a little extra time to pay! While you’ll be charged a late fee if your payment arrives after the grace period, you can (and should!) still pay the payment as soon as you can. Typically, auto lenders will wait 30 days before reporting a late payment to credit bureaus like Experian, Equifax, and TransUnion, and a little bit after that, your debt might be in default. WHAT HAPPENS IF I DEFAULT ON MY CAR LOAN? If you miss too many payments, your car loan will fall into default, which means you’ll begin getting calls from collection agencies, your credit score will be negatively affected, and after long enough, your car could be repossessed. Here’s the thing though – the loan provider doesn’t want you to default on your loan either. They’d much rather have the money they’re owed than a repossessed car. If you’ve defaulted or think you’re in danger of defaulting on your car loan, call your dealership to try and work out a payment plan. More often than not, something can be arranged. GET GREAT RATES ON NEW AND USED VEHICLES NEAR ORLANDO When you’re ready to buy a new or used Kia car, truck, or SUV in the Orlando, Leesburg, or Fruitland Park areas, come see us at Bill Bryan Kia! Our loan officers are standing by to give you a great rate on a new or new-to-you automobile, even if your credit is less than perfect. Give us a call, come visit us, or get pre-approved for a car loan today! Posted in Uncategorized | No Comments » 10 BEST THINGS TO DO A SHORT DRIVE FROM LEESBURG, FL IN YOUR KIA SUV Aug 20, 2021 Though it’s a small town deep in the heart of Florida, Leesburg has much more to see and do than meets the eye. It’s right on the shores of two of Florida’s most beautiful lakes, and it’s a short drive from both Florida coasts and most of the major tourist destinations in the state! Let’s take a look at all the best things to do in our great city. Read the rest of this entry » Posted in Uncategorized | No Comments » BEST KIA SUVS FOR FAMILIES IN LEESBURG Aug 20, 2021 Families in Leesburg, Orlando, The Villages, and Clermont have trusted the KIA brand for many years to provide safe, convenient, and comfortable SUV choices. At Bill Bryan KIA our SUV lineup includes a selection of crossovers, midsize, and full-size SUVs. Our lineup includes the KIA Soul, KIA Niro, KIA Seltos, KIA Sorento, KIA Sportage, and KIA Telluride. Read the rest of this entry » Posted in Uncategorized | No Comments » WHAT DO THE DASHBOARD LIGHTS ON MY KIA MEAN? Aug 20, 2021 When one of the dashboard indicator lights comes on in your Kia, it is easy to begin to panic. At Bill Bryan Kia, we’re here to help you get over that worry. Your dashboard indicator lights can come on for a variety of reasons, some of which may be a little confusing to understand. Read below to find out the meaning of some of the most common dashboard indicator lights. Read the rest of this entry » Posted in Uncategorized | No Comments » WHY THE 2021 SPORTAGE IS GREAT FOR LEESBURG FAMILIES Aug 20, 2021 The 2021 Kia Sportage is an amazing choice for families in Leesburg for several reasons. With numerous safety features, you’ll be more confident than ever when you drive on the road with your most precious cargo. The interior features will keep everyone entertained and comfortable, while the exterior design and power get you where you want to go in style! Read the rest of this entry » Posted in Uncategorized | No Comments » 5 REASONS YOU NEED THE 2021 TELLURIDE Aug 20, 2021 Once the 2021 Kia Telluride took home Best-In-Show by Cars.com, it was clear that this is an SUV you need to pay attention to. There are countless features that impressed the experts at the 2019 Detroit Auto Show and you will fall for it as quickly as they did. Here are five great reasons you should consider this exciting new SUV. Read the rest of this entry » Posted in Uncategorized | No Comments » WHAT ARE THE ADVANTAGES OF PURCHASING A USED CAR? Aug 6, 2020 If you are in the market for a used car, then you probably have a lot of questions and concerns. When done correctly, buying a quality used vehicle can be a wise purchase and a great investment. If you end up purchasing a poor-quality used car, however, the result could be a financial catastrophe. Read the rest of this entry » Posted in Uncategorized | 1 Comment » CONNECT WITH US RECENT BLOG ENTRIES How Late Can You Be on a Car Payment? 10 Best things to do a short drive from Leesburg, FL in your Kia SUV Best KIA SUVs for Families in Leesburg What Do The Dashboard Lights on My Kia Mean? Why the 2021 Sportage is Great for Leesburg Families CATEGORIES Bill Bryan Kia Service Leesburg Kia Dealer Leesburg Kia Service Leesburg Used Cars Warranties include 10-year/100,000-mile powertrain and 5-year/60,000-mile basic. 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