Learn more about KoraDrive vehicle requirements and which dealerships we work with.
What are the vehicle requirements?
For KoraDrive, your car must meet the following criteria:
- Must be a passenger vehicle for private use
- No severe accident record on Carfax
- Less than 9 model years old (E.g. If the latest model is 2023 Toyota Camry, eligible Toyota Camry models are 2014 to 2023)
- Less than 90k miles
- Vehicles from licensed dealerships only. Kora doesn't finance private transactions.
What kind of dealerships can I work with?
You can work with any dealership within our covered states. We’ll also accept online car dealers like Carvana.
What happens if the car I originally applied for is no longer available?
No problem. Send us an email at underwriting@koramoney.com with the new vehicle’s VIN, mileage, and purchase price so we can update your loan terms. With a change in vehicle, it’s possible that your loan terms will change as well.
What does the third-party value of my vehicle mean?
We derive the value of vehicles from a variety of third party sources that use market data so that we have consistency in structuring our loans. This is often referred to as “book value” and is used to help us ensure that you are paying a fair market price for your new car.
Can I finance a motorcycle with KoraDrive?
Currently, Kora can only finance cars.