Hyundai Financing

It can be hard to pass up Hyundai financing deals when shopping for a new car. Hyundai's deals usually include interest rates as low as 0% APR for 60 months and other bonuses and discounts. However, not all may be eligible for the 0% APR. It could be different for different models and will be based on your credit score.

Hyundai Financing Options

Buying a Hyundai

Hyundai Motor Finance offers loans for both new and used cars and certified pre-owned cars. Refinancing is not currently on the plate. The average interest rates for a new or used Hyundai model can vary based on factors like loan term, down payment, and creditworthiness of the applicant.

If you are buying your Hyundai, then the finance contract can be anywhere between 24 to 72 months and the interest rate will vary based on the model.

Leasing a Hyundai

Hyundai has special financing options for people who want to buy or lease a car. The best lease deals require a certain amount of money as a down payment. The average Hyundai lease covers between 12,000 and 15,000 miles per year. Although, you can buy extra miles upfront if you think you'll exceed the limit. Hyundai usually has lease terms between 24 and 48 months.

Hyundai offers and rebates

Hyundai's offer of 0% APR may catch your eye, but the lender isn't telling you what your credit score needs to be to get this good deal. Borrowers with scores below 600 may pay up to 16% to 20% APR, and scores above 780 are usually needed to get the best rates. In addition, the rates can vary with respective ZIP codes as well.

Local Hyundai dealers have special loan options for people with bad credit or participate in Hyundai's Fresh Start Program for people with low credit scores. Hyundai also lets people apply together if they need help meeting the requirements. Here are a few other things to think about before you apply:

• Some Hyundai dealerships charge fees that are close to $1,000.
• Borrowers can see their FICO scores for free, usually updated every 90 days.
• You can set up a test drive at your home or somewhere convenient.

Hyundai's best deal is 0% APR for 36 months, but not everyone can take advantage of it. Most of the time, only people with good credit can get low APR deals, which only apply to certain model years. If you are looking for other ways to save money on financing a Hyundai, to check your eligiblity for one of the following:

• Up to $1,000 can be paid back for equipment that helps with mobility.
• Active Duty, Reservist/National Guard, Veteran, and Retired U.S. Military Personnel can get a $500 discount when they buy or lease a new car.
• First responders can save $500 when they buy or lease a new car.
• College graduates who have graduated in the last two years or will be graduating in the next six months get a $400 discount on buying or leasing a new car.

If you want to purchase a used car, a Hyundai that has been "Certified Pre-owned" (CPO) could be great. The following are included with every CPO car:

• 173-point check-up
• Powertrain warranty for 10 years and 100,000 miles
• Roadside assistance for 10 years and unlimited miles
• Free report from CARFAX
• Plus, qualified borrowers could get a Hyundai-certified pre-owned vehicle with an APR as low as 0.9% for 36 months.

Pros and cons of Hyundai Financing

Best Hyundai lease deals

Best Hyundai financing deals

How to apply for Hyundai financing

Applying for a loan from Hyundai Motor Finance only takes a minute or two. Here's how things work online:

• Visit HyundaiUSA.com.
• Choose your car and trim.
• You will be matched with a local dealer, but you can change this at the top of the page.
• Give your name, address, phone number, and Social Security number.
• Enter information about your job, including your annual salary.
• Look over your application and send it in.

You'll know within minutes what Hyundai's decision is, and if you're approved, you'll get a certificate that's good for 30 days at the Hyundai dealership you chose on your application.