How to Finance a Hyundai
Whether you are looking for a new or used Hyundai, there are many ways to finance it. You can refinance your current loan or take advantage of a low 0% APR offer.
First responders may qualify for a $500 bonus toward a new Hyundai
Several Hyundai dealers have a $500 First Responders Bonus that is available to qualified personnel. To qualify, you must purchase or lease a qualifying new Hyundai vehicle from an authorized dealer. To take advantage of the offer, you must sign a contract by September 30, 2021. Aside from the cash incentive, you will also be eligible for a free car wash and loaner vehicle for up to 24 hours. The reward is a small token of gratitude from Hyundai.
The aforementioned $500 First Responders Bonus is the gander, but you can’t help but wonder if Hyundai could’ve done better. The company has a number of interesting offerings, including several hybrid models. The most impressive of these is the Hyundai Velocity, a new SUV in the sexiest shade of blue. The vehicle offers class-leading performance and occupant safety ratings. The upscaled version, the Velocity SV, features all-wheel drive, a sporty chassis, and a sporty trim level. In addition to its Velocity model, the Hyundai dealer also has a handful of electric vehicles, including the Hyundai Ioniq, which is arguably the most technologically advanced SUV in its class. Lastly, the company offers a number of unique financing and leasing options, including the Hyundai Motor Finance & Leasing Program.
The aforementioned $500 First Responders Prize is only available for a limited time, but it’s worth a visit to your local Hyundai dealer to see if you’re eligible.
Low 0% APR offers
Whether you’re looking to finance a new Hyundai or are looking to refinance a current car, Hyundai motor finance offers low 0% APR deals for qualified applicants. In order to apply for a loan, you’ll need to provide your personal information, show proof of citizenship and submit a recent pay stub.
In the event that you’ve lost your job, Hyundai’s Assurance program will cover six months of payments. Additionally, the automaker has a program that will allow you to defer payments for up to 120 days.
In addition to offering low 0% APR, Hyundai also has other incentives available. For example, they offer rebates that can range from $500 to $1,500. These are usually given out over a number of years, but they can save you a lot of money.
Among the best deals are ones for new purchases. You may be eligible to get up to $15,000 in cash back on the 2022 Hyundai Nexo Hydrogen. You can save even more on fuel-efficient cars like the Veloster N, a three-door hatchback that is fun to drive.
Another type of financing option is leasing. This allows you to get a lower monthly payment, and you can often turn in the car at the end of the lease. However, you are limited on how much you can drive and on the wear and tear of the vehicle.
Refinancing your loan
Whether you’re buying a new or used car, you can refinance your Hyundai motor finance loan to get a lower monthly payment and a more affordable interest rate. This can help you pay off your vehicle more quickly, which can save you money over time.
You can use a lender online, at a dealership, or through your bank. You can also refinance your auto loan after the first 18 payments. However, be sure to check your credit score before doing so. If your credit is poor, refinancing may be less beneficial. You can still lower your monthly payment by enrolling in an autopay plan, which allows you to automatically pay the loan every month.
You can find a list of the requirements for Hyundai motor finance loans on the company’s website. Be sure to compare offers from several lenders to find the best deal.
One thing to remember is that the longer the loan term, the higher your interest. You can choose a shorter loan term to pay less in interest, but you’ll have to make bigger payments.
You can find Hyundai motor finance loan rates and terms online, or at your local Hyundai dealership. These rates are based on the type of car you’re purchasing, your credit score, and the place you live.