How to finance a Hyundai | finder.com
ufpl-hyundai-featured-image

How to finance a Hyundai

We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money from our partners.

With a variety of special car-buyer programs, you may be able to save on a new model.

Korean car manufacturer Hyundai has been offering a popular lineup of sedans, hatchbacks and SUVs since 1986. Its generous warranties and midrange costs make it a solid choice for many buyers. And if you’re looking to get cash back or score a discount, Hyundai has many car-buyer programs to help you save.

car.Loan.com Car Loans

car.Loan.com Car Loans

Get matched with a local car dealership to finance your car purchase. Bad credit, no credit OK

  • Specializing in 'buy here, pay here' car loans. No banks or credit unions.
  • Typically hear back from a rep within 24 hours.
  • Free loan-matching service. No obligation offers.

    How can I finance a Hyundai?

    When you’re ready to buy a new or used Hyundai, there are multiple financing avenues to choose from.

    Car loan or personal loan

    If you’re looking for the cheapest option, you might want to consider taking out a car loan from a bank, credit union or online lender. While this process is more involved than financing through a dealer, you might be able to score more competitive rates and terms. Another option is taking out a personal loan, though this will likely cost more since your loan won’t be secured by the car you’re buying.

    Hyundai dealership financing and leasing

    If speed is your main concern, then you might want to finance directly through Hyundai Motor Financing. Authorized Hyundai dealers often offer special deals depending on where you live and the model you’re interested in buying. In the past, offers included 0% financing for five years on a 2018 Accent and $3,000 cash back on a 2018 Elantra.*

    You also have the option to lease a new car through Hyundai Motor Financing. With leasing, you drive the car for a certain number of years and miles. At the end of your term, you either return your car or buy out the lease. Past offers included leasing a 2018 Tucson for three years for only $199 a month after a $1,899 down payment.*

    Your local dealership may also have its own special promotions. The rates and terms you qualify for will depend on your creditworthiness and personal financial situation.

    *Rates as of November 16, 2018.

    Compare car loans to finance a Hyundai

    Rates last updated December 16th, 2018

    Reveal your potential loan offers and rates

    Answer two quick questions to filter the loan offers and get the best one for you.

    Select your credit score range

    I don't know my credit score

    Finally, select where you live.

    To get your credit score:

    Experian logo

    Experian is a leading provider of personal and business credit reporting. Find out your FICO score now for less than the cost of a cup of coffee.

    Unfortunately, none of the personal loan providers offer loans for that credit score. If you are in urgent need of a small loan, you might want to consider a short term loan.
    Name Product Product Description Min. Credit Score Term of Loan Requirements
    car.Loan.com Car Loans
    Apply with a simple online application to get paired with a local auto lender. No credit and bad credit accepted.
    300
    Varies by lender
    Must be a US citizen with a current US address and employed full-time or have guaranteed fixed income.
    Auto Credit Express Car Loans
    Get connected with an auto lender near you, even if you have bad credit.
    300
    Typically 3 to 6 years
    Must be employed full-time or have guaranteed fixed income of at least $1,500/month and be a current resident of the US or Canada.
    LightStream Auto Loans
    Quick car loans from $5,000 to $100,000 with competitive rates for borrowers with strong credit.
    Good to excellent credit
    Flexible terms
    Good or excellent credit, enough income or assets to afford a new loan, US citizen or permanent resident, 18+ years old
    RateGenius Auto Loan Refinance
    Connect with a network of over 150 lenders to refinance your car loan.
    510
    Varies
    Income of $2,000+/month, vehicle has less than 150,000 miles and is no older than 8 years, loan balance is between $10,000 and $100,000, debt-to-income ratio is less than 50%
    LendingClub Auto Refinancing
    Lower your monthly car payments and save on interest through a fast and easy online application process.
    Fair or better credit
    Minimum of 2 years
    Car must be less than 10 years old with fewer than 120,000 miles. Current loan must have a balance between $5,000 and $55,000 and at least 24 months left in its term.
    MotoRefi Car Loan Refinancing
    A car loan connection service for borrowers looking to refinance.
    525
    1–6 years
    Must have an income of at least $2,000/month and have a vehicle with less than 100,000 miles.
    LendingTree Auto Loans
    Compare multiple financing options for auto refinance, new car purchase, used car purchase and lease buy out.
    Good to excellent credit
    Typically 1 to 7 years
    Must be a US citizen and 18+ years old. Must have good to excellent credit.

    Compare up to 4 providers

    Does Hyundai offer special discounts or programs?

    Hyundai has a variety of buyer programs, including ones geared toward college grads, servicemembers and even individuals affected by recent storms.

    • Down payment matching program. Hyundai teamed up with BoostUp.com, a website that helps you save for a down payment on a car or home. It will match your down payment on a new lease or purchase up to $500.
    • College grad program. If you graduated college within the past two years or are set to graduate within the next six months, you may qualify for $400 off the purchase or lease of a new vehicle.
    • Military program. Active-duty servicemembers, reservists, National Guard members and veterans are eligible for $500 off a new Hyundai.
    • Mobility program. If you need your vehicle modified for easier access because of a medical condition or disability, Hyundai offers $1,000 toward the installation costs so you can fit your new car to your specifications.
    • Certified pre-owned (CPO) program. Find a used vehicle that’s less than five years old and has fewer than 60,000 miles through Hyundai’s CPO program. It uses a 150-point inspection to ensure your car’s safe to drive and offers a powertrain warranty.
    • Disaster relief program. Hyundai offers victims of recent hurricanes $750 toward a new car. You must provide a statement from your insurance company that verifies your vehicle and the amount of damage incurred, as well as proof that the damage was caused by Hurricane Michael or Florence.

    What will a new Hyundai cost me?

    Knowing the manufactured suggested retail price (MSRP) of the model you’re interested in buying can give you an idea of how much you’ll need to borrow. Plus, it can help you inform your car negotiations when you visit a dealer.

    ModelStarting MSRPBuildCity/highway MPG
    2019 Accent$14,995Compact28/37
    2019 Elantra$17,100Sedan29/38
    2019 Veloster$18,500Hatchback28/34
    2018 Elantra GT$19,350Hatchback23/31
    2018 Kona$19,500SUV27/33
    2019 Sonata$22,300Sedan26/35
    2019 Ioniq Hybrid$22,400Hatchback57/59
    2018 Tucson$22,550SUV23/30
    2019 Santa Fe$25,500SUV22/29
    2018 Sonata Hybrid$25,500Sedan40/46
    2018 Ioniq Electric$29,500Hatchback150/122

    Insurance costs that come with driving a Hyundai

    What kind of warranty does Hyundai offer new owners?

    Hyundai offers a series of limited warranties on its new and CPO vehicles, including:

    • 10-year, 100,000-mile powertrain limited warranty.
    • 5-year, 60,000-mile new vehicle limited warranty.
    • 7-year antiperforation warranty with unlimited miles.
    • 5-year roadside assistance program with unlimited miles.

    Each Hyundai car only comes with one new vehicle limited warranty, however. So if you’re purchasing a CPO vehicle, you’ll be offered whatever time is left on the warranty.

    Bottom line

    With its extensive warranties, midrange prices and special discount programs, Hyundai has a lot to offer car buyers. If you’re interested in getting behind the wheel of one, you have plenty of financing options to choose from. While car loans typically come with lower rates, you may be able to drive off the lot faster if you finance directly through a Hyundai authorized dealer.

    Read our guide to car loans to learn more about how they work and compare lenders.

    Frequently asked questions

    Picture: Shutterstock

    Kellye Guinan

    Kellye Guinan is a writer and editor with finder.com and has years of experience in academic writing and research. Between her passion for books and her love of language, she works on creating stories and volunteering her time on worthy causes. She lives in the woods and likes to find new bug friends in between reading just a little too much nonfiction.

    Was this content helpful to you? No  Yes

    Ask an Expert

    You are about to post a question on finder.com:

    • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
    • finder.com is a financial comparison and information service, not a bank or product provider
    • We cannot provide you with personal advice or recommendations
    • Your answer might already be waiting – check previous questions below to see if yours has already been asked

    Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

    By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

    Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
    Go to site