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How to finance a Hyundai

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.

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 Finance. 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 Finance. 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.

How to apply with Hyundai Motor Finance

You can quickly apply for financing through Hyundai Motor Finance online by following these six steps:

  1. Visit the Hyundai Motor Finance website and click Apply for Credit to start your application.
  2. Enter your ZIP code and select a model and trim, then click Apply.
  3. Select whether you want to complete an individual or joint application, then fill out your name and contact information.
  4. Enter information about your housing situation, your date of birth and your Social Security number.
  5. Enter information about your employment status and annual income.
  6. Review your application and read over the terms and conditions. Click Submit.

Once Hyundai Motor Finance has processed your application, write down your reference code and wait for a representative to contact you about your next steps.

Hyundai Motor Finance pros and cons


  • Multiple electric or hybrid options
  • Loyalty discounts and bonus cash for current Hyundai owners
  • Lease-end self assessment help to gauge potential charges


  • Financing only available for new or Certified Preowned cars
  • No information on postponing or changing payment dates
  • No first responder discount

Compare car loans to finance a Hyundai

1 - 3 of 3
Name Product Filter Values Minimum credit score APR Loan term Requirements
No minimum credit score
3.9% to 27.9%
1 to 6 years
18+ years old, annual income of $4,000+, no active bankruptcies
Get pre-qualified for used car financing and receive competitive, personalized rates.
Monevo Auto Loans
3.99% to 35.99%
3 months to 12 years
Credit score of 500+, legal US resident and ages 18+.
Quickly compare multiple online lenders with competitive rates depending on your credit. Car Loans
Starting at 2.15%
550+ credit score, no open bankruptcies, $24,000+ annual income, US citizen or permanent resident, 18+ years old
Get up to four offers in minutes through one simple application. Multiple financing types available including new cars, used cars and refinancing.

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, 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?

Hyundai offers quite a few affordable options, from the 2019 Accent which comes in just under $14,000 to the more high-end 2019 Palisade which starts at $31,550. The exact price you pay will depend on how you customize your vehicle and how well you negotiate, but we list the base MSRP below to get you started.

Choose a model

SUVs and Crossovers


  • Starting MSRP: $19,240
  • Build: Crossover
  • City/highway MPG: 28/32


  • Starting MSRP: $20,450
  • Build: Crossover
  • City/highway MPG: 22/28

Santa Fe

  • Starting MSRP: $24,000
  • Build: SUV
  • City/highway MPG: 20/25


  • Starting MSRP: $31,550
  • Build: SUV
  • City/highway MPG: 19/26



  • Starting MSRP: $13,995
  • Build: Compact
  • City/highway MPG: 28/38


  • Starting MSRP: $19,950
  • Build: Sedan
  • City/highway MPG: 30/40


  • Starting MSRP: $19,450
  • Build: Compact
  • City/highway MPG: 23/30


  • Starting MSRP: $19,750
  • Build: Sedan
  • City/highway MPG: 19/35



  • Starting MSRP: $21,150
  • Build: Electric Sedan
  • City/highway MPG: 57/136


  • Starting MSRP: $58,300
  • Build: Electric Crossover
  • City/highway MPG: 380

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 anti-perforation 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

What’s the average interest rate on a new car loan?

The average interest rate on a new car loan is 5.76%, as of November 2018. Your actual rate will vary based on your credit profile, personal financial situation and other factors your lender determines.

What are the rules to customize the car if I lease through Hyundai?

It depends. Hyundai does have approved accessories you can add to your vehicle when you begin your lease contract. But you won’t be able to customize your car to the extent that you can when buying it.

How long do I have to search for a car after I get preapproved for a car loan?

Most lenders will give you 30 days to shop around for a vehicle once you’ve completed the initial preapproval application.

Why are banks and credit unions cheaper options?

Banks, credit unions and online lenders tend to offer cheap car loans because they can afford to charge a low interest rate on the long repayment term.

Pictures: Shutterstock and Hyundai’s official page

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