How to finance a Hyundai |

How to finance a Hyundai

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

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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.

Our top pick: Car Loans

  • Min. Credit Score Required: 300
  • APR: Varies by network lender
  • Requirements: Must be a US citizen with a current US address and employed full-time or have guaranteed fixed income.
  • Easy online application
  • Fast response time
  • Bad credit, no credit OK

Our top pick: Car Loans

Apply with a simple online application to get paired with a local auto lender. No credit and bad credit accepted.

  • Min. Credit Score Required: 300
  • Requirements: Must be a US citizen with a current US address and employed full-time or have guaranteed fixed income.

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

Updated July 18th, 2019
Name Product Filter Values Minimum Credit Score Loan Term Requirements
Varies by lender
Must be a US citizen with a current US address and employed full-time or have guaranteed fixed income.
Apply with a simple online application to get paired with a local auto lender. No credit and bad credit accepted.
Varies by lender
Fair to excellent credit, an income source, US citizen or permanent resident, 18+ years old
Find an offer and get rates from competing lenders without affecting your credit score.
Varies by lender
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.
Get connected with an auto lender near you, even if you have bad credit.
Good to excellent credit
2 to 7 years
Good or excellent credit, enough income or assets to afford a new loan, US citizen or permanent resident, 18+ years old
Quick car loans from $5,000 to $100,000 with competitive rates for borrowers with strong credit.
Fair or better credit
From 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.
Lower your monthly car payments and save on interest through a fast and easy online application process.
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%
Connect with a network of over 150 lenders to refinance your car loan.
Good to excellent credit
Varies by lender
18+ years old, good to excellent credit, US citizen
Compare multiple financing options for auto refinance, new car purchase, used car purchase and lease buy out.

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?

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.

Choose the type vehicle

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 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

Pictures: Shutterstock and Hyundai’s official page

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