Does Hyundai Finance Bad Credit?

Credit History

If you have a low credit score or even a short credit history, you might feel stressed when it’s time to look for a vehicle. If you’re worried about financing new vehicles for sale or a used car, truck, or SUV, we can help! When looking for a Hyundai finance plan to purchase your vehicle, there’s less to worry about. At North Freeway Hyundai, we’ll work with you to purchase the Hyundai vehicle that’s right for your Houston drives. Learn all about your options with the financial experts, and don’t hesitate to contact us if you have any questions.

Get Competitive Rates and Save Near Houston

Before applying for financing for new Hyundai vehicles, keep in mind that you may have a higher down payment and higher interest rates. It’s best to budget high while having room to spare. You can also keep these key information in mind:

  • Ask questions and don’t assume you won’t be approved. As you’re searching for a vehicle, you might think that your first financing offer is your only option. That’s not the case. Ask questions to see if other offers fit your budget better.
  • Revive your credit score.Build your bad credit back up by using a credit card on small bills that you can you pay off immediately. 
  • Know your budget and your credit score (if you have one). Remember, your credit score can fall as you’re applying for financing. Keep your Hyundai finance applications within 14 days to limit any damage to your score. 
  • Separate price negotiation from financing. The first offer is not the only one. Many dealerships work with multiple lenders, so you can negotiate to get a stronger offer.
  • Be prepared for a higher cost. Higher interest rates and larger down payments are both possible when you have no credit.

Steps To Take When Applying for Hyundai Financing

After applying for Hyundai financing online, be sure to take these extra steps to make sure you’re in the best position possible. 

  1. Determine how much you can afford to pay per month based on your budget.
  2. Make a bigger down payment if possible.
  3. Try to clean up your credit report before applying for a loan.
  4. Be honest about what kind of car you should buy, and don’t get more than you need.
  5. Consider lease deals, used car specials, and new car programs and incentives.
  6. Ask questions.

Hyundai Shopper Assurance

If you’re concerned about the leasing or buying experience, the Hyundai Shopper Assurance program offers:

  • Price transparency, with MSRP that’s listed on the Hyundai website 
  • Flexible Test Drive ability, which allows you to pick the location for your test drive through an app or North Freeway Hyundai directly
  • Online paperwork, for a minimal amount of time spent in our office 
  • Three-day money-back guarantee

Get Additional Hyundai Finance Tips at North Freeway Hyundai!

When you’re ready to upgrade your Cypress drives with a new, used, or certified used vehicle, our team at North Freeway Hyundai is standing by ready to help. We’ll work with you through the entire car-buying process to help you find and finance your next car, truck, or SUV. Feel free to contact us today with any questions or to schedule an appointment.

 

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