Hyundai dealerships typically offer a variety of new car financing options to help customers purchase their desired vehicle. These may include:
. Retail Financing: This type of financing involves taking a loan directly from the dealership or a partnered bank or lender. The customer would make monthly payments over a specified term, typically ranging from 24 to 84 months, until the loan is paid in full.
. Leasing: Leasing is an alternative to buying a car, where the customer makes monthly payments for the use of the vehicle for a set period, usually ranging from 24 to 48 months. At the end of the lease term, the customer can return the vehicle to the dealer or purchase it for its residual value.
. Special Financing Programs: Hyundai dealerships may also offer special financing programs from time to time, such as low interest rates, cashback incentives, or zero-down payment offers, to attract customers and promote sales.
Used Car Financing:
For customers looking to purchase a used Hyundai vehicle, dealerships may provide financing options specifically tailored to used car purchases. These financing terms can be similar to new car financing, with options for retail financing, leasing, and special financing programs. However, the interest rates and terms may vary depending on the age and condition of the used car.
Hyundai Finance:
Hyundai also has its own captive financing arm known as Hyundai Finance or Hyundai Capital America. They provide a range of finance products and services, including retail financing, leasing, and other financial solutions to customers purchasing Hyundai vehicles.
Dealership-Specific Promotions and Incentives:
It's worth noting that different dealerships may offer unique financing promotions and incentives, so it's recommended to research and compare multiple dealerships to find the best financing terms that align with your specific circumstances and budget.
