4 Reasons to Explore the Financing Options Offered at Your Hyundai Dealership

When it’s time to pay for your car, you’ve got three financing options: cash up front, financing through your bank or credit union, or letting your Hyundai dealership handle it. Here’s why the last one often ends up being the smartest move.

1. You’ll Get Access to Better Rates

While it’s fine to check rates with your banking provider, you’re applying like any normal borrower, so you’re locked into whatever rate they offer. Hyundai dealers work differently. They connect with a wide network of lenders, from small local banks to large national ones, giving you more options and a better shot at competitive rates.

Hyundai Motor Finance is one of those options. Since it exists to support sales, it can offer lower rates when it’s strategic, like dropping from 6.73% to 3.5% to close the deal. In fact, for new cars, dealership financing is almost always cheaper than bank financing.

2. It’s Convenient

Here’s how it usually goes with bank financing: You pick the car, figure out the price, then head to the bank for pre-approval. They’ll ask how much you’re putting down and how much you’ll need to borrow. After that, they run a background and credit check. If everything checks out, you might get a pre-approval letter. Then you bring that to the dealership. Sounds slow? It is.

Dealership financing skips all that. You can walk in, check out your car, take a test drive, trade in your current ride if needed, and wrap up financing, all in one place, within a few hours. The hardest part of the day is picking your route home.

3. Flexible Financing for All Credit Backgrounds

Want a nice, reliable car but dealing with poor credit? We can work with that. Some of the lenders we partner with specialize in helping buyers in your situation. We’ll help line up a deal through one of them. And if your credit is strong, you might even qualify for special 0% interest offers.

4. A Choice of Terms to Meet Your Monthly Budget

If that 24-month loan term feels a bit too intense, you’ve got other options: 36, 48, 60, and even 72 months. Spreading the loan over a longer period helps bring down your monthly payments, so it’s easier on your budget. It’s also a good way to build credit, as long as you keep up with the payments. And with lower monthly payments, you might be able to get into a better car than you originally thought possible.

Ready to finance your next great car? Then reach out to Randy Wise Hyundai in Flint, MI. We’re home to some of the most competitive rates around.

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