Does Hyundai Finance Bad Credit?

Woman handing over car keys

 

Does Hyundai offer bad credit financing? The answer is yes. While Hyundai Finance may not be able to get every car shopper approved, when you work with the finance department here at Hyundai of Las Vegas, we’ll be sure to do our very best to match you with the right lender — whether that’s through Hyundai Finance or another financier. So read on or contact us to learn more about our no credit and bad credit financing solutions.

Save on Bad Credit Financing Near Henderson

Before you apply for financing for a new Hyundai, if you have poor credit or no established credit, you should remember that the down payment you must pay in addition to your interest rate may very likely be higher than is average. Keep these additional tips about our Hyundai finance solutions in mind, too:

  • Separate price negotiation from financing. The first offer won’t be the only one. Many dealerships consult with multiple lenders.
  • Be prepared for a higher cost. Higher interest rates and larger down payments are both possible if you have no credit.
  • Ask questions and don’t assume you will be denied. As you shop for a Hyundai, always ask questions and see if there are other offers that could be a better fit.
  • Revive your credit score. Build your bad credit back up before applying for financing if you can by using a secure credit card on small bills that you immediately pay off. This will, of course, take time.
  • Know your budget and your credit score (if you have one). As you’re applying for financing, your credit score can fall. Keep all of your loan applications within a 14-day period to limit potential damage to your score.

Remember, if you take all of the above factors into account, it will raise your chance of a more affordable deal when financing Hyundai with bad credit or limited credit. Our new vehicle specials can also help.

Steps To Take When Applying for Hyundai Financing

Once you’ve applied for Hyundai financing, you should take a few more steps just to make sure you’re in the best position possible. You’ll know quickly what your best financial decisions should be:

  1. Figure out how much you can afford to pay per month based on your budget.
  2. Figure out if you need to make a bigger down payment for smaller monthly payments.
  3. Try to clean up your credit report before applying for a loan.
  4. Be honest with yourself about what kind of vehicle you should buy, and don’t overspend.
  5. Consider lease deals, used car specials, and new car programs and incentives.
  6. Ask questions!

Hyundai Shopper Assurance at Hyundai of Las Vegas

If you’re worried about the buying or leasing experience, take comfort in the Hyundai Shopper Assurance program, providing:

  • Price transparency, with MSRP clearly listed on the Hyundai website
  • Flexible Test Drive ability, where you pick the location for your test drive through an app or Hyundai of Las Vegas directly
  • Online paperwork, for a minimal amount of time spent in our office
  • Three-day money-back guarantee

Find Value in the North Las Vegas Area with Hyundai of Las Vegas

Ready to save on your next Hyundai finance deal? Hyundai of Las Vegas can help! You’re better off going to a dealer than a bank for bad credit financing. So give us a call at 725-236-4400 now with questions, or visit our finance center for yourself near Paradise.

 

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