2024 Hyundai Financing Deals

Starting APR 0.00%

Loan terms 24 to 72 months

When you’re shopping for a new car, Hyundai finance deals can be hard to ignore.

Hyundai’s deals often include interest rates as low as 0.00% APR for 36 months, plus a variety of seasonal and year-round bonuses and discounts.

But unfortunately, as with other manufacturers, not all borrowers will qualify for the coveted 0.00% APR offer. If your credit is less than stellar or if you’re interested in a specific model or year of Hyundai vehicle, you may not qualify for Hyundai’s best promotional offer. Here’s what you should know before applying.

Hyundai financing options

Buying a Hyundai

Hyundai Motor finance has loans for new, used and certified pre-owned vehicles. The only thing they don’t offer is refinancing. To take out a loan, you can visit its website or go to one of Hyundai’s more than 830 dealerships across the U.S.

Even if you’re not buying a brand-new vehicle, an applicant with great credit may be able to get an excellent deal. For example, the APR on pre-owned Hyundai vehicles starts as low as 0.90% for 36 months, which is much lower than what traditional lenders typically offer. Even if your credit isn’t good enough to qualify for an ultra-low APR, some dealerships may still have an enticing loan offer for you.

Just be sure to consider all potential costs before applying. Hyundai dealer fees can be steep, and loan terms and offers vary from one local dealer to the next.

  Note: While Hyundai does sometimes offer limited-time 0.00% APR financing, these deals are not always active. The best way to determine what special financing offers are available is to contact your local Hyundai dealer.

Leasing a Hyundai

Hyundai offers special financing for both buying and leasing vehicles. For lease offers, the best deals require you to offer a certain amount as a down payment.

The standard Hyundai lease covers roughly 12,000 to 15,000 miles per year, but you can buy extra miles up front if you anticipate exceeding the mileage cap. Lease terms are usually available for 24 to 48 months from Hyundai. That may seem restrictive when you compare Hyundai leases to competitors like Toyota Financial, which offers leases up to 60 months in length.

Hyundai financing pros and cons

Hyundai Motor Finance loans can be a great way to get a low APR and a long-term warranty, but buyers will also have to work with their local Hyundai dealership to finalize the deal. Before signing the paperwork, make sure you check to see what your local dealership offers, including special promotions, loan terms and fees.

A closer look at Hyundai financing

Hyundai’s 0.00% APR offer may grab your eye, but the lender’s credit requirements for this attractive deal are not disclosed. Borrowers with scores lower than 600 may pay up as much as 16% to 20% APR, and for the best rates, you’ll likely need scores above 780.

On the other hand, your local Hyundai dealer may offer special loan options for poor credit, or they may participate in Hyundai’s Fresh Start Program for borrowers with low credit scores. If you need help qualifying, Hyundai also accepts joint applications.

Here are a few other features to consider before applying:

• Some Hyundai dealerships charge close to $1,000 in dealer fees
• Borrowers get free access to their FICO scores, which are typically updated every 90 days
• You can schedule a test drive at your home or another convenient location

Special financing deals

Hyundai’s most exciting deal is 0.00% APR for 36 months, but not everyone will qualify. Low APR deals are typically exclusive to borrowers with great credit and these deals only apply to certain year models.

If you’re looking other ways to save money on Hyundai financing, check to see if you qualify for one of these additional incentives:

• Up to $1,000 reimbursement for adaptive equipment to meet mobility needs
• $500 discount on the purchase or lease of a new car for active, veteran and retired members of the U.S. military
• $500 discount on the purchase or lease of a new car for first responders
• $400 discount on the purchase or lease of a new car for college graduates who have graduated in the past two years or who are set to graduate in the next six months

Certified pre-owned vehicles

If you’re looking for a used car, a certified pre-owned (CPO) vehicle from Hyundai could be a great deal. Each CPO car comes with the following:

• 173-point inspection
• 10-year/100,000-mile powertrain warranty
• 10-year / unlimited-mile roadside assistance
• Free CARFAX report

Plus, qualified borrowers could receive an APR as low as 0.9% for 36 months on a Hyundai certified pre-owned vehicle.

How to apply for financing through Hyundai

It only takes a minute or two to apply for a loan from Hyundai Motor Finance. Here’s how the online process works:

1. Visit HyundaiUSA.com.
2. Select your vehicle and trim.
3. A local dealer will be chosen for you, but you can change the selection on the top of the page.
4. Provide your contact information and Social Security number.
5. Enter your employment information, including annual income.
6. Review and submit your application.

You’ll receive Hyundai’s decision within minutes and, if approved, you’ll get an approval certificate that’s valid for 30 days at the Hyundai dealership that was selected on your application.

How Hyundai financing compares

Both Kia and Toyota offer special discounts for new and used car purchases, but each one has unique credit requirements and limited-time APR deals. Alternatively, you could shop around for better rates through your credit union or bank to avoid paying dealer fees and to see if you get better offers.