Bad Credit & Car Loans

Financing Your New Hyundai or Used Vehicle

How do Banks Decide Whether to Approve Your Car Loan?

Four main factors determine how creditors decide to give you a car financing offer:

  1. Vehicle selection: cost, age, and mileage
  2. Application information: employment, residence, and income information
  3. Credit history: information contained in your credit file
  4. Down payment: total of cash and trade equity

How are Monthly Payments Determined?

Your monthly payment is determined by three major factors listed below in order of impact:

  1. Amount financed
  2. Term or length of contract
  3. Annual Percentage Rate (APR)

What are the Benefits of Financing?

You get:

  • Competitive interest rates
  • Flexible terms
  • No mileage restrictions
  • No fees for early payout
  • Freedom to customize your vehicle

Which is Better: Leasing or Financing?

It depends on what’s most important to you! All of us have different lifestyles and priorities in cars, life, and in finances. Car lease-versus-finance decisions must be made with your own lifestyle and priorities in mind. What’s right for one person can be totally wrong for another. Luckily, we have a team of finance experts who are happy to help you find the best option for you.

Leasing

You should lease if you:

  • enjoy driving a new car every two or three years
  • want lower monthly payments
  • like having a car that has the latest safety features and is always under warranty
  • don’t like trading and selling used cars
  • don’t care about building ownership equity
  • have a stable, predictable lifestyle
  • drive an average number of miles
  • properly maintain your cars
  • are willing to pay more over the long haul to get these benefits
  • understand how leasing works

Financing

You should finance if you:

  • don’t mind higher monthly payments
  • prefer to build up some trade-in or resale value (equity)
  • like the idea of having ownership of your car
  • prefer paying off your loan and being payment-free for a while
  • don’t mind the unexpected cost of repairs after warranty has expired
  • drive more-than-average miles
  • prefer to drive your cars for years to spread out the cost
  • like to customize your cars
  • expect lifestyle changes in the near future
  • don’t like the risk of possible lease-end charges
Adjust Payment Terms ×

We want to help you find the perfect car that fits your budget. Please adjust the options below so we can estimate the most accurate monthly payments.

Estimated Credit Score or Interest Rate

Desired Loan Term (months)

How much will you put down?

All tax, title and vehicle registration fees are additional. See dealer for complete details.