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  Hyundai Motor Finance Auto Loan

Hyundai Motor Finance Auto Loan

in Auto Loans from Hyundai Motor Finance

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Hyundai Motor Finance Auto Loan

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in Auto Loans from Hyundai Motor Finance

SuperMoney Net Recommendation Score -90

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly not recommended by SuperMoney users with a score of -90, equating to 1.2 on a 5 point rating scale.

-90

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Strongly not recommended

6 users recommend
3 users are unsure
140 users don't recommend
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Highlights
Community Rating Strongly not recommended
Credit Score Range 650 - 850
Loan Amount $10,000 - $70,000
APR  (Fixed APR) 0% - 30%
Loan Term (Months) Up to 72 months
Number of Reviews 149

Hyundai Motor Finance Auto Loan Review

Hyundai Motor Finance Auto Loan is offered by Hyundai Motor Finance, a financial services company founded in 1989 and based in Dallas, TX. Hyundai Motor Finance Auto Loan is available in 50 states (and Washington, DC).

Hyundai finance FAQ

How much can you borrow via Hyundai finance?

Hyundai finance loan amounts start at $10,000 and go up to $70,000.

What APR does Hyundai finance offer on its car loans?

Hyundai finance offers a fixed apr car loan product that ranges from 0% APR up to 30% APR.

Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.

What is the maximum auto loan term you can get with Hyundai finance?

Hyundai finance has car loans with a maximum term of 72 months. Having the option of longer terms allows borrowers to take on larger auto loan amounts while keeping monthly payments more affordable. However, the longer the term of your car loan, the more interest you will pay.

Does Hyundai finance charge an origination fee?

Yes, Hyundai finance may charge a loan origination fee.

Does Hyundai finance charge a late fee?

Yes, Hyundai finance charges borrowers with a late payment penatly fee

Does Hyundai finance charge prepayment fees?

No, Hyundai finance will not charge you a fee for paying your loan early. Whenever possible choose lenders like Hyundai finance that don't charge a prepayment fee. These fees can reduce or even cancel the interest savings of repaying a loan early.

Can I pay off early my Hyundai finance loan?

Yes, you can. Hyundai finance does not charge a prepayment fee, so you can save money by paying your car loan early.

What do you need to qualify for Hyundai Motor Finance Auto Loan?

Applicants with a credit score of at least 650 and up to 850 may be eligible for Hyundai Motor Finance Auto Loan. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Hyundai Motor Finance Auto Loan does not have or does not disclose a minimum annual income eligibility requirement. Hyundai Motor Finance Auto Loan only considers borrowers who are employed. Note that borrowers can add a cosigner to either meet eligibility requirements or qualify for lower interest rates.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Hyundai Motor Finance Auto Loan. Their rates fall within the limits of The Military Lending Act.

Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

  • Recent pay stubs
  • Driver's license
  • Proof of citizenship or residence permit

What is the estimated funding time for a car loan via Hyundai finance?

Hyundai finance will typically approve (or deny) a car loan application within 1 hour and fund the car loan within 1 business day of approval.

Hyundai Motor Finance Auto Loan Disclosure: "Special limited time annual percentage rate (APR) available to qualified buyers on approved credit."
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From Hyundai Motor Finance

Since 1989, Hyundai Motor Finance has been committed to helping customers join the Hyundai family, and to creating the best possible ownership experience. We do this by providing a full range of auto finance and leasing solutions to Hyundai customers, both individuals and businesses. Our goal is to provide exceptional value, reliable and responsive service, and convenient account servicing.

Save time at the dealership when you apply for credit online with Hyundai Motor Finance. It's convenient, secure, and only takes a few steps. Shop. Sign. Buy. All from home. To help make your life easier, we’ve created Click to Buy.

Message From Our Editor

What we love about Hyundai Motor Finance

Hyundai Motor Finance makes it easy for people to apply for financing online. You can use your financing plan to buy either a new vehicle or one that is certified pre-owned. The service also has many discounts available that can make buying a car even less expensive.

What could Hyundai Motor Finance do better?

One obvious drawback of Hyundai Motor Finance is that you can only use the financing plans to purchase a Hyundai. If you want to shop around with different car brands, you’ll likely be better off getting a loan without that restrictions. There are also some common complaints regarding Hyundai Motor Finance’s service. Customers claim that the company often charges fees by mistake, leaving you with the headache of disputing the fees and getting them corrected. Customers also claim that the company’s customer service lacks quality, so you might have trouble getting help when you need it.

The fact that the loan is only available for new or certified pre-owned cars means you can know you’re getting a good vehicle, but it also restricts your choices. You can find a lot of good deals on used cars that aren’t certified pre-owned and going with one means paying a premium.

Hyundai Motor Finance‘s backstory

Hyundai is a South Korean conglomerate. Hyundai Motor Company was formed in 1967 and became Hyundai Motor Group when it bought a controlling stake in Kia in 1998. The company opened Hyundai Motor Financing in 1989 to make it easier for car shoppers to buy or lease a Hyundai vehicle.

The Verdict

 If you know that you want to buy a certified pre-owned or brand-new Hyundai, you might as well consider Hyundai Motor Finance. The application is relatively simple and you might get a good deal. Just keep in mind that the company has a reputation for poor customer service. If you’re not sure that a Hyundai is right for you or you want to shop around with different brands, consider other financing options.

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About Hyundai Motor Finance Auto Loan

Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

No Prepayment Fee
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Retired
Immigration Status Considered
  • U.S. Permanent Resident
Joint Loan Applications Accepted
  • Cosigner
Military Status
  • Active Duty Military
  • Non-Military
Minimum Age 18
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
  • Recent Pay Stubs
Credit Score Range 650 - 850
Loan Amount $10,000 - $70,000
APR (Fixed APR) 0% - 30%
Loan Term Up to 72 months

Hyundai Motor Finance Auto Loan Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly not recommended by SuperMoney users with a score of -90, equating to 1.2 on a 5 point rating scale.

-90

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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