Does Hyundai Finance Bad Credit?

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Are you looking for a new Hyundai for sale in Pensacola but you’re worried that your poor credit or bad credit score will affect your financing opportunities? At Allen Turner Hyundai, our Hyundai finance team will work with you to find a financing plan that will fit your budget and get you the vehicle you need for your Mobile, AL errands. When it comes to Hyundai bad credit financing, our team works with a variety of Ft Walton lenders to help you find a financing plan that will not only work with your credit score but may also help improve it. Learn more about Hyundai bad credit financing with us below, and feel free to contact us if you have any questions.

What to Expect With Bad Credit Financing

When you apply for financing for a new Hyundai SUV with bad credit or with no credit, you will most likely have a higher down payment and a higher interest rate. Because of this, you should adjust your budget for a higher up-front cost and monthly payment on your next Hyundai purchase. However, a higher interest rate and down payment aren’t the only things you should look out for. Here are some other tips when you’re looking for Hyundai financing with bad credit:

    • Don’t Be Afraid To Ask Questions: When you’re shopping for a new vehicle with poor credit, don’t assume you have to take the first offer presented to you. In Gulf Breeze, you have multiple options when it comes to finding a lender and securing a loan. Ask questions to see if there are more financing options available to you. 
  • Build Your Credit Score: Before you go to purchase a new Hyundai model, try to build back your credit score by paying off small loans and paying your bills on time. Even paying small credit card bills like for your gas or groceries will help build your score to a desirable level. 
    • Find Out What Your Credit Score Is: When you apply for financing, your credit score may fall. To mitigate the potential damage, find out what your original credit score is before applying, and then apply for your loans with-in a 14-day period.
  • Plan Your Budget: When you apply for financing with poor credit or no credit, you’ll most likely have a higher interest rate and a larger down payment. Plan your budget accordingly so you don’t accidentally miss a payment. 
  • Consider Leasing Your Next Vehicle: If you have a bad credit score, leasing may be the better option for you. While the cost upfront may be a little more than financing, leasing provides better overall savings in the long term.

Taking these factors into account before you apply for Hyundai finance will help you find the best deal for you and your budget when you shop for a new vehicle. 

Hyundai Shopper Assurance Program

If you’re unsure of what to expect when you shop for a new Hyundai, or if you’re worried about buying or leasing, you can take comfort in the Hyundai Shopper Assurance program! This program provides Mobile, AL customers with the tools and assurances they need to shop confidently. These include:

  • A clear MSRP for the vehicle that’s listed on the dealer website.
  • Flexible test drive abilities allow you to choose the time and place to take your test drive. You can arrange this by contacting Allen Turner Hyundai directly. 
  • A suite of online financing tools that will reduce the amount of time you spend in the dealership. 
  • A three-day money-back guarantee for Ft Walton customers. 

Get Hyundai Financing at Allen Turner Hyundai!

When you shop at Allen Turner Hyundai with bad credit financing or no credit, don’t assume you have to settle for a less than a satisfactory vehicle or payment plan. Our sales and Hyundai finance teams will help you find the vehicle you need at a price you can afford. Browse our new vehicle inventory to find the Hyundai that’s right for you, then apply for financing online to begin the car buying process. We look forward to working with you!

Allen Turner Hyundai 30.4841431, -87.258355.