Finance Center

Owning a car has become more than just a luxury; it’s a necessity. And when it comes to reliable, affordable, and stylish vehicles, Hyundai is a name that stands out. But acquiring a Hyundai isn’t just about choosing the right model; it’s also about securing the right financing. This is where our Hyundai Finance Center can be of utility. This service offers a range of solutions designed to make your car-buying experience smooth and hassle-free.

Explore Granite Hyundai’s Finance Center, its services, and why it’s a vital resource for anyone considering purchasing a Hyundai vehicle. From loan options to lease agreements and the convenience of online tools, we’ll delve into the various aspects that make Hyundai Finance Center a go-to destination for prospective Hyundai owners.

Auto Financing Overview

Auto financing is an integral part of the car-buying process for millions of individuals worldwide. It’s the financial tool that allows people to acquire the vehicle of their dreams while spreading the cost over time. Some key auto financing concepts to understand include:

  • Principal: The principal is the initial amount you borrow to purchase the vehicle.
  • Interest rate: The interest rate refers to the price incurred for borrowing money. It’s expressed as a percentage and determines the additional amount you’ll pay on top of the principal. A lower interest rate results in lower overall financing costs.
  • Term length: The term length refers to the duration of the auto loan or lease agreement. Common terms range from 36 to 72 months for loans and 24 to 48 months for leases. Shorter terms typically result in higher monthly payments; however, they also can bring lower overall interest costs.
  • Monthly payment: Your monthly payment is the amount you pay each month to repay the loan or lease. It includes both principal and interest.
  • Down payment: The down payment is the initial cash amount you pay upfront to reduce the loan amount. A larger down payment typically results in lower monthly payments and less interest paid over the life of the loan.
  • Credit score: Your credit score represents your creditworthiness. Lenders use it to assess the risk of lending to you. Higher credit scores generally lead to better loan terms and lower interest rates.

Dealership Info

Phone Numbers:Sales Hours:
  • Mon - Thu9:00 AM - 7:00 PM
  • Fri9:00 AM - 6:00 PM
  • Sat9:00 AM - 5:00 PM
  • Sun10:00 AM - 3:00 PM

Advantages of Hyundai Financing

Hyundai financing offers a range of advantages that make it an attractive option for individuals looking to purchase or lease a Hyundai vehicle. These advantages not only enhance the affordability of owning a Hyundai but also provide convenience and peace of mind throughout the financing process. Let’s explore some of the key benefits of Hyundai financing:

Competitive Interest Rates

Hyundai Motor Finance (HMF), the financial arm of Hyundai, often provides competitive interest rates for auto loans and leases. These competitive rates can result in lower monthly payments and reduced overall financing costs compared to other financing options.

Flexible Terms

Hyundai financing offers flexibility in choosing the loan term that best suits your financial situation. Whether you prefer a short-term loan with higher monthly payments or a long-term loan with more manageable payments, Hyundai provides options to accommodate your budget and preference.

In-House Financing

Hyundai’s in-house financing comes with several advantages that make it an appealing option for customers looking to finance a Hyundai vehicle. These benefits include:

  1. Streamlined process
  2. Familiarity with the brand
  3. Special financing offers
  4. Flexibility in loan terms
  5. Dedicated support
  6. Quick credit decisions
  7. Convenience

These benefits make Hyundai’s in-house financing an attractive option for customers looking to finance a Hyundai vehicle, enhancing the overall car-buying experience.

Easy Application Process

The ease of applying for Hyundai financing is a significant advantage. The application process can often be completed online or at our dealership, making it convenient for customers to choose the method that suits them best. Online applications can be particularly appealing for those who prefer to complete paperwork from the comfort of their own homes.

Hyundai Motor Finance (HMF)

Hyundai Motor Finance (HMF) is the finance department of Hyundai Motor America, the North American subsidiary of Hyundai Motor Company, the South Korean automotive manufacturer. HMF specializes in providing financing and leasing options to Hyundai and Genesis customers in the United States. It serves as the in-house financing division for Hyundai and Genesis vehicles, offering a range of financial services to assist customers in purchasing or leasing their vehicles.

Steps to Secure Financing

Securing financing from Hyundai Motor Finance (HMF) to purchase a Hyundai vehicle typically involves a series of straightforward steps. Here’s a general overview of the process:

  1. Research Hyundai models: Explore Hyundai’s vehicle lineup to find the model that suits your needs and budget. Think about variables such as size, features, and even fuel efficiency.
  2. Visit a Hyundai dealership: Visit a Hyundai dealership in your area. Dealerships often have financing experts who can guide you through the process. You can also explore the available Hyundai models and discuss your financing options.
  3. Discuss financing options: Sit down with the dealership’s finance department to discuss your financing options. They will provide information on Hyundai Motor Finance (HMF) and any special financing promotions or incentives that may be available.
  4. Complete the financing application: If you choose to finance through HMF, you’ll need to complete a financing application. You can often do this at the dealership or online. The application typically requires personal and financial information, including your income, employment details, and Social Security number.
  5. Review loan terms: Once your credit is evaluated, HMF will provide you with loan terms, including the interest rate, loan amount, and monthly payment. Analyze these terms to check if they are within the means of your budget.
  6. Finalize the financing agreement: Once you’re satisfied with the loan terms, you’ll finalize the financing agreement. Diligently read through so you fully understand the terms and conditions laid out in the agreement prior to affixing your signature to it.

Hyundai Finance vs. Other Options

You have a range of options to choose from when you decide to finance your next vehicle. However, if you’re considering purchasing a Hyundai vehicle, there’s a compelling case for choosing Hyundai Finance over other financing alternatives. Here’s why Hyundai Finance has a distinct advantage and why it’s often the superior choice compared to other options.

Brand Familiarity and Expertise

Hyundai Finance is backed by Hyundai Motor America. This means they have an unparalleled understanding of Hyundai vehicles, their features, and their market value. As a result, this expertise translates into tailored financing options designed specifically for Hyundai buyers.

Streamlined and Convenient Process

You can enjoy the ease and convenience of a one-stop shop service experience with Hyundai Finance. Case in point? You can complete the entire car-buying process at a Hyundai dealership: Select your Hyundai; discuss financing options; apply for credit and drive away in your new vehicle—all in one place. This integrated approach streamlines logistics and saves you valuable time.

Loan-Term Flexibility Tailored to Your Needs

Hyundai Finance understands that one size does not fit all. They provide flexibility in loan terms, allowing you to choose a duration that aligns seamlessly with your budget and financial goals. Whether you prefer shorter terms with higher monthly payments or longer terms for easier budgeting, Hyundai Finance has the perfect option for you.

Calculating Monthly Payments

Calculating your monthly payments is crucial when you’re considering financing or leasing a vehicle. It helps you understand how much you’ll need to budget for your car each month. To calculate monthly auto payments, follow these steps:

  • Determine the loan amount
  • Factor in the down payment
  • Consider the interest rate
  • Calculate the monthly interest rate
  • Calculate monthly payment
  • Consider other costs
  • Review the Results (and adjust accordingly)

Hyundai’s Commitment to Financial Transparency

Hyundai retains a strong commitment to financial transparency, a principle that underscores its dedication to integrity, accountability, and building trust with its customers, shareholders, and stakeholders. This commitment is evident in various aspects of Hyundai’s business operations and practices. Some of these include clear and accessible financial reporting, disclosure of key financial metrics, corporate governance practices, and more.

Auto Financing FAQs

Do I need good credit to qualify for Hyundai financing?

While having good credit can improve your chances of qualifying for Hyundai financing and may lead to more favorable loan terms, you do not necessarily need excellent credit to secure financing for a Hyundai vehicle. Hyundai Motor Finance (HMF), like many auto lenders, offers financing options to a range of credit profiles, including those with less-than-perfect credit.

Can I lease a vehicle through Hyundai Motor Finance?

Yes! Our Hyundai vehicles can be leased with affordable and flexible financing options and leasing terms available within the industry.

What is the typical down payment for an auto loan?

You can expect to put forth a 10% down payment on a used car and a 20% down payment on a new car. However, keep in mind that your credit score can impact this. Your down payment is largely determined by the vehicle value you’re interested in.

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Apply for Financing at Granite Hyundai

The Hyundai Finance Center is more than just a financial institution; it’s a trusted partner on your journey to owning a Hyundai vehicle. With a range of financing options, user-friendly online tools, personalized assistance, and additional services, the Finance Center streamlines the car-buying process, making it accessible and convenient for all. Whether you’re looking to buy, lease, or protect your Hyundai, the Hyundai Finance Center can help. So if you’re ready, contact us today to learn more or apply for financing below.

Granite Hyundai is located at: 370 Route 108 • Somersworth, NH 03878
Hyundai Click Drive
Granite Hyundai 43.2634533, -70.9061025.