Does Hyundai Finance Bad Credit?

2022 Hyundai Tucson Hybrid Parked At Mountain


Do you have a low credit score or no credit history? Then, shopping for a new or used vehicle in the Dallas area might be nerve-wracking. However, the Hyundai finance team at Clay Cooley Hyundai Of Mesquite can assure you that we will be able to help secure a favorable plan for you. Regardless of your credit history, we would love to work with you and help you get into a car that will make your daily commute and overall schedule easier! Find out more about bad credit financing below.



What to Know About Bad Credit Financing

Before you apply for financing online, you should keep in mind that you will likely have a higher down payment and that your interest rates may come in above average. So be prepared to have a bigger budget and be sure to do these as well:

  • Ask questions and don’t assume you won’t be approved. The first financing option may not be your only option, so always ask questions and consider other options, if possible, for the best fit.
  • Revive your credit score. Build your bad credit back up using a credit card on small bills that you immediately pay off. You can review the history report and catch any errors made.
  • Know your budget and your credit score (if you have one). As you’re applying for financing, your credit score can fall. Turn in all your loan applications within a 14-day period to limit potential damage to your score.
  • Separate price negotiation from financing. The first offer won’t be the only one. Many dealerships consult with multiple lenders.
  • Be prepared for a higher cost. Higher interest rates and larger down payments are both possible even if you have no credit.

Steps To Take When Applying for Hyundai Financing

Besides just submitting an application online, you should also do the following to ensure you’re in the best position possible in Duncanville:

  1. Determine how much you can afford to pay per month based on your budget.
  2. Make a bigger down payment if possible.
  3. Try to clean up your credit report before applying for a loan.
  4. Be honest about what kind of car you should buy, and don’t get more than you need.
  5. Consider lease deals, used car specials, and new car programs and incentives.
  6. Ask questions!

Hyundai Shopper Assurance

Worried about the buying or leasing experience in the Plano? You’ll be glad to know that when considering Hyundai finance options, you can take advantage of the Hyundai Shopper Assurance program, which provides:

  • Price transparency, with MSRP clearly listed on the Hyundai website
  • Flexible Test Drive ability, where you pick the location for your test drive through an app or Clay Cooley Hyundai Of Mesquite directly
  • Online paperwork, for a minimal amount of time spent in our office
  • Three-day money-back guarantee

Partner Up With Clay Cooley Hyundai Of Mesquite Today

Let Clay Cooley Hyundai Of Mesquite take care of all of your Hyundai finances! We are determined to get you into a Hyundai vehicle that you adore and suits your budget. Be sure to check out our new vehicle specials and our new Hyundai vehicles!


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