Learn from the Auto Financing Experts at Joe Holland Hyundai
Are you thinking about financing a new Hyundai Santa Fe or a pre-owned vehicle? Get answers to all your auto financing questions, right here at Joe Holland Hyundai. Our team has been helping shoppers get competitive interest rates on auto loans and educating shoppers on the nuances of financing a car for over 67 years! Here, you can learn from our seasoned finance expert, Daniel Harmon, Manager, at Joe Holland Hyundai about some of the most frequent questions we hear.
Curious about current car loan rates on a new or used car for sale in WV? Or maybe you want to see what your new Hyundai Sonata down payment should be for a specific monthly car payment? Take a look at the information and advice from Daniel and plan your visit to our Hyundai dealer near St. Albans for next steps in your auto financing journey!
Expert Answers to Your Auto Financing Questions
What are the current interest rates and how does my credit score affect them?
Interest rates fluctuate based on market conditions and your individual credit profile. At Joe Holland Hyundai, we offer competitive rates ranging from 7% to 25%. Your credit score is a key factor in determining your loan rate; however, we work with over 20 different lenders to find the best fit for you.
How can I secure the most favorable interest rate?
Shopping around for the best rates is paramount. With our access to a multitude of lenders, we offer various rate options instantly to help you snag an excellent incentive on financing.
Is a down payment necessary for car financing?
Is a down payment necessary for car financing?
What additional costs should I anticipate during my vehicle purchase?
Beyond the price of the vehicle, you should account for a documentation fee, taxes, title fees and licensing costs.
Can I finance a vehicle if I have low credit or no credit history?
Yes! Joe Holland Hyundai is committed to assisting all customers, regardless of credit history. We collaborate with lenders specializing in helping those with past financial hardships, and we can explore options like a larger down payment or securing a cosigner for those without a credit history.
What’s the maximum term for a car loan?
We offer loan terms up to 84 months to help make payments more manageable.
Could dealership financing offer better rates than my preapproved loan?
Thanks to our long-standing relationships with over 20 lenders, we’re in a strong position to potentially offer better rates than individual preapproved offers. We encourage you to see what we can do for you.
Can I reduce my car payment later?
Refinancing is an excellent way to lower your car payment down the line. We’d be happy to discuss this option with you when the time is right.
What if I want to sell or trade in my car while I’m still paying it off?
Absolutely, you can sell or trade in your vehicle even if you haven’t finished paying it off. We can work with you on the details.
Are extended service contracts available?
Yes, we offer extended service contracts that can cover your vehicle for up to 96 months and 120,000 miles.
Why choose dealership financing over a single bank or lender?
Joe Holland Hyundai works with a broad network of lenders, which means more options and potentially better rates for you. Whereas a single bank offers one set of terms, we provide choices tailored to fit your unique financial situation.
Have more questions about how to finance a Hyundai? Get in touch with Joe Holland Hyundai for the expertise and guidance you seek. We’ll help you secure the financing or leasing terms that you’re comfortable with, so you can get the keys to a new Hyundai Palisade or pre-owned Elantra you love!
