Hyundai Financing - What To Know in 2024


Hyundai. It signifies "modernity" in Korean. That name makes sense given innovations like cutting-edge collision avoidance and solar sun roofing for EV charging. Hyundais are reasonably priced, but in order to fulfill your desire, you'll probably need a vehicle loan.

It may seem that the dealership is the only place where you may obtain a car loan. This isn’t the case for most people. Here, review every Hyundai financing option available to you. Use the information from our exclusive study to determine the true competitiveness of your loan offer while you are at it.

How do the typical Hyundai payments compare to average?

Depending on where you are in the process of looking for a new automobile, you may already have a loan offer. We did a study using information from Experian, Kelley Blue Book, and other reliable sources to assist you in assessing that offer. Estimating monthly Hyundai payments for debtors in various credit bands was our aim.

You must first be aware of your credit score in order to use our study. Next, look over the charts to determine which model and credit band best fit your needs. You can then determine whether the monthly amount you were offered is greater or lower than what we estimated.

Keep in mind that the manufacturer's suggested retail price (MSRP) is the basis for these average monthly payments. Dealer fees, title transfer fees, and add-ons were not taken into account. Your monthly payment is also determined by specific characteristics that are specific to you. These include the model you're purchasing, your living situation, and the size of your financing.

If you're wondering why certain of our borrowers with poor credit pay less each month than those with better credit, it's because of the terms of their loans. According to Experian data, borrowers with better credit ratings generally select shorter loan durations. Higher monthly payments but lower total interest are the outcomes of shorter loan durations.

You might be able to get the best finance for your Hyundai directly from the manufacturer if you meet the requirements. We refer to this as captive funding. In this instance, Hyundai Motor Finance would provide you with a loan.

You can get access to Hyundai finance offers that are exclusive to the manufacturer when you use captive financing. These are dubbed "special offers" by Hyundai. The Hyundai special offer that is most in demand can be 0.00% APR (annual percentage rate). A lower monthly lease payment or cash off your MSRP could be another exceptional offer.

Estimated average monthly payments for new Hyundais

ModelStarting MSRPMonthly payment (501-600 credit score)Monthly payment (601-660 credit score)Monthly payment (661-780 credit score)Monthly payment (781-850 credit score)
2024 Hyundai Elantra$21,475$278.48$259.35$253.25$271.21
2024 Hyundai Sonata$27,500$393.66$366.61$357.99$383.37
2024 Hyundai Tucson$27,250$388.88$362.16$353.64$378.72
2024 Hyundai Santa Fe$33,000$498.79$464.53$453.60$485.77
2024 Hyundai Kona$24,100$328.66$306.08$298.88$320.08

Estimated average monthly payments for used Hyundais

ModelFair purchase priceMonthly payment (501-600 credit score)Monthly payment (601-660 credit score)Monthly payment (661-780 credit score)Monthly payment (781-850 credit score)
2018 Hyundai Elantra$10,890$163.99$141.89$127.32$127.00
2018 Hyundai Sonata$10,584$156.59$135.49$121.57$121.27
2018 Hyundai Tucson$14,151$242.87$210.53$188.56$188.09
2018 Hyundai Santa Fe$15,168$267.48$231.44$207.66$207.15
2018 Hyundai Kona$11,856$187.36$162.11$145.46$145.10

Source: Lendingtree

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