Questions to Ask at Our Hyundai Finance Center

Choosing to finance a vehicle is a major decision that will impact your credit and budget for the foreseeable future. It’s important to ensure you’re fully informed about all of the intricacies of the financing process before signing any sort of long-term contract at our Hyundai finance center. To learn more, visit us at Sansone Hyundai today. 

What Can I Afford? 

One of the most important things to do before even stepping foot inside our finance center is to create a realistic budget that fits your lifestyle. In general, most financial experts will recommend that your monthly car expenses are no more than 10% of your monthly income. You should also factor in any costs beyond the loan itself such as maintenance and gas refills.

Is A Down Payment Necessary? 

Although a down payment is never a set requirement, it’s always a good idea to put down as much money as you comfortably can. The larger your down payment is, the less money you have to borrow – this means that you’ll pay less interest throughout the loan period. 

Does Credit History Matter? 

While it’s entirely possible to get approved for a car loan with poor credit, having good credit has plenty of benefits. If you have poor credit, you’ll likely have to pay higher interest rates since the bank sees your history as an additional risk. Improving your credit score before applying for a car loan is an excellent way to lower expenses.

Can I Trade My Current Car In? 

Yes! We always accept trade-ins towards a new Hyundai vehicle purchase. You can even use our convenient online tool to estimate how much you’ll receive for your specific make and model of vehicle, making it easier to determine what you can afford.

What is the Final Price? 

You’ll have to factor in more than just the sticker price into the total cost of your car loan. It’s important to remember that you’ll need to pay for the processing fees, documentation, prepayment, and foreclosure.

Visit Sansone Hyundai to Get Started 

If you want to know more about the car-buying process or have additional questions regarding financing, stop by our Woodbridge, NJ, Hyundai dealership today. We also offer a number of new Hyundai specials for buying and leasing a new model. Come see us to learn more!