Hyundai Financing and Leasing Tips and Guide
Hyundai Financing and Leasing Tips and Guide
Posted on February 13, 2024
When it comes to acquiring a Hyundai, understanding your financing and leasing options is crucial to making an informed decision that aligns with your lifestyle and financial goals. Hyundai Motor Finance offers a range of options, each with its unique set of benefits, ensuring a seamless transition into your new vehicle. This guide aims to dissect the advantages of financing and leasing, provide insight on lease returns, and offer valuable tips to navigate through these choices.
Hyundai Financing
Financing a Hyundai is about more than just purchasing a vehicle; it's about embarking on a journey towards ownership with perks and benefits tailored for a smooth ride.
- Ownership Advantages: Financing your Hyundai allows you to keep your vehicle for as long as you desire. Enjoy the freedom of unlimited kilometres and no end-of-contract term charges. With Hyundai Motor Finance, the journey to ownership is designed to be remarkable and seamless.
- Customized Financing Options: Hyundai recognizes the uniqueness of each driver's financial needs. As such, various financing options are available, offering flexible terms from 12 to 84 months on select models. This flexibility ensures that you can tailor your contract to suit your financial circumstances.
Hyundai Leasing: Flexibility and Convenience
Leasing a Hyundai opens the door to driving a new vehicle more often, coupled with financial flexibility and additional protections.
- Leasing allows you to enjoy the latest Hyundai designs, safety features, and technology. With flexible lease terms of up to 60 months and a manufacturer's factory-backed warranty for up to 5 years, driving a new Hyundai is both pleasurable and secure.
- Benefit from lower monthly lease payments compared to finance payments on the same vehicle. You only pay tax on the monthly amount, not the full purchase price, and the Guaranteed Asset Protection (GAP) included in your lease safeguards you financially in case your vehicle is declared a total loss.
A Word on Lease Returns
As your lease nears its end, Hyundai Motor Finance and your local Hyundai dealership are prepared to guide you through the lease-end process smoothly.
- Lease-End Kit: Approximately 120 days before your lease matures, you'll receive a Lease-End Kit, providing a step-by-step guide through the lease-end process, including a Self-Assessment Checklist and Excess Wear and Use Self-Assessment Tool.
- Vehicle Inspection: About 60 days before lease maturity, AutoVin, the inspection provider, will contact you to schedule an inspection at your convenience, ensuring any potential excess wear and tear charges are transparent and understood.
- Lease-End Options: At the end of your lease, you have the flexibility to get a new Hyundai, keep your current vehicle by processing a purchase transaction, or return your Hyundai after fulfilling any remaining financial obligations
Should I Lease or Finance my New Hyundai?
Choosing between leasing and financing depends on your personal preferences, driving habits, and financial goals.
- Lease if you prefer: Driving a new Hyundai more often, enjoying lower monthly payments, and having the flexibility at the end of your lease to upgrade, keep, or return your vehicle.
- Finance if you prefer: Long-term ownership, unlimited kilometres without the worry of excess mileage charges, and building equity in your Hyundai.
Other Financing and Leasing Tips That You Might Find Useful
- Stay Informed: Use Hyundai Motor Finance's self-service options to stay up-to-date with your account history, update personal information, and securely share documents.
- Evaluate Your Driving Needs: Consider how many kilometres you drive annually and how frequently you like to change vehicles. This will help you decide whether leasing or financing is more suited to your lifestyle.
- Understand Your Contract: Whether you choose to lease or finance, ensure you fully comprehend the terms, including monthly payments, kilometre options, and what happens at the end of your contract.
- Prepare for Lease Returns: If you plan to return your leased Hyundai, use the Self-Assessment Checklist and conduct necessary repairs to avoid excess wear and tear charges. Ensure you understand the lease return process and what is expected of you.
- Explore All Options: Whether it's a new Hyundai lease, financing a Certified Pre-Owned vehicle, or purchasing your leased vehicle at the end of the term, understand all the options available to make the best decision for your needs.
Hyundai Motor Finance is committed to offering a comprehensive suite of financing and leasing options, ensuring that the journey to your new Hyundai is as enjoyable as the destination. Whether you choose to lease or finance, you're in the driver's seat, steering towards a future of memorable journeys in your Hyundai.