Does Hyundai Finance Bad Credit?

Do you have a low credit score? Maybe even no credit history at all? Well, if you’re looking to buy a new or used car or SUV at Lithia Hyundai of Reno, you don’t have to worry about bad credit financing with us. When you come to Reno and visit our dealership, our Hyundai finance team does their best to help any and every buyer afford and purchase the model they are looking for. So, take a look at our available new and pre-owned inventories and then contact our team of finance experts to explore your options. We can’t wait to see you at our dealership near Sparks!

Get Better Rates and Save Near Fernley

Before applying for financing with bad or nonexistent credit, it’s important to realize that you may have to make a higher down payment and be ready for interest rates that are offered above average. It’s important that with bad credit financing, you budget high and keep in mind the following pieces of advice:

• Know your budget and your credit score (if you have one). When applying for financing, your credit score can decline over time. Try your best to keep your loan applications within a 14-day period so you can limit a declining score, and know your budget.
• Revive your credit score. If you have bad credit or no credit, do your best to boost your credit score on smaller bills before you attempt to finance a new vehicle.
• Ask questions and don’t assume you won’t be approved. Be sure to shop around and find different financing options before you decide on one. You may get one offer at first, but it’s likely that there could be other better options as well. Ask questions and try your best to get other options.
• Leasing might be a better option. Take a look at leasing options. While these payments may be higher at the beginning, they can become cheaper over the long run when you attempt to purchase a vehicle.
• Be prepared for a higher cost. If you have bad credit or no credit at all, you should be prepared to take on larger down payment and higher interest rates—peek at what average interest rates look like.

Visit the Hyundai Finance Team at Lithia Hyundai of Reno

When you come to Lithia Hyundai of Reno near Carson City, our Hyundai finance team will work with you to find the best, most affordable option available. Contact us for more information, apply for financing online, and visit us in Reno for a test drive with any of our available new or used models! And remember, even if you have bad credit, financing at Lithia Hyundai of Reno is easy thanks to our helpful staff and wonderful programs like Hyundai Shopper Assurance! While you’re still here, take a look at our helpful maintenance guides that help you determine when to replace your car’s oil and learn why your check engine light may be on.