Genesis/Hyundai Motor Finance

[LittleSal]

I haven't seen many Genesis/Hyundai financial data points:

2022 Genesis G70 - new purchase 

$55,240
3.9% - 72 month 
HP:  TransUnion

FICO AUTO 9:  780

State:  MO

Loan Amount:  $53,240

Payment:  $831

[LakeLife]

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@LittleSal wrote:

I haven't seen many Genesis/Hyundai financial data points:

2022 Genesis G70 - new purchase 

$55,240
3.9% - 72 month 
HP:  TransUnion

FICO AUTO 9:  780

State:  MO

Loan Amount:  $53,240

Payment:  $831

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I love the G70!  Did you get a $500 rebate for using Hyundai?  If so, do you plan to refinance?  Any credit union can beat that APR with your CS.

[LittleSal]

No.  How do I get the $500 rebate?

Yes.  They asked me to make four payments before I refinance or pay it off.  The dealer gets some sort of bonus if I do that.  

BOA approved me for 1.95% @ 60 months.  

[LakeLife]

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@LittleSal wrote:

No.  How do I get the $500 rebate?

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Hyundai is advertising it for using Hyundai Finance.  Might not apply to Genesis models though.  Congrats regardless!

[Ragnar375]

For what it's worth, I bought a palisade (SE) in Aug 2019 with much lower scores than yours and Hyundai gave me 2.9 for 72 months. But I did put down a sizeable amount of cash ($8k?). 

One year later I wanted a nicer trim (SEL) and a dealer offered me near an even trade (including the down payment from first purchase and one year of payments). Again, Hyundai financed me for 72 months at 2.9%. 

[LittleSal]

Nice!   I told them I wasn't happy with the 3.9%. I was looking for 2.9%.  They kept talking about rates going up and tough times for car dealerships.   🙄

They also would only let put $2,000 down.  I guess to keep the loan amount high?

These are strange times to buy an in demand car.  I ordered it 8 months ago and they threw in an extended warranty so overall I'm still happy!    Love the G70! 

I tried to post a picture of it but said file too large? 

[pizzadude]

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@LittleSal wrote:

Nice!   I told them I wasn't happy with the 3.9%. I was looking for 2.9%.  They kept talking about rates going up and tough times for car dealerships.   🙄

They also would only let put $2,000 down.  I guess to keep the loan amount high?

These are strange times to buy an in demand car.  I ordered it 8 months ago and they threw in an extended warranty so overall I'm still happy!    Love the G70! 

I tried to post a picture of it but said file too large? 

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Congrats on the approval, and hopefully you can start the refinance process.  There's no need for 4 payments to go through first, the dealership didn't do you any favors on the rate so in my opinion there's no reason to wait. 

Max filesize for pictures is 1MB I believe so it sounds like you'll need to reduce the size / change format to upload.

[LakeLife]

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I tried to post a picture of it but said file too large? 

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You can use an online image resizer like this one to make it smaller:

Simple Image Resizer