Auto Loan Refinancing
At Central Hyundai, we recognize that there can be a lot of new information that comes with purchasing a car. Our finance experts are committed to providing you with all the necessary resources so you can feel confident when you review available Hyundai finance rates. Visit our Hyundai dealership near Norwich and let our team guide you through the financing process and help you claim a low APR that aligns with your budget.
Ready to get started? Check out our auto interest rate FAQ section below and don't hesitate to reach out to Central Hyundai with any questions you may have.
How do auto loans work?
If you're looking to buy a Hyundai vehicle but don't have the cash on hand to pay for it upfront, an auto loan can help you drive home a new or used car at an affordable price by allowing you to pay for it over time. At our Connecticut Hyundai dealership, we'll assist you in exploring various auto loan choices so you can find suitable car interest rates and repayment terms.
What's the average interest rate for car loans?
Typically, the average interest rates for auto loans range from 5% to 6%. However, the actual rate you may receive could fluctuate based on factors such as your credit score, the state of the economy and the specific car you wish to purchase.
What should you consider when choosing a car loan?
When choosing a car loan, you should consider the interest rate, repayment terms and fees associated with it. Our Plainfield Hyundai dealer will also take your credit score into account and help you choose a loan that fits within your budget and allows you to make payments on time.
Is there a difference between new and used car loan rates?
The interest rate for an auto loan varies depending on whether you decide to buy a new or used car. If you go for a new car, you'll likely get a lower interest rate. If you choose a pre-owned vehicle, the interest rate may be higher, but you'll likely experience less depreciation over time.
