Does Hyundai Finance Bad Credit?

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Even with poor credit.

By

Automotive Content Editor

Meghan Carbary has been writing professionally for nearly 20 years. A published journalist in three states, Meghan honed her skills as a feature writer and sports editor. She has now expanded her skill-set into the automotive industry as a content writer for Auto Credit Express, where she contributes to several automotive and auto finance blogs.


, Automotive Content Editor - January 17, 2023

Hyundai Capital America, the captive lender for Hyundai, finances a wide range of credit scores, including for borrowers with bad credit. Here's what we know about financing a Hyundai with bad credit.

Hyundai Credit Scoring Ranges

Unlike many car companies that only finance people with good credit, Hyundai uses a wide range of credit scores to make up their financing tiers. The lowest credit score that Hyundai finances are for borrowers with credit scores below 580. This is much lower than some other companies known for financing bad credit, such as Kia whose score range only goes as low as 620 or below.

Hyundai may not be the first name you think of when you think of subprime financing, but their captive finance company Hyundai Capital America does a better job of covering lower-tier consumers than some other captive lenders.

Financing A Hyundai With Bad Credit

Even when you're able to get financing with poor credit, you're not likely to get the low advertised rates you may see or hear about in commercials. Many times, the rate that's advertised, such as Hyundai's current 0% financing for 36 months at the time of writing, won't be an option for someone with lower-tier credit.

Another thing to keep in mind is that sometimes bad credit borrowers only qualify for longer loans. This means paying not only more interest but paying it for a longer time as well. This can really increase the cost of a vehicle to more than you bargained for.

Luckily, Hyundai can make a good brand to shop for when you're struggling with credit issues. They not only finance some borrowers in low credit situations, but they also have some affordable vehicles in their lineup.

Affordable Hyundai Models For Bad Credit

Hyundai makes a wide range of vehicles across their line up from the compact Accent to the three-row Palisade and the all-electric IONIQ 5. If you're struggling with credit looking for a lower-priced vehicle is a good strategy for keeping your auto loan affordable and Hyundai has a few solutions.

  • Looking for an SUV? Hyundai has you covered. Its entry-level SUV the Venue is a solid choice for those needing space in the back. It starts at an MSRP of $20,295.
  • The midsized Hyundai Elantra sedan gives passengers plenty of space and comfort for a starting MSRP of just $21,595.
  • The subcompact Kona SUV is fun to drive and stylish, not to mention a great value at a starting MSRP of just $23,285.

As you can see Hyundai has a great range of vehicles that may be available to borrowers with below-average credit ratings. As always, prices may vary depending on your location and situation, always check with your local dealer for any deals and prices in your area.

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, Automotive Content Editor

Meghan Carbary has been writing professionally for nearly 20 years. A published journalist in three states, Meghan honed her skills as a feature writer and sports editor. She has now expanded her skill-set into the automotive industry as a content writer for Auto Credit Express, where she contributes to several automotive and auto finance blogs.


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