Hyundai shoppers will find a slew of 0% APR deals this month on the brand's 2021 lineup. In an unusual move, dealer incentive bulletins show that the power-packed Veloster N is now eligible for 0% APR for 60 months. Based on our analysis, that's the best deal to date on this model and could amount to a decent price cut.
As of yesterday, all 2021 Velosters are eligible for 0% APR for 60 months, a reduction from the previous rate of 1.9%. On a $35,000 car, this offers a potential advantage of roughly $29/month or $1,700 over the life of the loan. The best deal we have on record is 0% for 48 months on the 2020 Veloster before it sold out last fall.
That said, there are some important downsides. First, Hyundai's 72-month Veloster financing rate remains unchanged at 2.9%, so there's no advantage if you're looking to lower your payment with a longer loan. The same goes for lease prices. Here in Southern California, the N continues to be listed at $429 for 36 months with $2,599 at signing.
If you've been waiting for the right deal to come along, now could be a good time if you buy rather than lease. The 2021 Veloster N is over $4,600 more expensive than the previous year but benefits from the addition of the N Performance Package as standard equipment. It also now offers a DCT variant for those who aren't keen on owning a manual.
Alternatively, we think hot hatch shoppers may find surprisingly good prices on the Volkswagen GTI. Dealer incentive bulletins show VW is offering 0% APR for 60 months and a better 72-month rate of 1.9%. You won't see it advertised, but dealers are also being given up to a $500 dealer cash incentive to help lower prices when you finance.
Current Hyundai offers will end on March 31, 2021.
Hyundai Now Has Higher Interest Rates Than Genesis
Honda Lease Deals, Financing Incentives & Rebates: April 2022
Nissan Interest Rates Went Up By 1%
2023 Mazda CX-50 Has A Financing Deal
Best 0% Financing Deals On Cars: May 2022
