Hyundai finance options

Learn more about Hyundai finance options

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Want to buy a Hyundai, new or used? Here are your Hyundai finance options.

What types of Hyundai finance options are there?

  • Car loan. Lenders offering these car loans will register a security interest in the Hyundai you buy, and in exchange give you a competitive interest rate. This rate usually falls between 5-10% p.a. The loan amount you’re approved for is usually tied to the value of the Hyundai - but amounts of between $1,000 and $100,000 are available.
  • Personal loan. This loan option can be secured or unsecured. An unsecured loan means that the lender does not take any security over the Hyundai you wish to buy and you can use the funds however you want. Unsecured rates are generally 8-16% p.a. while secured rates are generally 5-10% p.a.
  • Car lease. This allows self-employed people to buy a Hyundai for business purposes. The lender purchases the car and you make lease payments until the end of the term of the lease.
  • Commercial hire purchase. This is an option for businesses who hire a Hyundai from the financier for a fixed payment monthly over a term that is agreed to. You have the option to purchase the car at the end of your loan term.
  • Novated lease. Novated leases give employees access to tax benefits by allowing them to salary package a Hyundai. You’re able to lease the car and your employer pays the lease repayments from your pre-tax income.
  • Hyundai Finance. Hyundai also offers its own financing options which you can sign up for at a dealership. You have your choice of standard loan options such as consumer finance, finance lease and a commercial hire purchase. Also, there are innovative options such as a goods loans and a CarPlan. A goods loan is available to you if the Hyundai will be used 50% or more for business purposes, which allows you to claim tax deductions. The CarPlan is a lease with an option of purchase or trade-in at the end of the term.

It’s important to remember that, although it’s possible to get finance, it’s a purchase that isn’t regarded as “good debt” as the asset that you’ve purchased depreciates in value as soon as you’ve driven it off the lot.

It can also be tempting to just opt for Hyundai dealer finance as you can have the transaction done in one go. However, it would benefit you to do your research and ensure that whatever financing you choose is ideal for your financial circumstances.

Hyundai finance options: What to consider

There are several things to look at in your finance before you jump into a Hyundai and drive off into the sunset, such as:

  • Can you afford the repayments? Knowing if you can afford the repayments, whether they are monthly, fortnightly or weekly, is very important from the outset. You don’t want to drive yourself into debt.
  • Do you want to own the Hyundai? There are lease and loan options available and both types offer benefits and drawbacks. However, leases may not allow you to own the vehicle upfront. Consider whether you want this asset under your name.
  • Is the Hyundai for personal or business use? You can access tax benefits and flexible finance options if your vehicle will be for business use, so remember this when considering your options.
  • How’s your credit? There are lenders available that will consider borrowers with poor credit, but remember this will limit your finance options and affect your interest rate.

See all 2021 EOFY deals

Hyundai finance options: Questions to ask yourself before you commit

Before you finance your dream car, there are some things to consider, which include:

  • What’s my budget? It’s important to know how much you can spend before picking your ideal car. Hyundai has a range of vehicles starting from $20,950 for the i30 that will help you squeeze into those small car spaces or the pricier Santa Fe that comes in at a cool $40,900. Using a car loans calculator will help you figure out how much you can afford to pay off each week, fortnight or month.
  • What kind of car do I want? Hyundai has a selection of vehicles available to suit a variety of needs. If you’re after more commercialised vehicles, such as the iLoad, Hyundai can help you out. If you want a people mover to help transport your growing family around, Hyundai offers the Santa Fe and the Tuscan. Doing your research on what kind of cars are available can help you make a firm decision.
  • What kind of features do I want? Genuine Hyundai accessories come with each Hyundai vehicle that you purchase. These vary depending on the car but can start from front park assist, a multimedia and navigation system, sunroof, Apple Play, leather interior and many more. Do your research on what kind of features are on offer so you don’t get overwhelmed. Make sure the car you want has them before buying.

Hyundai finance costs

Some costs for you to consider before applying for a loan for your new car are:

  • Loan fees. Before applying for a loan, you should check if there are any upfront fees such as an application fee, and whether there are any ongoing fees that you’re expected to pay, such as monthly fees or transaction fees. Another fee to keep an eye on is a fee if you make an extra repayment. The fees will vary from lender to lender.
  • Upkeep of the car. Paying for fuel, servicing, new tyres and running your car can be expensive. There is also car washing to consider. You’ll want everyone to see how nice and clean your new car is!
  • Registration and insurance. Now that you’re on the road, you must pay to be on the road. This is the cost of registration. You’ll also want to consider insurance, as other cars might hit your new car or you might hit them.

Saving enough to buy the car of your dreams might not be enough if you are unable to keep your dream car roadworthy and running in the way that you like it. These additional costs can add up and are something to keep in mind before purchasing your vehicle.

See all 2021 EOFY deals

What you will need to apply for a loan

You’ll need the following to apply for a car loan:

  • Financial statements. These can include payslips and bank statements for the past three months, or your last tax return statement.
  • Identification. This can be shown through your Australian Driver’s Licence (if you have one), your Medicare card, your birth certificate or your passport.
  • A stable income. Most lenders won’t let you borrow money off them if you can’t show that you have a stable income.
  • Assets and debts. You’ll need to know your current assets and liabilities situation which also needs to be shown through documentation.

Now you know what you need to do to purchase a new Hyundai. Keep in mind your financing options and additional costs before choosing your favourite car – ours is the Hyundai i30. Enjoy the drive!

About Hyundai

Hyundai is a popular brand that has become the car of choice for many Australians. This manufacturer has a wide range of vehicle types available, which is a huge part of the appeal. This includes the Hyundai i30, a sought-after hatchback, and the iLoad van - ideal for businesses who need help hauling stock.

Loans you can use to finance a Hyundai

$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Monthly Repayment View Details CTA
Loans.com.au - New and Dealer Used Car Loan
From
4.67%
(fixed)
5.22%
You'll receive a fixed rate from 4.67% p.a. based on your risk profile
Finance a new car and benefit from features such as fast approval, no ongoing fees and an optional balloon payment. Settle the loan before 30 November 2021 and enter the draw to win a $1,000 fuel gift voucher. T&Cs apply.
You'll receive a fixed rate from 4.67% p.a. based on your risk profile
Finance a new car and benefit from features such as fast approval, no ongoing fees and an optional balloon payment. Settle the loan before 30 November 2021 and enter the draw to win a $1,000 fuel gift voucher. T&Cs apply.
Plenti Car Loan
From
4.89%
(fixed)
5.44%
You'll receive a fixed rate from 4.89% p.a.
Borrow up to $100,000 with a Plenti Car Loan and benefit from no early repayment or exit fees.
You'll receive a fixed rate from 4.89% p.a.
Borrow up to $100,000 with a Plenti Car Loan and benefit from no early repayment or exit fees.
Credit Concierge Car Loan
From
3.35%
(fixed)
4.41%
You'll receive a fixed rate of 3.35% p.a. with a comparison rate of 4.41% p.a.
Get access to over 20 providers to fund a new or used car.
You'll receive a fixed rate of 3.35% p.a. with a comparison rate of 4.41% p.a.
Get access to over 20 providers to fund a new or used car.
RACV New Car Loans
From
4.99%
(fixed)
5.69%
You'll receive a fixed rate from 4.99% p.a.
A larger loan of $5,000 or more to help you buy a new or used car. 5-hour pre approval available and no ongoing fees.
You'll receive a fixed rate from 4.99% p.a.
A larger loan of $5,000 or more to help you buy a new or used car. 5-hour pre approval available and no ongoing fees.
Wisr Secured Car Loan
From
4.74%
(fixed)
5.01%
You'll receive a personalised interest rate from 4.74% p.a. to 16.01% p.a. based on your risk profile
A flexible car loan from $5,000 - $63,000 with personalised rates and rewards for strong credit customers.

⭐Special Offer: Wisr's standard establishment fee $605 will be reduced to $195 for applications submitted through Finder. T&Cs apply.
You'll receive a personalised interest rate from 4.74% p.a. to 16.01% p.a. based on your risk profile
A flexible car loan from $5,000 - $63,000 with personalised rates and rewards for strong credit customers.

⭐Special Offer: Wisr's standard establishment fee $605 will be reduced to $195 for applications submitted through Finder. T&Cs apply.
OurMoneyMarket Car Loan
From
5.35%
(fixed)
5.65%
You'll receive a fixed interest rate from 5.35% p.a. to 14.99% p.a. based on your risk profile.
Borrow between $2,001 and $75,000 to finance a new or used car up to 10 years.
You'll receive a fixed interest rate from 5.35% p.a. to 14.99% p.a. based on your risk profile.
Borrow between $2,001 and $75,000 to finance a new or used car up to 10 years.
MoneyForJam Car Loan
From
2.85%
(fixed)
4.85%
You'll receive a fixed rate from 2.85% p.a. based on your risk profile
Borrow between $4,500 and $120,000 with loan terms up to 7 years to finance a new or used car. Get access to more than 40 providers. You could get up to $250 cash back if you get insurance or warranty too by 31 July 2021. T&Cs apply.
You'll receive a fixed rate from 2.85% p.a. based on your risk profile
Borrow between $4,500 and $120,000 with loan terms up to 7 years to finance a new or used car. Get access to more than 40 providers. You could get up to $250 cash back if you get insurance or warranty too by 31 July 2021. T&Cs apply.
Stratton Finance New Car Loan
From
3.85%
(fixed)
4.05%
You'll receive a fixed rate from 3.85% p.a. depending on the lender you are approved with
Apply for up to $250,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.
You'll receive a fixed rate from 3.85% p.a. depending on the lender you are approved with
Apply for up to $250,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.
CarClarity Car Loan
From
3.35%
(fixed)
4.95%
You'll receive a fixed rate from 3.35% p.a.
Get access to more than 30 lenders to finance a new or used car for personal or corporate use. Borrow up to $250,000 with terms from 1 to 7 years.
You'll receive a fixed rate from 3.35% p.a.
Get access to more than 30 lenders to finance a new or used car for personal or corporate use. Borrow up to $250,000 with terms from 1 to 7 years.
IMB New Car Loan
4.99%
(fixed)
5.34%
You'll receive a fixed rate of 4.99% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one that's up to two years old.
You'll receive a fixed rate of 4.99% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one that's up to two years old.
NRMA New Car Loan
From
4.99%
(fixed)
5.69%
You'll receive a fixed rate from 4.99% p.a.
Purchase a new or used car up to 3 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.
You'll receive a fixed rate from 4.99% p.a.
Purchase a new or used car up to 3 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.
NAB Personal Loan Unsecured Fixed
From
6.99%
(fixed)
7.91%
You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
Borrow from $5,000 to $55,000, with 1 to 7 year loan terms available. This loan comes with no fees for extra repayments and no early exit fees.
You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
Borrow from $5,000 to $55,000, with 1 to 7 year loan terms available. This loan comes with no fees for extra repayments and no early exit fees.
Heritage Bank Car Loan
4.89%
(fixed)
5.53%
You'll receive a fixed rate from 4.89% p.a.
Finance a new or used car up to 5 years old. Large maximum borrowing amount up to $100,000 and terms up to 7 years.
You'll receive a fixed rate from 4.89% p.a.
Finance a new or used car up to 5 years old. Large maximum borrowing amount up to $100,000 and terms up to 7 years.
Symple Loans Personal Loan
From
5.75%
(variable)
6.47%
You'll receive a personalised interest rate from 5.75% p.a. to 25.99% p.a. based on your risk profile
Borrow up to $50,000 to pay for what you need.
You'll receive a personalised interest rate from 5.75% p.a. to 25.99% p.a. based on your risk profile
Borrow up to $50,000 to pay for what you need.
SocietyOne Car Loan
From
5.95%
(fixed)
5.95%
You'll receive a fixed rate between 5.95% p.a. and 17.49% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.
You'll receive a fixed rate between 5.95% p.a. and 17.49% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.
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Compare up to 4 providers

Compare car insurance side-by-side and get quotes

Name Product Roadside Assistance Accidental Damage Storm Choice of Repairer Agreed or Market Value
Coles Comprehensive
Optional
Agreed or Market
Finder's summary: With Coles comprehensive car insurance, you could earn double flybuys points at Coles supermarkets and you can get $10 off your Coles grocery bill every time you redeem 2,000 Flybuys points. If your car is damaged, you could benefit from a one-week turnaround on repairs.

⭐ Current offer: Get 10% off your first year's premium when you take out a policy online. T&Cs apply.

Who it might be good for: Coles customers and Flybuys collectors.
Youi Comprehensive
Optional
Agreed or Market
Finder's summary: Youi Comprehensive Car Insurance is one of the few providers to include roadside assistance in its policy. You'll also get access to YouiRewards which gives you discounts on furniture, parking and more. Youi also has a live chat feature on its site to talk through any questions.

Who it might be good for: People over 25 who want comprehensive cover with a focus on customer service.
Virgin Comprehensive
Optional
Optional
Agreed or Market
Finder's summary: Finalists for the 2019 Finder Awards for Best Value Car Insurance, Virgin Comprehensive provides a good level of cover for a decent price.

⭐ Current offer: Get 15% off on your first year’s premium when you purchase a new eligible comprehensive car insurance online. T&Cs apply.

Who it might be good for: People who'd like to manage their policy online 24/7.
Budget Direct Comprehensive
Optional
Optional
Agreed or Market
Finder's summary: Awarded the 2019 Finder Award for the Best Value Car Insurance, this policy offers solid coverage at a low cost. Budget Direct's claims service has received a 4.2/5 based on nearly 5,000 customer reviews.

⭐ Current offer: Get 15% discount on first year's premium when you take out a policy online. T&Cs apply.

Who it might be good for: People who want a comprehensive policy without breaking the bank.
Bingle Comprehensive
Market
Finder's summary:Bingle consistently comes up as one of the cheaper insurers out there. It only covers the basics. You don't get to choose your own repairer, you're not covered for personal items in the car and unless you add it as an option, you won't get a hire car if your car is stolen. But this keeps its premiums low.

Who it might be good for: Someone who wants a low-cost option that covers them for the basics.
Qantas Comprehensive
Optional
Optional
Agreed or Market
Finder's summary: You'll be able to choose how comprehensive you want your cover to be with optional extras like choice of repairer and the option of agreed or market value.

⭐ Current offer: Earn Qantas Points for joining and paying your premium. Sign up today and earn up to 20,000 Qantas Points (points awarded will be based on your premium). T&Cs and eligibility apply.

Who it might be good for: People who'd like to earn Qantas Points.
Poncho Comprehensive
Agreed
Finder's summary: Poncho works like a monthly subscription – you pay monthly and can cancel and leave at any time. You can also list multiple cars and drivers under one policy, making it ideal for families and groups living together under one household.

Who it might be good for: People who want their car insurance month to month.
Huddle Black Comprehensive
Agreed or Market
Finder's summary: Huddle's black comprehensive is its cover with highest limits and exclusive benefits. It includes roadside assistance. You can also get up to $2,000 for emergency travel and accommodation and up to $30 million legal liability cover.

Who it might be good for: Someone who wants a 24/7 claims processing.
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Car Loan Offers

Important Information*
Logo for IMB New Car Loan
IMB New Car Loan

You'll receive a fixed rate of 4.99% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one up to two years old.

Logo for Beyond Bank Low Rate Car Loan "Special Offer"
Beyond Bank Low Rate Car Loan "Special Offer"

You'll receive a fixed rate of 4.69% p.a.
Take advantage of a competitive rate, pre-approval and no early repayment fees when you finance a car under two years old.

Logo for RACV New Car Loans
RACV New Car Loans

You'll receive a fixed rate from 4.99% p.a.
A larger loan of $5,000 or more to help you buy a new or used car. 5-hour pre approval available and no ongoing fees.

Logo for NRMA New Car Loan
NRMA New Car Loan

You'll receive a fixed rate of 4.99% p.a.
Purchase a new or used car up to 2 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.

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