Auto Financing Frequently Asked Questions
Your Auto Financing Questions Answered in Eugene, OR
Auto financing is a piece of cake when you visit Hyundai Eugene. It’s easy to get overwhelmed by the financing process, especially if you’re a first-time buyer. However, our finance team can crunch the numbers while you focus on the fun parts of buying a new ride. In fact, we’ve secured affordable auto loans for many customers across the Florence, Springfield, Roseburg and Cottage Grove area, so we can get you in and out of our office in record time! Still have some questions about the financing process? We figured, so we’ve taken it upon ourselves to create a list of answers to FAQs we regularly receive from our guests. Keep reading to learn more!
Our Financial FAQs
What is the range of credit scores?
Per Equifax, credit scores can range from 300 to 850 and are broken down into the following groups:
Just remember that the higher your credit score, the better financing options you’ll have. However, no matter where your score lands on this scale, Hyundai Eugene can help you obtain the right financial plan for you.
How can I improve my score?
We have a few steps we highly recommend you take in order to improve your credit score. Keep in mind that these efforts won’t prompt immediate results, but it can be extremely beneficial for you in the long run. First things first, you should check your credit report for any possible errors. You can do this by requesting your report from one of the three credit bureaus: TransUnion, Experian and Equifax. Next, it’s crucial that you always try to make your payments on time and in full. Last but not least, you’ll want to stay below your credit limit whenever possible — this is a sure way to have a positive impact on your score.
How much will my monthly payment be?
Don’t break out the pen and paper to do calculations yourself — we can do the hard work for you! Now that you know what your credit score is and have a good idea of the interest rate you’ll receive, you can utilize our online payment calculator and receive an accurate estimate of what your future monthly payments will look like.
How do I get pre-approved?
Getting pre-approved is easier than ever, thanks to our convenient online application. Simply provide us with your contact information, employment history and the new Hyundai or pre-owned model you wish to drive home. If you’re still worried about getting approved, we encourage you to apply with a co-signer if you’d like to improve your chances. However, our team has worked with many guests with various financial backgrounds, so we can help you no matter what!
Still have questions we haven’t answered? Please don’t hesitate to reach out. You can contact us online or stop by Hyundai Eugene at 89320 N. Game Farm Road, Eugene, OR 97408. We welcome customers from Florence, Springfield, Roseburg and Cottage Grove.