Happy days! Your Hyundai finance offer could include no initial monthly payments, 0% APR, and countless other incentives that make it easy to fund your perfect new vehicle. Furthermore, there are several types of finance available – all of which are simple to understand. Let us summarise the options.
Hyundai Tucson (compact sports-utility vehicle)
A Hyundai Tucson Personal Contract Purchase offer is amongst your options (PCP). It includes the deposit, fixed monthly instalments, and a mileage allowance. At the end of the term, you can return the vehicle with nothing else to pay. Alternatively, make the optional final payment to own it outright or trade it in for a replacement. If the latter, any value beyond your optional final payment contributes towards a newer vehicle’s deposit. Example terms include:
- vehicle – Tucson N Line 1.6 T-GDi 177PS Petrol 2WD
- deposit - £6,621.80
- APR – 0%.
- first 3 monthly payments - £0
- subsequent monthly payments - £299 (33 months)
- optional final payment – £10,596.34
- mileage allowance – 8,000 per annum.
Hyundai Kona Electric (compact sports-utility vehicle)
The Hyundai Kona Electric Personal Contract Hire offer is one of your alternatives (PCH). It includes the initial rental payment, monthly instalments, and a mileage allowance – but there is no option to own the car at the end of your contract. It has to be returned to the manufacturer. Example terms include:
- vehicle – Kona Electric Premium 64 KWh
- initial rental - £3,543
- monthly payments - £296 (35 months)
- mileage allowance – 8,000 per annum.
Hyundai Ioniq Hybrid (large family hatchback)
A Hyundai Ioniq Hybrid Personal Motor Loan is a further prospect (PML). This option guarantees you own the vehicle outright at the end of the contract. Simply pay your deposit then fixed monthly instalments. Example terms include:
- vehicle – Ioniq Hybrid Premium SE 1.6 Petrol Blue Drive DCT
- deposit - £5,800 (of which Hyundai pays £1,000)
- Interest – 2.47%.
- monthly payments - £509.13 (48 months)
- total cost – £30,238.24.
Alternatively, the Hyundai Ioniq Plug-in Hybrid or Hyundai Ioniq Electric might get your attention. Either way, there are multiple types of finance available such as Personal Contract Purchase, Personal Contract Hire, and Personal Motor Loan.
Hyundai Voucher Event
The Hyundai Voucher Event is a further incentive that cuts the cost of your vehicle – if you choose to purchase and own it outright. Simply request your voucher at the manufacturer’s website. Your dealership will then be in touch to explain the best way to redeem it. Savings include: Tucson N Line (£500), Ioniq Hybrid (£500 or £1,000), and Ioniq Plug-in Hybrid (£500 or £1,000). Happy days!