Financing with Our Dealership
Great Lakes Hyundai takes the stress out of auto financing. From advice on whether to buy or lease to finding the best rates available, our finance team will work with you every step of the way to craft finance terms that work for your lifestyle and budget.
We Make it Easy!
Should You Lease Your New Great Lakes Hyundai Vehicle?
Leasing is a great choice for shoppers who like to drive a new vehicle and want to keep their payments low. Once your lease term is up, you can trade up for a newer model, buy it outright, or simply return it and walk away when the lease it over.
Benefits of Financing
Customers who intend to hold onto their vehicle for a while should consider a loan. Our flexible financing plans can get you into a new or used vehicle with terms that will reduce your overall costs while you build equity in your vehicle.
Flexible Credit Options
Great Lakes Hyundai can help you get into the new or used vehicle you deserve. With monthly specials, factory offers, and competitive rates, we go the extra mile to give you the options that work for your lifestyle.
Frequently Asked Questions
This important choice comes down to your monthly budget and how you expect to use your vehicle. Leasing typically comes with a lower monthly payment than a traditional loan, but there are restrictions on mileage and customization. On the other hand, a loan may be associated with a higher payment but you will be building equity and will spend less over the life of the vehicle.
We will work with you to craft the deal that works for your budget. Most loan terms will fall between 48-72 months, with longer financing terms resulting in lower payments.
We’ve worked with countless customers with all kinds of credit to help them discover their financing options.
In most cases, we can offer financing with no down payment. We can also roll taxes, registration, and fees into the financing deal if that works best for you.
Ready to begin?
Auto Financing in Streetsboro, OH
Buying a car can feel a lot smoother with help from our finance team, who will work with you to compare your loan and lease options and find the right terms for your budget, whether you're interested in new, used, or Certified Pre-Owned.
Should You Lease or Finance?
Your budget and how you plan to use the vehicle should guide your decision, as each option has its own perks and drawbacks. Leases usually have lower monthly payments, but come with restrictions on how much you can drive the vehicle and any modifications you can make. You'll likely be charged for driving beyond the mileage limit or for any damage to the vehicle when you return it at the end of the lease term.
Vehicles purchased through financing have higher monthly payments, but you own the vehicle outright once it's paid off, meaning you can drive it as much as you want, modify it freely, and sell or trade it on your own schedule whenever that makes sense for you.
If you plan to put a high number of miles on the vehicle, use it for work-related travel, or modify it, financing to own is the more practical option. Leasing can be the more practical option for people who want to drive a new vehicle every few years and don't plan on putting many miles on the car.
What Determines Your Financing Rates and Terms?
There are several factors that determine what APR you'll be offered and what payment terms you can choose, including your credit history, the length of your loan, and your down payment, as well as whether you're financing a new, used, or Certified Pre-Owned vehicle. Loans with shorter terms have lower APRs, but higher monthly payments. As you increase your loan term, your monthly payment decreases, but your overall spending increases due to the added interest. You should also keep in mind that higher down payments reduce your loan amount and can improve your APR, especially if you're financing a Certified Pre-Owned vehicle.
Getting Started
You can begin your application online at your convenience, or reach out to Capital One to pre-qualify for financing before visiting Great Lakes Hyundai. If you have a trade-in, Value Your Trade can help you estimate an initial offer.
Our finance team can work with a variety of credit scores, so you should consider applying even if you have a low credit score. In some cases, we can provide financing with no down payment and can include your sales, use, and license fees as part of your payment.
What You'll Need
Having your personal and financial information on file makes it easier to secure financing with Great Lakes Hyundai. It's a good idea to have the following items ready:
Proof of income
Proof of residence
Valid identification
Your current vehicle information if you plan to trade it in, including any loan payoff information if applicable
Co-signer information, if applicable
Trading In Toward Your New Vehicle
Trade-ins are an easy way to reduce your payment or the amount you owe on a vehicle. When you use a trade-in toward the cost of your new vehicle, its value is subtracted from your loan amount, which lowers your monthly payment. Value Your Trade can provide an estimate based on the information you give us, but a final offer can only be made after we've had a chance to examine the trade-in vehicle.
Special Offers
Various manufacturers and dealers offer special financing deals throughout the year, which may include reduced APRs for specific models or seasonal promotions. Be sure to review our current financing offers before submitting your application, as a discounted APR on one model might be a better deal than a larger discount on another.
Serving Streetsboro and More
We connect car buyers in Streetsboro, Hudson, Aurora, Cuyahoga Falls, and the surrounding areas with financing offers that suit their needs and budgets, whether you're shopping new, used, or Certified Pre-Owned.
Frequently Asked Questions
What's the Difference Between Buying and Leasing?
The difference between buying and leasing lies in the flexibility of the payment terms and the restrictions placed on the vehicle's use. Buying a vehicle results in higher payments, but you own it outright and can sell it whenever you'd like once it's paid off. Leasing results in lower payments and comes with restrictions on the vehicle's usage, such as limitations on the number of miles driven or any modifications made to the vehicle.
What's the Average Length of a Car Loan?
The average length of a car loan is between four and seven years. Longer loan periods usually result in lower payments, but higher overall costs due to added interest.
I Have Poor Credit. Are There Financing Options Available to Me?
We offer financing options for a variety of credit scores and can help you explore your options.
Is It Possible to Finance a Car Without a Down Payment?
In some cases, yes. We can also help you incorporate any sales, use, and license fees into your financing if you'd prefer.
What Information Will I Need to Finance a Car?
We'll need information regarding your income, residence, and identification, as well as any trade-in you plan to make. Having the following documents available can help streamline the process:
Proof of income
Proof of residence
Valid identification
Trade-in information
Can I Use My Trade-In to Reduce My Monthly Payment?
Yes. The value of your trade-in can help reduce the amount you're financed, which can either reduce your overall payment or lower the amount you owe.
Are You Ready to Begin?
Your privacy is important to us.
Great Lakes Hyundai takes your privacy seriously and does not rent or sell your personal information to third parties without your consent. Read our privacy policy.
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Great Lakes Hyundai
9630 OH-14
Streetsboro, OH 44241
- Sales: (330) 422-1212
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