Your Interest Rate FAQs Answered

Dealership employee handing over keys to a car

If you’re wondering whether now is a good time to buy a car or what the current auto interest rates are, let the finance experts at Laird Noller Hyundai Topeka help answer your questions and alleviate your concerns. Our Hyundai dealership in Topeka loves providing nearby drivers with the options they deserve while working with reputable local lenders and providing competitive new Hyundai and used car financing rates.

Find competitive interest rates on new Hyundai cars and SUVs or secure used car financing at our local car dealer today. But first, view our interest rate frequently asked questions below for pertinent info!

Car Interest Rate FAQs

01

Does credit score impact car financing?

New Hyundai and used car financing rates are influenced by the buyer’s credit score, as this is essentially the evaluation of risk for the lender. The higher your credit score, the more often this translates into lower auto loan interest rates.

02

Are there any specials or incentives for auto financing?

Of course! At Laird Noller Hyundai Topeka, we offer monthly Hyundai specials to help you save big on new Tucson SUVs, Sonata sedans and more.

03

Which factors determine your auto loan interest rate?

The buyer’s credit score and debt-to-income ratio are the two main factors considered by lenders when determining the interest rate of the auto loan. Lenders also review the age of the vehicle you’re buying, the down payment you are able to make, the amount you are borrowing, and your auto loan’s length.

04

What is an average car loan interest rate?

Interest rates vary for new Hyundai models and used cars, as well as from buyer to buyer. We encourage you to contact Laird Noller Hyundai Topeka to learn more about the auto loan rates you qualify for.