Went to buy a @hyundai (Ioniq 5): Car price: $58k Interest cost: $42k Interest rate: 12.45% Total price of contract: $108,000 Monthly payment $1,350. How are these dealerships still in business? What kind of new age robbery is this? So essentially, the bank, Hyundai Financing, wants to charge nearly the same total cost to collect your payment on the actual item itself. Make it make sense. 🤔😒

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2024-12-30 07:52

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Steff Piper
steff.piper

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一小時內	Jeremy Brown jeremybrown65	Weird. On their site and in their commercials, the Ioniq 5 has 0% interest for a 4 year loan. Most banks are at 6.7% for a 5-6 year loan. How are you getting 12.5%?
一小時內	Steff Piper steff.piper	Interesting to see responses so quickly licking bank boot. Right now, an 800 credit score gets you 6% apr at most dealerships. Thats a real problem for most buyers. 5 years ago, this 6% is what was floated for 590 credit scores, but yeah, thats my problem. Got it. I also remember a time when 27% was considered near criminal behaviour and predatory, now they offer it with a shrug.
4 小時內	Anthony Bertrand tony_on_a_bike	Shop around for a loan? You can get financing from a myriad of places that aren’t the dealership.
4 小時內	Donnie Simms simmski_	LOL Jesus Christ 12% interest?? Also, why would you willingly buy a Hyundai? They're garbage.
5 小時內	Trevor Todoruk trevortodoruk	Try a new FI or, ask for Hyundai financing. As others have stated, they are offering 0% APR. you must be doing something wrong. My brand new Prius is only 6.5%, and would have been 4.45 if I had waited until the bank of Canada interest rate reduction
5 小時內	Neil Burge mr.shedtastic	This has to be a work of fiction.
6 小時內	Bryce Kennedy elpresidente_kennedy	lies dont care who tell them, because this is outrigt laughable.
7 小時內	LaVonda Ford issaqueenlavonda	Your credit needs work, 12.45 % is bonkers.
8 小時內	Mark Van Eps iamspac3boy	Your math is terrible.
8 小時內	deblschneider	It’s why we’re keeping our 2017 vehicle until Trump gets into office and fixes everything. He promised to lower inflation and interest rates on Day 1. He’s gonna be a busy guy!!!😂😂😂