Hyundai financing in Australia
As one of the top-selling car manufacturers in the country, Hyundai has established itself as a reliable and innovative brand. In 2023, it was one of the top five car brands in Australia for new car sales (over 75,000 sales), alongside market-leaders Toyota, Mazda, Ford and Kia.
Along with the ever-popular i30 hatch, Hyundai is best-known for its range of SUVs, with the Tucson, Santa Fe, and Palisade leading the charge.
Hyundai’s growing range of electric vehicles, including the popular Kona and IONIQ, are also now challenging the dominant EV brands, such as Tesla.
When it comes to financing your Hyundai, you also have plenty of options to choose from. With many lenders competing for your business, it's important to do your research and, importantly, compare Hyundai interest rates to ensure you're getting the best deal possible.
Our guide will help you find the Hyundai financing option that works best for you and your budget.
Hyundai finance options at a glance
- Finance for Hyundai i30, Santa Fe, Tucson, Kona, IONIQ 5 and more
- Low rate secured car loans
- Hyundai commercial finance options
- Novated lease for Hyundai available
- Borrow up to $150,000
- Fixed or variable interest rate
- Finance terms from 1 - 7 years
- Flexible repayment options
- Pre-approval available
Best Hyundai finance rates compared
Vehicle | Venue |
|---|---|
Estimated cost (from) | $25,490 |
Monthly repayments (6% p.a. interest) | $493 |
Monthly repayments (8% p.a. interest) | $517 |
Monthly repayments (10% p.a. interest) | $542 |
Vehicle | i30 (hatch) |
Estimated cost (from) | $28,290 |
Monthly repayments (6% p.a. interest) | $547 |
Monthly repayments (8% p.a. interest) | $574 |
Monthly repayments (10% p.a. interest) | $601 |
Vehicle | Tucson |
Estimated cost (from) | $39,797 |
Monthly repayments (6% p.a. interest) | $769 |
Monthly repayments (8% p.a. interest) | $807 |
Monthly repayments (10% p.a. interest) | $846 |
Vehicle | Sante Fe |
Estimated cost (from) | $50,569 |
Monthly repayments (6% p.a. interest) | $978 |
Monthly repayments (8% p.a. interest) | $1,025 |
Monthly repayments (10% p.a. interest) | $1,074 |
Vehicle | Kona Electric (standard range) |
Estimated cost (from) | $58,914 |
Monthly repayments (6% p.a. interest) | $1,139 |
Monthly repayments (8% p.a. interest) | $1,195 |
Monthly repayments (10% p.a. interest) | $1,252 |
Vehicle | Palisade (Elite 7-seat) |
Estimated cost (from) | $72,354 |
Monthly repayments (6% p.a. interest) | $1,399 |
Monthly repayments (8% p.a. interest) | $1,467 |
Monthly repayments (10% p.a. interest) | $1,537 |
Vehicle | IONIQ 5 (Dynamiq) |
Estimated cost (from) | $84,709 |
Monthly repayments (6% p.a. interest) | $1,638 |
Monthly repayments (8% p.a. interest) | $1,718 |
Monthly repayments (10% p.a. interest) | $1,800 |
Vehicle | IONIQ 6 (Dynamiq) |
Estimated cost (from) | $86,280 |
Monthly repayments (6% p.a. interest) | $1,668 |
Monthly repayments (8% p.a. interest) | $1,749 |
Monthly repayments (10% p.a. interest) | $1,833 |
| Vehicle | Estimated cost (from) | Monthly repayments (6% p.a. interest) | Monthly repayments (8% p.a. interest) | Monthly repayments (10% p.a. interest) |
|---|---|---|---|---|
Venue | $25,490 | $493 | $517 | $542 |
i30 (hatch) | $28,290 | $547 | $574 | $601 |
Tucson | $39,797 | $769 | $807 | $846 |
Sante Fe | $50,569 | $978 | $1,025 | $1,074 |
Kona Electric (standard range) | $58,914 | $1,139 | $1,195 | $1,252 |
Palisade (Elite 7-seat) | $72,354 | $1,399 | $1,467 | $1,537 |
IONIQ 5 (Dynamiq) | $84,709 | $1,638 | $1,718 | $1,800 |
IONIQ 6 (Dynamiq) | $86,280 | $1,668 | $1,749 | $1,833 |
How to get the best Hyundai finance deal
While the advertised car loan interest rate will be a key factor in the overall cost of your Hyundai finance, there are other aspects to consider when seeking the best deal:
Ongoing finance rate
Some car finance deals come with an introductory rate that reverts to a higher rate after a set period. To ensure you get the best deal, look for Hyundai finance that offers a low rate throughout the term.
Fees
Some lenders may charge an application fee and ongoing fees, which can add up over time. By shopping around, you should be able to find Hyundai finance options with low or no fees.
Finance term
Consider getting the shortest finance term you can afford to save on interest.
Repayment flexibility
Having the ability to make extra repayments means you can pay off the loan early and save on interest. Just watch out for loans that charge fees for paying off the loan early.
Qualifying for Hyundai finance
The eligibility criteria for a Hyundai car loan will differ depending on the lender, but generally, you will need to:
- Be at least 18 years of age
- Hold Australian citizenship or permanent residency
- Have a steady income that can support loan repayments
- Meet other credit criteria set by the lender, including your credit score, expenses and existing debt
How to apply for Hyundai finance
To apply for Hyundai finance in Australia, you’ll need to follow these steps:
-
Compare personalised quotes from various finance providers.
-
Choose the deal that best suits your needs.
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Submit your application to your lender of your choice.
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Provide the necessary documents to support your application, such as bank statements and payslips.
-
Wait for your application to be reviewed by the lender.
If approved, you will receive car loan pre-approval for a certain amount, allowing you to shop for a Hyundai with a budget in mind. Alternatively, if you have already found a Hyundai model to buy, the lender will give final loan approval.
Some providers offer same-day approval on Hyundai finance, so you can apply and be approved for a car loan quickly and easily.
Your Hyundai finance options explained
1
Secured versus unsecured Hyundai finance
When financing a Hyundai, a secured car loan will generally cost much less than an unsecured loan. This is because the car you purchase will be used as collateral for the loan, which reduces risk for the lender. It's still possible to get a secured used car loan for a Hyundai, as long as it’s less than 12 years old.
The term for secured car finance on a Hyundai will usually be between 1 and 7 years.
2
Hyundai green loans
If you’re considering a vehicle from Hyundai's electric vehicle range (e.g. the Kona electric or IONIQ range), you may be eligible for a green loan. This is a type of financing offered by some lenders specifically for eco-friendly purchases.
In practice, this kind of loan will function in a similar way to a secured car loan, but you may benefit from a discounted interest rate and lower fees.
3
Hyundai novated lease
A novated lease through your employer is another financing option for your Hyundai. The vehicle can still be used 100% for personal use, but the arrangement offers significant tax advantages compared to a car loan, as you can pay for the vehicle as well as running costs using pre-tax salary. You'll also receive a GST discount on the cost of the car and its running costs.
If you get a novated lease for one of Hyundai’s EVs there is a fringe benefits tax exemption for electric vehicles below the luxury car tax limit ($91,387 in the 2024/25 financial year). This significantly increases the savings drivers can get by financing an eligible Hyundai using a novated lease.
4
Hyundai commercial finance options
If you plan to use your Hyundai for business purposes for more than 50% of the time, you may be eligible for a chattel mortgage, which is a type of business car loan. This works similarly to a secured car loan, but offers additional tax benefits for businesses.
Taking out a finance lease is another way business can finance a Hyundai. This is an option for businesses that do not want or need immediate ownership of the vehicle.
5
Hyundai dealer finance
Like most manufacturers, Hyundai offers financing directly to its customers. This includes a fixed-rate car loan, as well as the "Hyundai CarPlan", which includes a balloon payment (called the guaranteed future value amount). This is aimed at drivers who plan to trade in and replace their Hyundai regularly.
Hyundai also offers a chattel mortgage product to businesses.
When considering dealer finance, be aware that it's often marketed to car buyers based on convenience. It won’t necessarily be the best deal you can get. Car buyers are often advised, including by the Australian Federal Government’s Moneysmart website, to shop around for the best finance option separately. This gives you access to a wider range of loans and leases that can be approved just as quickly as dealer finance.
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