Get Approved for St. John’s Vehicle Financing

With Capital Hyundai, we make sure to work with you to find the best plan possible for St. John’s Hyundai vehicle financing and leasing. We can get you the best rate and terms tailored to your needs, whatever your current situation might be. Give us the opportunity to help you with your transportation needs and financial freedom.

Apply for Credit

Whether you’re looking to buy a new Hyundai or are leaning towards a pre-owned vehicle, we have the specialists on site to get you a car loan solution in Newfoundland and Labrador. We invite you to contact us online or read on to learn more about our St. John’s Hyundai vehicle financing services. Applying for credit is easy too, and entirely secure.

Credit FAQ

Credit is essential for borrowing money. Your credit worthiness is determined by the three credit reporting agencies and FICO. These scores represent the likelihood that a person will repay their loans, and is determined by a person’s borrowing history as well as additional variables. Below are answers to frequently asked questions about credit, credit reports and credit scores. If you have additional questions, don’t hesitate to contact Capital Hyundai’s Finance Department for anything relating to St. John’s Hyundai vehicle financing.

I have bad credit–what should I do?

If you have less than perfect credit, it’s okay; you’re not alone. Millions suffer from bad credit for a variety of reasons. To improve your situation, start by getting reports from all three reporting agencies. This will shed light on what exactly is affecting your credit. Credit reports may contain inaccuracies you can correct to help get your credit improving. Paying down high balances and paying on time will go a long way to improving it too.

What is a credit score?

A credit score represents your credit worthiness and is used by lenders to gauge whether a person will make their payment on the due date. Scores are largely based on a person’s borrowing history. The most common type of credit score available to the public is the FICO score, which ranges from 300-850. The higher the credit score, the more likely you’ll be able to obtain credit and/or secure a better interest rate.

What is a good credit score?

Credit scores range between 300 and 850. Typically, a good credit score is above 680.

What is a bad credit score?

The average credit score is 680. Anything below 620 is considered a poor score, also known as “sub-prime.”

How do I boost my credit score?

For those who already have a good credit score, rest assured that it’s easier to maintain a good score than to improve a sub-prime one. Good credit can be maintained by adhering to healthy financial habits, such as keeping payments on time and shopping on credit only when it’s absolutely necessary. Avoid making dramatic credit changes and don’t close old accounts. Financing a vehicle is an excellent way to boost your credit because your regular payments add to your credibility, which in turn, adds to your creditworthiness. Contact us at Capital Hyundai to learn more about your credit and St. John’s Hyundai vehicle financing.