Paying Cash vs. Financing a Sonata

If you’ve been eyeing a new or used Sonata from Tuscaloosa Hyundai, you’re going to get an incredible value. Drivers and critics have praised the car for its ample interior space, comfortable cabin, and variety of technological features. While you can’t go wrong with any year, model, or trim, it may seem tough to decide how you should pay for it.

You have two primary options: paying up front with cash or financing the vehicle through an auto loan. Either option comes with its own benefits, so the best course of action largely depends on your unique preferences and financial situation. Let’s take a closer look at each method to determine which one works best for you.

Benefits of Paying Cash for Your Sonata

If you’ve been putting your savings aside for a vehicle, your patience will be rewarded! Paying cash up front for the Sonata is as simple as it gets. You hand over the cash, we hand you the keys, and you’re on your way. When you take advantage of the special offers and incentives that we offer at Tuscaloosa Hyundai, you may even have some cash left over to spend as you please. With no payment plans to keep track of, no financing paperwork to wade through, and no interest rates to contend with, you’ll be able to drive home in your Sonata free and clear.

Benefits of Financing Your Sonata

If you would rather finance your Sonata with an auto loan, we can put you in a prime position at Tuscaloosa Hyundai. We have a staff of financing professionals at our dealership to help you get approved for a loan that works with your budget.

This option generally appeals to drivers who don’t want to part with a lump sum all at once. Financing your purchase would let you spread your payments out over a feasible period of months or years. It can also help you build credit. If your credit history is less than ideal, making regular loan payments on time will help you repair your history and set you up for a better financial future.

For the best of both worlds, you may even consider paying a portion of the cost with cash and financing the rest. This will make your monthly payments low and manageable while allowing you to pay off your loan in quicker than it would take with a regular financing approach.

Find The Sonata at Tuscaloosa Hyundai

Whether you opt for cash or financing, you’re sure to find unbeatable savings when you buy your next vehicle from Tuscaloosa Hyundai! Check out our inventory online to find great prices on the Sonata and many other awesome Hyundai models. When you’re ready for a closer look, come see us for a test drive. While you’re here, we can discuss which payment option is right for you.

Tuscaloosa Hyundai 33.171383, -87.487678.