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Should I finance through Hyundai Motor finance to get incentives and then refinance through my credit union?

I want to buy a new Hyundai Kona. Hyundai Motor Finance is currently offering up to $3,500 worth of incentives. The only problem is that they want to give me an interest rate of 5.99% compared to 2.9% from my credit union. Can I finance through Hyundai and then refinance immediately through my credit union?

avatar
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“You sure can. This is common for consumers to get the most money off their car while also getting an interest rate they want through their
preferred lender
.
Keep in mind that you aren’t going to make any friends at the Hyundai dealer by doing this. Plan on taking any recalls or warranty
maintenance
to another dealership. But as far as legality goes, you’re in the clear.
Don’t forget that when you buy a new vehicle, you will need proper coverage. If you haven’t already found insurance, use the free
Jerry
app to help you find the best deal. Jerry compares rates from the top 50 companies in under a minute, delivering the best deals to your phone.”
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