No, you don't need perfect credit. However, your interest rate could be affected with a lower credit score. Sometimes, adding a qualified co-signor could help, if you did have credit issues.

Your credit score is not the only thing that banks look at. Stable income, low debt and even a down payment could help.

Yes, you can get approved with no credit history. In fact, having no credit history is sometimes better than bad credit because you don't have negative history. However, since lenders don't know your borrowing habits yet, they will see you as a bit of a risk. Your interest rate might be a little higher, you might be only qualify for a smaller loan and there might be limited lenders available. A qualified co-signor could help with a better interest rate and boost approval odds.

You can absolutely trade your car in even if you owe money on it. It is very common and sometimes more beneficial to you to do it now rather than wait. The value of your car will be determined by how old your car is, how many kilometers are on it and the condition it. Sometimes the value of the vehicle is the same or greater than what you owe, so you would have positive equity. You could use this positive equity to put towards your new car or take it in cash. If there is an amount still owing from the difference of what your car is worth, you could roll that into your new car payment. This will increase your payment, however, sometimes things like a lower interest rate could affect the offset of your new payment. Who doesn't want a new car?

Your budget is the smartest place to start when buying your car. You should set a payment that fits comfortably into your life, not one that stretches you. You should take hidden costs of ownership into consideration when coming up with a budget for your car payment. Things like insurance, gas, maintenance & repairs will be a factor to remember.

You can pay your car off early and even add extra money to it, during the term. Paying off your loan early will result in paying less interest.

The answer to this really comes down to your lifestyle and financial goals. Leasing sometimes can get you a lower payment, you would get into a new car every couple of years and it's typically always under warranty (with some exceptions). However, you don't own your car, there are mileage limitations and you will always have a payment. When you purchase your car, you will now have an asset, there are no mileage limitations and you could buy or trade at any time. It will allow you to keep your car for a longer time, even after it is paid for. However, your warranty might end before you are finished paying it off or before you plan on trading it in. You can add extra protections to it that will allow you to keep your car longer, without the worry of costly repairs.

You don't need an extended warranty but in some cases it makes sense. If you plan on getting into another vehicle once your manufacturer's warranty expires, then you wouldn't need a warranty. However, there might be limitations with the manufacturer's coverage that might be taken care of with the addition of a warranty. It will also allow you to keep the vehicle for a longer time than what the manufacture gave you. If you are financing the vehicle for longer than the manufacturers warranty is, then it might be helpful to budget for any unforeseen repairs. It is more budget friendly to have it in your payment then have a repair bill that could potentially break the budget. Hyundai's Premium Plus Extended Protection (HEP) offers a "Claim Free Reward Option" which means that if you have not filed any claims nor received any benefit by the time your plan expires, you would receive a full credit toward a new Hyundai Protection Plan.

We use an Anti Corrosion Rust Module to protect your vehicle from harmful rust that may accumulate on your car. It is installed under the hood of your vehicle and connects to the battery. It emits a current that prevents the rust from forming. We use this in replace of traditional spray undercoating. It is not recommended to spray most vehicles because the spray might accidentally get on a sensor or computerized component. This would void your warranty and potentially be very costly to remove.

GAP (Guaranteed Asset Protection) is an optional add on to your loan that will protect the loan in the event that your vehicle is written off by the insurance company - if your vehicle is stolen, total loss due to fire or collision. The insurance company will give you a value for your vehicle based on the depreciated but not always what your loan is for. This could leave you with money owing out of your pocket. GAP coverage will pay the remaining balance without needing to use savings. If you are not lucky enough to have savings, then you could potentially be paying for a car that you are unable to drive. This could even hinder you from even getting another car loan, if you couldn't afford to pay for 2 loans.