PriceProtect™
DriveShield™
GarageGuard™
Services
Insurance
Car Insurance
Compare Car Insurance with Jerry
Jerry’s Expert Advice
Car Insurance Estimates
Home & Renters Insurance
Renters Insurance
Repairs
Car Repair Estimates
Repair Estimates for Popular Services
Advice
Read Car Content
Browse Jerry Car Advice
Check Out Expert Car QnA
Learn About How We Create Content
Jerry Data & Research
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?
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.”View full answer
- Gregory R.
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
Join 4M+ members in lowering their car insurance
You Might Also Be Interested
Read Advice From Car Experts At Jerry
What Others Are Asking
Browse More Content
Insurance in Your State
Easiest way to compare and buy car insurance
No long forms
No spam or unwanted phone calls
Quotes from top insurance companies