In honor of Memorial Day, Hyundai is doubling their traditional military incentive and doubling the amount of weekends they are offering it. From May 20th to May 31st, military service men and women can receive $1,000 off on eligible new Hyundai vehicles.
Hyundai's Memorial Day Military Incentive
Here is the lowdown on Hyundai's Memorial Day military incentive:
- Who's eligible to receive the discount?
All active or retired military personnel and their current spouses are eligible to receive Hyundai's military incentive. Customers (or their current spouse) must be Active Duty, Reservists/National Guard, Veteran, or on Retired status in the U.S. Military at the beginning of the program period (May 20). Those who are serving/have served (or spouse) in the following branches are eligible for the incentive: U.S. Air Force, Army/National Guard, Coast Guard, Marine Corps, Navy, or the Reserves for any of the aforementioned branches.
- How much is the discount?
Eligible service men and women or their current spouse can receive $1,000 toward the purchase of a new Hyundai vehicle between May 20-31, 2016. In most cases, you can receive this discount on top of any existing manufacturer incentives, so make sure to ask about those. Hyundai decided to extend the program from one weekend to two to allow military personnel more opportunities to take advantage of the program.
- Which vehicles are eligible?
Only certain 2015, 2016, and 2017 model year new Hyundai vehicles qualify for the benefit. You'll have to contact your local Hyundai dealer for details on which specific vehicles are eligible.
While eligible participants have to buy a new vehicle in order to take advantage of the discount, it should be noted that Hyundai vehicles come with extensive warranty coverage. All new Hyundai vehicles sold in the U.S. are covered by the Hyundai Assurance program. The program's benefits include a 5-year/60,000-mile new vehicle limited warranty, a 10-year/100,000-mile powertrain limited warranty, and 5 years of complimentary roadside assistance.
Military Auto Loans
U.S. military service men and women often qualify for additional incentives and/or benefits when applying for auto financing, as evidenced by Hyundai's Memorial Day offer. In fact, they are often able to acquire more favorable rates, terms and conditions because military auto loans are tailored to custom fit the needs and lifestyle of members of the armed services.
Military auto loans are a unique type of special financing that many lenders provide in recognition of all that military personnel do and sacrifice. And they offer some distinct advantages over the average car loan:
- A Better Deal and a Faster Approval
Even those with less than perfect credit are often able to get a better deal because military personnel have rock solid job security and an extremely reliable income. This makes an applicant look much more secure, which usually allows the approval process to go very smoothly.
- More Leniency and Flexibility
Lenders who deal in this type of special financing understand all that comes with a job in the military. Sometimes, the job calls for sudden relocation or time away from the country. They know this makes it harder for service men and women to build credit in the traditional manner, so they are more lenient with their credit requirements and more flexible with their payment schedules when it comes to military auto loans.
At Auto Credit Express, we have a tremendous amount of respect and gratitude for the brave men and women who serve our great country and protect the people in it. It's the reason why we offer an extensive network of dealers that offer military auto loan opportunities.
Whether you are looking to take advantage of a military incentive or just trying to get approved for a car loan with bad credit, Auto Credit Express can help. If you need to finance a car, you can begin the process by filling out our 100% free and secure online application. We look forward to helping you!