Eligibility includes graduates and candidates for graduation attending an accredited four-year college, (or university), nursing school, an accredited two-year college or an accredited masters or doctorate program. Candidate must be currently employed or have verifiable proof of employment to begin within ninety (90) days of approval and meet minimum income and payment-to-income requirements. Eligible college students will be within six (6) months of graduation or up to twenty-four (24) months after graduation.
Program Highlights:
- Additional $400 HMFC rebate
- No down payment required!
- Term of up to 60 months.
- 90 days to first payment.
- Payment to gross income up to 20%.
- As low as $2000 gross monthly income.
- HMFC $400 rebate (all models!) is in addition to any other HMA rebate.
- Dealer finance participation up to 2% over buy rate or standard flats.
- All new and previously untitled Hyundai vehicles are eligible, including demonstrators
- with less than 7,000 miles.
- Applicants with bankruptcies, foreclosures, repossessions, collection accounts, charge offs,
- tax liens, judgments or any other delinquent credit are not eligible for this special program.
- Applications will be approved at a minimum B Tier rate and standard advance level.
- Increased advance program not eligible.
- Applicants must show proof of valid in force collision insurance.
- HMA & HMFC rebates (if applicable) must be applied to the contract.
- HMFC $400 rebate will be paid to the dealer monthly by HMFC.
- Not eligible with Low APR programs.
Please indicate "College Graduate" on each application. A copy of the graduate's diploma or letter from the college or university registrar's office including date and type of degree is required. Program subject to change at HMFC's discretion.
This program cannot be used in combination with any other HMFC special programs in place at time of approval. $400 HMFC College Graduate rebate can only be applied to HMFC bookings. This bulletin supersedes bulletin # 2002-74 College Graduate Program.
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