Service Now, Pay Later - Service & Parts Financing in West Palm Beach, FL
Service & Parts Financing FAQs
What is service and parts financing?
Service and parts financing allows you to break up the cost of vehicle repairs, maintenance, or genuine Hyundai parts into manageable monthly payments. Instead of paying the full amount upfront, approved customers can finance eligible services and pay over time.
What types of services can be financed?
Service financing can typically be used for many common and unexpected vehicle needs, including brake repairs, tires, batteries, major maintenance services, and certain parts purchases. Financing can also help cover larger repair costs that may be difficult to pay all at once.
Is a down payment required?
Yes. An amount due at checkout is required for financed service or parts purchases. The required amount varies based on approval details, loan terms, and other factors related to the application.
What interest rates and terms are available?
Financing rates generally range from 8.99% to 35.99% APR, with multiple loan term options available. Rates and terms depend on factors such as creditworthiness, loan amount, and state of residence. In some cases, 0% APR promotional plans may be available for specific terms to qualifying customers.
Will applying for service financing affect my credit?
Account openings and payment activity are reported to a major credit bureau. This means responsible repayment can help build credit history, while missed payments may negatively affect credit.
How long is a pre-qualification valid?
A completed pre-qualification is typically valid for 28 days, as long as the applicant continues to meet the eligibility criteria used during the original review.
Who is eligible to apply for service financing?
Applicants must be at least 18 years of age and meet credit approval requirements. Final approval and loan terms are based on creditworthiness and other qualifying factors.
Who provides the financing?
Service and parts financing is facilitated through Sunbit. Loans are issued by Transportation Alliance Bank, Inc., doing business as TAB Bank, which determines credit qualifications and loan terms.
Why use financing for vehicle service instead of delaying repairs?
Putting off necessary service can sometimes lead to larger and more expensive repairs later. Financing allows drivers to address important maintenance or safety-related repairs promptly, helping keep their Hyundai running reliably without waiting until full payment is available.
Can financing be used for routine maintenance?
Yes. Financing can often be used for both routine maintenance and larger repair services. This can be especially helpful for services that coincide with major mileage intervals or unexpected part replacements.
