Hyundai Boosts Bonus Cash in October, Continues Low Car Loan Rates

Hyundai’s October new car incentives are very similar to what the automaker has offered the past few months. Hyundai is offering low auto loan rates, cash incentives and discounted leases in October. Hyundai has increased the number of vehicles with bonus cash this month though.

Shoppers can purchase a new 2010 or 2011 Hyundai with 1.9, 2.9, 3.9 or 4.9 percent car loan rates this month, which vary depending on the length of the auto loan and the model. The Accent, Elantra, Elantra Touring, Genesis, Genesis Coupe, Santa Fe, Sonata, Tucson and Veracruz are all available with Hyundai’s low car loan rates. The auto loans are available up to 60 or 72 months, which allows you to stretch out your payments, making them lower each month. Although you’ll pay more in interest over the length of the loan, low monthly auto loan payments are a benefit to a lot of car shoppers.

In addition to the low auto loan rate, the 2010 Elantra Touring and Santa Fe have $500 in bonus cash, while the 2010 and 2011 Accent and 2010 Elantra have $1,000 in bonus cash. Hyundai says on its site the bonus cash must be used toward your down payment.

Hyundai Veracruz

The $28,145 2011 Hyundai Veracruz has $1,000 cash back in addition to 2.9 or 3.9 percent auto loan financing in October.

Customer cash back is different from bonus cash, and while most automakers don’t allow you to combine cash back with a low auto loan rate incentive, Hyundai is allowing you on certain models. But the cash back incentive can’t be used with a lease incentive. Hyundai is offering cash back of $500 to $2,500 in October on select models.

Hyundai’s auto lease incentives in October are all 36 months long, except for the 2010 Elantra and 2011 Elantra Touring, which are only 24 months long. Hyundai also has lease incentives on its Genesis, Genesis Coupe, Sonata, Tucson and Veracruz. Monthly lease payments range from $159 to $399 and you’ll need a couple thousand dollars at signing.

Hyundai is also continuing to offer its valued owner and competitive owner coupons in October.

Incentives listed are for the southeast region. They may differ depending on where you live. Check Hyundai’s site to find the incentives in your area.