Afternoon Friends!
I’ve never shopped Hyundai before and I’m hoping someone can give me some insight on the current Hyundai credit tiers and the associated credit scores required. For example, what makes tier 1 versus tier 2, 3, etc.? I guess it would also be helpful to know which bureau/score they tend to use.
Thanks!
Last I checked, HMF uses Experian Fico Auto Score 8. (edited out bad info, please look below for Jeff’s breakdown on score to tier breakdown). As for the score breakdown and what is the cutoff for something like a tier 3, that I do not know.
Tier 1 is 740+
Tier 2 is 720-739
Usually Tier 1 and Tier 2 have the same rates
Tier 3 is 700-719 and rates are very different
Waiting for the obligatory , what about people with 540? 
Too high for people buying Hyundais
Thanks everyone for the input. I’m thus far only familiar with Mazda and BMW so was curious.
You won’t get that from me. I’ve never had to be concerned with that.
Are these typically the same for Kia/KMF as well?
KMF is HMF with a slightly different name.
Exactly the same for KMF
I figured. Thanks again!