Hyundai Evolve Retail Financing

Ask the Hackrs Buy/Finance
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1

. While investigating lease end options, I found a Hyundai program called Hyundai Evolve Retail Financing. Not to be confused with just plain Hyundai Evolve, which is a auto subscription service, Evolve Retail is apparently a ballon financing option meant to incorporate elements of both buying and leasing.

Best I can tell, you finance the depreciation - at a higher interest rate than leasing - but the rent charge is deferred as part of a balloon payment at the end of term, but you don’t have to make the payment if you return the car.
2022-hmf-retail-advantage-brochure (1).pdf (3.4 MB)

None of the dealers I’ve spoken to have any idea about it.

Anyone know how it works?

2

Well considering you are in CA, that’s why no one knows

https://www.carsdirect.com/deals-articles/how-it-works-hyundai-evolve-retail-financing

1 Like
3

Thanks. I had actually seen that. But nobody can give me an interest rate or confirm that the residual is the only amount that’s financed. Not sure that’s a California thing or a Hyundai thing.

4

Also that carsdirect article is from 2022 - I’ve seen elsewhere that it’s now available in all states except like Maryland and DC and one or two others…

5

call up a TX dealer and ask. It’s not that hard, a CA dealer won’t do your ‘homework’ as they only care for things they can control.

6

I’ll try that.