I’m located in NYC, went to secure financing for a Genesis GV80, through the dealership. Got a call later in the evening that my payment would bump up $70 because of my credit score. My credit isn’t the best, but never had subprime rates. They pulled Transunion and Experian. Experian is 50 points higher and puts me a little under 700. I am calling back on Monday (if the blizzard allows) to find out if/why the pulled multiple bureaus and chose to use the lower of the two. What are Hyundai rate tiers and should I be walking away because it looks like the purposely chose the lower score? I monitor all my scores through myfico and referred to my Auto Fico8. Any help appreciated.
Correct, in your numeracy, with both scores being on the higher end of what you wrote. She mentioned the scores, I cannot remember, but she stated my scores put me in tier 4, and that lead to subprime rate. I can only assume they are using the lower score, but will ask. I wanted to know how how does Hyundai calculate their tiers.
The dealer wants to get you approved and close a deal, I doubt they’re purposely using any lower score than they have to. Assuming you otherwise had an agreed upon deal then the last thing they want is to have to make that call that your payment is going up $70 due to credit. They’re just going by whatever process HMF has in place.
jeff is correct. The dealer has no control over which bureau, or which scoring model for that bureau, is used. It’s all up to Hyundai Financial as to which one they prefer.
On a loan, you can often find a bank or credit union that scores based on the higher bureau, but on a lease, the captive lender is the only game in town.
First off, thanks the the people who replied to my previous post. After going silent on the dealer, based on their financing tiers, they came back with this deal for 2026 GV80 Select. Located in NYC. Should zero disposal fee and 175 doc fee be documented?
Can you reach out to Transunion and find out what dings you currently have on your credit? This was a few years ago but I was able to call and contest something and they just dropped it off my credit report
