You don't have any saved vehicles!
Look for this link on your favorites:
Once you've saved some vehicles, you can view them here at any time.
If you’re shopping for a new Hyundai model you may have heard the term “unsecured car loan.” What is an unsecured car loan? An unsecured car loan is a loan where the car isn’t considered as collateral, instead a loan is approved based on the credit history of the borrower and requires a co-signer. Learn more about the differences between secured and unsecured car loans with Hyundai of Asheville below, or contact our team if you have any questions about our car financing process.
Usually car loans are secured. Unsecured car loans are mostly given for home repairs or upgrades – situations where there isn’t an item a lender can use as collateral. There are many places in Black Mountain where drivers can get an unsecured car loan, but special care and attention to detail need to be used. Before you sign an unsecured loan, make sure you understand the fine print and the overall details of the loan you’re taking out.
The main difference between secured and unsecured car loans is if there is an object being used as collateral. In a secured loan, the car serves as collateral and the lender can take the vehicle back if the borrower stops paying. An unsecured loan uses a co-signer instead of collateral. The co-signer is an individual who agrees to take over the loan payments in the event that the borrower stops paying or is no longer able to pay. See the other important differences between secured and unsecured loans below:
Unsecured Auto Loans
Secured Auto Loans
For Hendersonville drivers who don’t want to risk losing their vehicle, an unsecured auto loan can provide more peace of mind. However, a secured loan might be easier to acquire for drivers who have a poor credit history or no credit history.
If you’re considering getting a loan for home improvements or another Weaverville project, you may be wondering which option is best for you. A secured loan will be easier to come by since there is more protection for the lender when a vehicle is used as collateral. Secured loans may also come with lower interest rates. While an unsecured loan can come with shorter terms and higher interest rates, drivers won’t risk losing their vehicle. The loan you pick will ultimately be decided by your circumstances and your finances.
Whether you’re ready to apply for financing or if you want to learn more about what credit score is needed to finance a car, you can rely on our expert finance team and car buying tips. Reach out to our Asheville dealership today with your financing questions!
When you’ve explored the 2022 Hyundai Kona configurations and picked out the right one for your Black Mountain commutes, you will find it is easy to finish configuring your new SUV when there’s a color palette with distinct hues for every personality type. From cool, dark hues to eye-catching ones, the Hyundai Kona colors are…
If you’re in the market for a new subcompact vehicle, the Kona might just be the perfect fit. Its impressive performance and fuel economy leads its class, and delivers an enjoyable experience for those in Hendersonville. Learn more about the Hyundai Kona trim levels with Hyundai of Asheville. Then, come see this impressive vehicle, including its color…
The Hyundai Elantra received a full design for its 2021 model year, ushering in a new generation for this compact sedan. Black Mountain shoppers will find the driver-focused Hyundai Elantra interior perfectly meets their needs with comfort and connectivity features, while also offering three color options for drivers to choose from at Hyundai of Asheville. Learn more…