Welcome to Conicelli Hyundai's Finance Department.
We've highlighted some current special offers on our Specials pages. Or call our Internet hotline, 1-888-266-4235, to speak with a representative.
Contact a Finance Manager
Conicelli Hyundai finance managers have experience with all types of credit situations. Whether you are a first-time buyer, or in the process of replacing your current vehicle, Conicelli managers want to answer all your questions to your complete satisfaction. Use the Contact Us link above to request assistance, or click to view our management team.
1200 Ridge Pike
Conshohocken, PA 19428pause
Loan payments contribute to the eventual ownership of a vehicle, while lease payments apply only to the short-term use of a car.
Owning a lease vehicle is possible if purchased outright after the lease period ends.
A typical lease period runs between 24 and 48 months.
Three important factors - adjusted capitalized cost, residual value and the money factor - determine the monthly rate of a lease.
Closed-end leases set a fixed residual buy price at the beginning of the term, while open-end deals base the final buy price on a vehicle's actual market value at the end of a lease.
Pay more money down initially to reduce monthly loan payments. Otherwise, a typical down payment ranges between 10 to 20 percent of the total cost.
Many used vehicles require down payments of at least 20 percent and include interest rates between 9 to 10 percent.
Lease agreements usually limit mileage from 12,000 to 15,000 miles annually. Beyond these figures, fees in the range of $0.10 to $0.25 per mile begin to accumulate.
If you plan on customizing your vehicle, you need to finance with a loan. Leased vehicles must be returned under factory specification.