Credit Rebuilding Program

Understanding Bad Credit

Firstly, bad credit (subprime or poor credit) doesn't mean you're a bad person. There are a number of factors that can influence a credit ratings thus determining how good/poor the credit rating score is. These factors can include late or missed payments with other creditors, bankruptcy, foreclosure (defaulting on a loan), no or little credit history, or having a poor debt to income ratio. You may have a poor credit rating right now, but it doesn't have to stay that way in the future. It is possible to re-build your credit and securing a subprime auto loan may help. Please call the dealership and ask to speak with a Financial Services Manager to discuss the specifics of your situation.

Understanding your Credit Rating

There are three main credit bureaus, Equifax, Experian and TransUnion. Although they each use slightly different qualifications, typically the credit rating remains the same. Below are the following credit ratings.


Excellent Credit  

740 to 850

Good Credit

680 to 740

Acceptable Credit

620 to 680

Subprime Credit

550 to 620

Poor Credit

300 to 350

First-Time Buyer

First Time Buyer Defined:
an applicant with no previous automotive credit experience or an applicant with "thin" credit history (credit bureau with less than 3 open credit lines, less than 23 months on file or no active credit lines for more than 5 years).

If you're a first time buyer with little to no credit we can help get your first vehicle financed. In fact, Hyundai Motor Finance has a policy in place for persons in your situation! Our Finance team would feel privileged to help you get your first vehicle financed.

I am a first time buyer - how do I qualify?

·        Min. 3 months employment

·        Proof of Income (paystubs) or Letter of Employment

·        2 References

Understanding Bankruptcy
Bankruptcy understandably is a tough situation to be in but the good news we maybe able help you finance a new or pre-owned vehicle. We encourage you to speak with one of our Financial Services Managers, tell us your story and hopefully we can start the pre-approval process. We fully understand bankruptcy is not a reflection of you as an individual and sometimes things can happen that are beyond our control. Let us try to get you into a reliable vehicle so you can start rebuilding your credit. 


Precision Hyundai

130 Glendeer Circle SE
Directions Calgary, AB T2H 2V4

  • Sales: (866) 497-6167


  • Monday 9:00am to 9:00pm
  • Tuesday 9:00am to 9:00pm
  • Wednesday 9:00am to 9:00pm
  • Thursday 9:00am to 9:00pm
  • Friday 9:00am to 6:00pm
  • Saturday 9:00am to 6:00pm
  • Sunday Closed

Make an Inquiry