Should You Refinance Your 2024 Hyundai IONIQ 6 Loan?
Yes, refinance your used car loan right now. Rates have dropped since 2024. You save money if you cut your rate by 1% or more. This covers fees and frees up cash each month. Drivers who refinanced in late 2025 lowered payments by $77 on average. They cut rates by 2.08% for $900 in yearly savings. Navy Federal members saved $74 monthly by switching lenders.
Current rates start above 4%. They go up based on your credit score and loan term. Top lenders offer 5.77% to 5.97% APR on your 2024 Hyundai IONIQ 6. These rates beat most dealer loans from 2024.
When Refinancing Saves You Money
Refinance if your situation matches these:
- Your credit score rose since 2024. Six to 12 months of on-time payments qualify you for better rates.
- Your dealer added a markup. Dealers charge more than banks or credit unions.
- You drop your rate by 1% or more. This offsets fees and increases savings.
Check Eligibility Rules First
Lenders set strict rules. Meet them to qualify:
| Requirement | Details |
|---|---|
| Loan Age | At least 90 days old |
| Payoff Amount | $4,000 to $99,999 |
| Vehicle Miles | Under 120,000 |
| Time Left | 12+ months on loan |
Your 2024 Hyundai IONIQ 6 meets most rules. It qualifies for top rates.
Steps to Refinance Your IONIQ 6 Loan
Follow these steps to lock in lower payments:
- Gather your loan details: rate, balance, and payoff amount.
- Check your credit score. It determines your rate options.
- Compare lenders: banks, credit unions, and online choices.
- Pick the offer that saves you the most.
- Calculate your new monthly payment.
Sidekick lets you compare rates quickly for your IONIQ 6.
Lower rates build savings over time. Your Hyundai holds strong value, so lenders compete for your loan. Shop at least three lenders. Cut your payments today and save for gas or upgrades.