Hyundai Capital, New Car Purchase Promotion... "New Grandeur, 36-Month Installment Interest Rate 3%"

Hyundai The New Grandeur and Palisade, 3.0% Applied for 36-Month Installment Plan
Kia RV Exclusive Last Fit Program... Flexible Adjustment of Grace Period and Installment Duration

[Asia Economy Reporter Ki Ha-young] Hyundai Capital announced on the 10th that it will conduct a 'New Car Purchase Promotion' targeting popular models of Hyundai and Kia vehicles to celebrate the New Year.

Low-interest rate events will be held for Hyundai Motor's The New Grandeur and Palisade. Through this promotion, when purchasing these vehicles, an interest rate of 3.0% will be applied based on a 36-month installment plan (with a down payment of 10% or more).

For the Hyundai Sonata, only models produced before November 30, last year (excluding HEV) qualify for a 3.5% interest rate on a 36-month installment plan if at least 10% of the down payment is made using Hyundai Card, along with a 500,000 KRW cashback. Additionally, if the contract is made through Hyundai Capital's 'Digital Auto Finance Application System,' customers can receive an extra 0.1% p interest rate discount.

A promotion targeting major Kia models has also been prepared. Hyundai Capital, together with Kia, is running the Last Fit program, an RV-exclusive program. This program allows customers to adjust the deferment rate, installment period, and additional services according to their financial situation. The installment period can be set in 6-month increments from a minimum of 6 months up to 48 months, and the deferment rate can be adjusted up to 70%, reducing the monthly payment burden. Furthermore, customers using the Last Fit program will receive additional benefits such as free warranty extension, KMC passenger car experience tickets, or gift cards, allowing customers to choose their preferred product.

Low-interest promotions for Kia vehicles are also underway. Popular Kia models such as the new K5, K7, and Mohave can be purchased at a low interest rate of 2.7% (based on 36 months/installment with a down payment of 10% or more).

A Hyundai Capital official said, "We are conducting a new car installment promotion targeting major Hyundai and Kia models," adding, "This will be an excellent opportunity for customers considering purchasing a vehicle in the New Year."

This content was produced with the assistance of AI translation services.