Hyundai Capital and Kia Motors Launch 'Good Start Program'... "No Monthly Payments for 6 Months"

No Monthly Payment for First 6 Months, 200,000 KRW Gift Card Provided
Applicable to Kia Morning, Ray, Carnival, Bongo Models

[Asia Economy Reporter Ki Ha-young] Hyundai Capital announced on the 6th that it has launched the 'Good Start Program' with Kia Motors to reduce the vehicle purchase burden on individual business owners struggling due to the prolonged COVID-19 pandemic.

The Good Start Program targets popular Kia models such as Morning, Ray, Carnival, and Bongo for individual business owners, offering benefits such as waiving monthly payments for the first six months and providing gift cards. It is a 36-month single auto finance product with a 6-month interest-free installment period during which no monthly payments are required, followed by repayment of principal and interest at a special interest rate of 4.0% for the remaining 30 months.

Additionally, there is no down payment restriction, and early repayment fees have been eliminated to allow customers to repay installments anytime according to their financial situation, minimizing the vehicle purchase burden for individual business owners. Furthermore, customers using the Good Start Program receive a gift card worth 200,000 KRW.

Hyundai Capital also prepared the 'Golden Age' promotion for customers aged 60 and above (born before January 1, 1960). This promotion, applicable to Kia models Morning, Ray, K3, Niro Hybrid, Stonic, and Sportage, offers a 200,000 KRW vehicle discount and zero down payment installment benefits. The zero down payment installment is an auto finance product where customers pay a 10% down payment with Hyundai Card and pay installments over 100 months at a fixed interest rate of 4.5%, reducing the monthly payment. Additionally, customers who purchase vehicles through the zero down payment installment receive a comprehensive health checkup voucher worth approximately 700,000 KRW.

A Hyundai Capital official stated, "We prepared this promotion to minimize the vehicle purchase burden on individual business owners amid the recent difficult economic conditions," adding, "We plan to continue developing customized auto finance products that reduce customers' vehicle purchase burdens during challenging times."

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