"No Payment Burden for One Year"…Kia Motors Launches Hope Plan 365 Pre-Purchase Program

48-Month Installment Period with Initial 12 Months No Payment Benefit

Kia Motors Launches Hope Plan 365 FREE Purchase Program (Photo by Kia Motors)

[Asia Economy Reporter Kim Ji-hee] Kia Motors announced on the 6th that it has launched a new concept purchase program called the ‘Hope Plan 365 Free (FREE) Program,’ which allows customers to use a vehicle for one year without any payment burden.

This purchase program offers a benefit of no payments for the first 12 months during the installment period. Specifically, individual and sole proprietor customers who purchase a Kia vehicle in April and use this program can use the vehicle without monthly payments for the initial 12 months of the 48-month installment period, and then repay the principal and interest over the remaining 36 months with a special interest rate of 3.9%. Eligible models include Morning, Ray, K3, K7, Stinger, Soul, Stonic, Sportage, Carnival, Bongo, and personal taxi models (K5 and K7), excluding electric and hybrid models.

The program can be used without any down payment restrictions, and early repayment fees are waived to allow customers to repay installments anytime according to their financial situation. Additionally, customers who make a down payment of 10% or more using Hyundai Card M series cards and use Hyundai Capital Smart Installment can receive an additional 0.6% interest rate reduction, resulting in a 3.3% interest rate.

A Kia Motors representative said, “We have prepared this unprecedented purchase program with no monthly payments for the first 12 months to ease the burden on customers during economically difficult times,” adding, “We will continue to strive to develop products that meet actual customer needs by considering market conditions.”

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