Hyundai Capital "Carnival, Drive Worry-Free for One Year"
May New Car Installment Promotion
No Monthly Payments for 1 Year on Kia Carnival
Low Interest Benefits on The New Grandeur, Palisade, and New K5
[Asia Economy Reporter Ki Ha-young] Hyundai Capital announced on the 6th that it will conduct a new car installment promotion targeting major models of Hyundai Kia Motors in celebration of Family Month in May.
First, a 'Hope Plan 365 Free' promotion will be held for Kia Motors' representative family car, the Carnival. Through this promotion, customers can use the vehicle without monthly payments for the first 12 months of the 48-month installment period. For the following 36 months, a special interest rate of 3.2% will be applied. The down payment condition and early repayment fees are waived, allowing customers to repay the installments anytime according to their financial situation. Hyundai Capital offers the same benefits for other major Kia models such as the Morning, K7, Sportage, and Bongo.
Low-interest promotions are also available for Hyundai Kia Motors' latest popular models. Hyundai Capital has reduced the purchase burden for Hyundai Motor Company's The New Grandeur (including HEV) and Palisade. If the down payment is made with Hyundai Card and the installment contract is signed through Hyundai Capital's 'Digital Auto Finance Application System,' customers can receive a low interest rate benefit of 2.9% for 36 months. Additionally, low-interest promotions are offered for Kia's new K5, K7 Premier, Mohave, and Seltos. Purchasing these models through the Digital Auto Application System applies an interest rate of 2.4% for 36 months.
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Special purchase programs are also prepared by model. Hyundai Capital is conducting a special installment program for Hyundai Motor Company's Genesis brand. For the Genesis G70 and G90, an interest rate benefit of 1.8% is provided, and for the 2nd generation G80 (DH model), an ultra-low interest rate benefit of 0.1% is offered. Along with this, from May 11, a self-repayment promotion allowing the Kia Stinger to be used for 170,000 KRW per month (vehicle price 34,470,000 KRW, based on 10% down payment) will be conducted. This product guarantees a deferment rate of up to 80% of the vehicle price and allows the remaining installment to be repaid in the last month. There is no early repayment fee, so customers can adjust their monthly payments according to their financial situation.
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