Kia Motors Launches Full Initial Cost Installment Purchase Program

[Asia Economy Reporter Kiho Sung] Kia Motors announced on the 11th that it has launched a new purchase program called the ‘Full Initial Cost Installment Purchase Program’ to alleviate the burden of purchasing vehicles.

The ‘Full Initial Cost Installment Purchase Program’ is a purchase program that offers benefits such as ▲ full installment payment of the vehicle price ▲ additional loans amounting to approximately 25% of the vehicle price.

Kia expects that through the launch of this purchase program, customers’ burdens related not only to the vehicle price but also to various initial costs incurred when purchasing a vehicle can be significantly reduced.

Specifically, individual and sole proprietor customers who take delivery of Kia vehicles in May and use this purchase program can select their preferred installment period among 36, 48, or 60 months and repay the installment amount and additional loan amount using the equal principal and interest method.

Additionally, the loan amount equivalent to 25% of the vehicle price is eligible for a waiver of early repayment fees.

Meanwhile, Kia will continue to operate the ‘365 FREE’ program, a one-year no-payment purchase program launched last month, in May due to strong customer response, and plans to add the Niro HEV to the eligible models.

A Kia official said, “Various initial costs incurred when purchasing a vehicle can often be burdensome, but we have minimized customer burdens through this new purchase program that supports even beyond the vehicle price,” adding, “We will continue to introduce various purchase programs for our customers.”

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