Complete Car Industry's Abundant October Promotions... "Now All You Have to Do Is Choose"

[Asia Economy Reporter Seong Giho] The domestic completed car industry is offering aggressive purchase benefits in October. The strategy is to continue the domestic demand recovery trend ahead of the year-end peak season.

According to the automobile industry on the 9th, Hyundai Motor Company is providing a 300,000 KRW discount benefit to customers who purchase major models (contracted between October 1 and 16) to commemorate its No. 1 ranking in the National Customer Satisfaction Index (NCSI). The eligible vehicles include Sonata, The New Grandeur, Kona (excluding HEV), Kona EV, Tucson, and The New Santa Fe (diesel).

Additionally, for customers using the standard installment plan (interest rate 4.5~5.0%), initial installment payments are supported. For 36 months, 4% of the principal is supported, and for 48 and 60 months, 3% each is supported. Eligible models include Ioniq HEV (excluding EV), Veloster (excluding N), i30, Kona (excluding EV and HEV), and Tucson.

Veloster and Genesis G70, G90 offer a basic passenger car discount of 2.5% low interest rate this month. For SUVs, Kona and Tucson receive a 2.5% low interest rate benefit, and Santa Fe offers a 1.5% low interest installment plan.

Kia Motors is providing special interest rates of 1.0% (36 months), 2.0% (48 months), and 3.0% (60 months) to commemorate the K5 mid-size sedan’s sales No. 1 event. Additionally, customers who take delivery of a K5 this month and use auto installment financing will receive a Galaxy Watch or Apple Watch, among other gifts.

The Stinger Meister offers a 3.5% special interest rate through the '2030 Start Plan' and provides benefits such as a 48-month deferred installment plan and a 48-month interest-free loan for acquisition and registration taxes. Also, by utilizing the 'Stinger Shift Plan,' customers can receive a 1.0% low interest rate for 36 months and 2 million KRW support when trading in an RV.

Furthermore, customers purchasing the K7 (including HEV) can choose between a 700,000 KRW discount or a benefit package of '1.0% (36 months), 2.0% (48 months), 3.0% (60 months) installment + 400,000 KRW.' Niro HEV customers can also select between a 200,000 KRW discount or the same installment benefit package.

SsangYong Motor is conducting the 'One Heart Project to Overcome COVID-19,' offering up to 2.5 million KRW discount on some models. The maximum interest-free installment period has been extended from 60 months to 72 months (with a 20% down payment).

For SUV models such as G4 Rexton, Korando, and Tivoli, which are not eligible for the One Heart promotion, up to 60 months of interest-free installments are available. Rexton Sports & Khan models enjoy low interest rates ranging from 0.9% to 3.9% (36 to 72 months) or long-term installment benefits.

Korea GM is offering a 10% price support for Malibu, Trax, and Equinox customers limited to 1,000 units. They have also prepared a long-term installment program with double zero 48-month interest-free installments with no down payment or interest, or a 1% interest rate for up to 72 months.

Through the double zero installment program that eliminates both down payment and interest, full interest-free installments are available for Spark up to 60 months, Bolt EV up to 48 months, and Traverse up to 36 months.

Renault Samsung Motors offers customers who purchase the XM3 TCe a choice between a free warranty extension (5 years/100,000 km) and purchase cost support worth 300,000 KRW or 600,000 KRW. Customers who purchase the XM3 GTe receive purchase cost support worth 300,000 KRW.

Also, purchasing the mid-size sedan The New SM6 LPe provides up to 1 million KRW in purchase cost support. SM6 TCe buyers receive up to 500,000 KRW in purchase cost support. For the QM6, customers can choose between purchase cost support up to 2 million KRW or cash up to 500,000 KRW.

Additionally, various benefits such as interest-free and low-interest installment plans and purchase cost support are provided depending on the model, including electric vehicles Renault Zoe, SM3 Z.E, and ultra-compact electric vehicle Twizy.

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