Installment and Lease Benefits Combined... Hyundai Capital Introduces 'Installment Lease'

Can be set up to a maximum of 84 months

[Asia Economy Reporter Ki Ha-young] Hyundai Capital announced on the 11th that it will launch an 'installment-type lease' product that combines the advantages of installment payments and leasing.

The installment-type lease allows customers to use their car under better conditions than regular installments while enjoying the benefits of a car lease. Above all, it reduces monthly maintenance costs and initial expenses compared to installments. Generally, installments are available for up to 60 months, but the installment-type lease can be set for a longer term of up to 84 months, lowering the monthly maintenance burden. Additionally, acquisition tax and automobile tax, which are incurred when purchasing a vehicle, can be paid in installments, easing the initial lump-sum financial burden.

Along with this, Hyundai Capital handles vehicle registration and delivery, which can be cumbersome for individuals, as well as payment of fines and penalties on their behalf, and customers can also receive various discounts and promotional benefits applied to lease products.

The installment-type lease also offers an option to own the vehicle by paying only 10,000 KRW at the end of the contract period, allowing customers the freedom to choose between owning or returning the vehicle.

In particular, individual business owners can benefit from reduced regional health insurance premiums by using car leases, and for vehicle models eligible for VAT refunds, there is also a tax-saving effect.

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