"From Purchase to Used Car Price Guarantee"…Kia Launches EV9 Total Solution
Kia announced on the 4th that it has launched the 'EV9 Total Solution,' which provides benefits throughout the entire lifecycle of the vehicle. The EV9 Total Solution is a program that takes responsibility for the entire vehicle maintenance process, from vehicle purchase to electric vehicle charging, used car price guarantee, and replacement support.
As a purchase support program, Kia operates customized low-interest installment plans for individuals purchasing certain production month inventory of the EV9 Air and Earth trims.
The 'EV9 Exclusive Low-Interest Long-Term Installment' (M Installment General Type), which offers low interest rates for up to 84 months, provides low-interest installments ranging from 0.9% to 4.9% during the 36 to 84-month installment period if a down payment of 10% or more, including subsidies, is made. Choosing the 84-month installment means paying 930,000 KRW per month for the EV9 Air rear-wheel-drive model.
By using the 'EV9 Value Guarantee Installment' (M Installment Deferred Type), which requires paying only 10% of the vehicle price annually, up to 60% of the vehicle price can be deferred until the maturity date. At delivery, a down payment of 10%, including subsidies, is paid, and 30% is repaid with interest over three years. Then, the remaining 60% and interest are paid in a lump sum at the final installment. Although deferred installment interest rates are usually higher than general rates, this program offers a low interest rate of 2.9%.
For corporations, Hyundai Capital supports EV9-specialized lease products. Hyundai Capital is setting the residual value of the EV9 at up to 65% for 36 months. As the vehicle residual value increases, monthly payments decrease, allowing corporations with short replacement cycles to use and return the EV9 at a lower lease fee.
Corporations with longer replacement cycles can pay amounts in a familiar way through installment-type leases. The EV9 exclusive installment-type lease includes acquisition tax, automobile tax, delivery fees, and other initial and management costs in long-term installments, leaving only 1% of the vehicle price unpaid. Installment support is available for up to 84 months, with additional discounts offered.
Kia also supports charging solution benefits as part of its vehicle ownership support program. Individuals or sole proprietors who newly purchase an EV9 can receive Kia Members 1,000,000 points, equivalent to about one year of charging costs, in addition to the basic EV9 new car purchase points (up to 400,000) and EV9 Care Points (450,000).
Furthermore, Kia offers a 'Used Electric Vehicle Price Guarantee' benefit that guarantees the residual value of existing vehicles. Individuals who purchase vehicles through Kia’s exclusive installment program can have their residual value guaranteed based on the used car standard guarantee rate when repurchasing a new Kia vehicle. In this case, EV9 buyers can guarantee up to 60% of the new car purchase price for vehicles less than three years old.
Also, when purchasing an EV9 through the EV9 Value Guarantee Installment (M Installment Deferred Type), customers can receive a replacement support fund of 2,000,000 KRW if they repurchase a Kia electric vehicle model within six months before or after the installment maturity.
Hot Picks Today
"Rather Than Endure a 1.5 Million KRW Stipend, I'd Rather Earn 500 Million in the U.S." Top Talent from SNU and KAIST Are Leaving [Scientists Are Disappearing] ①
- "Most Americans Didn't Want This"... Americans Lose 60 Trillion Won to Soaring Fuel Costs
- As Samsung Falters, Chinese DRAM Surges: CXMT Returns to Profit in Just One Year
- KOSPI 10,000 Era Survival Strategy: Buy the Leading Stocks
- "Why Make Things Like This?" Foreign Media Highlights Bizarre Phenomenon Spreading in Korea
A Kia official said, "We launched the 'EV9 Total Solution' to provide a comprehensive purchase program covering the entire car life," adding, "Kia plans to continuously introduce various exclusive purchase products for electric vehicle customers in the future."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.