Hyundai Commercial Lowers Interest Rate by 1.5%P on Hyundai Truck Loans for LX Pantos Customers

New Vehicle Purchase Program for LX Pantos Drivers
Special Interest Rate Discounts for Large and Mid-Large Truck Buyers

Hyundai Commercial announced on the 4th that it will launch a 'New Vehicle Purchase Program' offering interest rate discounts to LX Pantos drivers, a domestic comprehensive logistics company.

The program targets drivers purchasing Hyundai's large trucks New Power Truck and Xcient, as well as the mid-large truck Pavise. Vehicles with structural modifications and type approvals equipped with special equipment are also eligible. The special equipment costs can be purchased at discounted interest rates under the same conditions.

LX Pantos logistics transport drivers who purchase new Hyundai vehicles using Hyundai Commercial installment products will receive a special interest rate discount of 1.5 percentage points. The payment period can be chosen by the driver for up to 84 months (7 years).

If the down payment is made with a Hyundai Card, an additional interest rate discount is provided. Large and mid-large trucks receive an additional interest rate discount ranging from a minimum of 0.4 percentage points to a maximum of 1.3 percentage points.

For example, if an LX Pantos driver purchases a large truck with a 36-month (3-year) term, they can buy the vehicle at an interest rate of 4.7% after the discount. With the additional discount from the down payment, the purchase can be made at an interest rate of 3.4%.

A Hyundai Commercial official explained, "By using this program, drivers can apply the industry's lowest interest rates and use new vehicles with monthly payments similar to those when purchasing used cars."

Hyundai Commercial also provides Hyundai Motor's free warranty service, which is expected to help reduce repair cost burdens for logistics transport drivers' vehicles.

Drivers wishing to use the product should decide on vehicle purchase through Hyundai Motor sales representatives and then inquire about the program recommendation review by connecting to the LX Pantos regional transport center.

This program is part of the win-win financial cooperation agreement signed between Hyundai Commercial and LX Pantos in September last year. Since 2018, Hyundai Commercial has been implementing win-win programs supporting financial services for small business owners, such as drivers of home appliance transport vehicles, in cooperation with LX Pantos.

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