Renault Korea Launches 'Guaranteed Residual Value' Program

Grand Koleos and Filleant Available in May

Are you familiar with guaranteed residual value programs?

On May 15, Renault Korea announced that it will be offering a guaranteed residual value purchase program and test drive events for customers who purchase vehicles in May.

This program is a system in which a financial institution or manufacturer guarantees a certain level of the vehicle's predicted used car value when you resell it after several years.

Renault Korea has decided to provide a guaranteed residual value benefit of up to 67% over three years for customers purchasing the Grand Koleos and Filleant. For customers using certain financial programs, a guaranteed residual value rate of up to 69% may also be applied depending on conditions.

The company added that it is also offering purchase programs aimed at lowering the initial financial burden through MFS’s guaranteed residual value installment plan and smart deferred installment plan.

The Grand Koleos is a mid-size SUV model that boasts strengths in safety, interior space, and advanced driver assistance features. Renault Korea stated that cumulative sales since its launch last year reached approximately 69,000 units as of April this year.

The Filleant, a large crossover model released this year, is Renault’s flagship model, equipped with a hybrid system and AI-based connectivity features.

Renault Korea will also hold test drive events for the Filleant and Grand Koleos hybrid models at showrooms across the nation. In addition, it plans to operate a nationwide roadshow program, touring cities such as Daejeon, Gwangju, Daegu, and Busan.

Renault Fuyant.

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