Hyundai Capital, Kia Exclusive Financial Promotion

Operation of Various Programs Including All-in-One Care and Start Plan

[Asia Economy Reporter Ki Ha-young] Hyundai Capital announced on the 2nd that it will conduct various financial promotions together with Kia to welcome spring.

First, it introduced a new 'All-in-One Care Program' exclusively for customers in their 50s and 60s. This program offers various services to customers purchasing K-series (K3, K5, K7, K9) and Sportage vehicles. The All-in-One Care Program combines the advantages of installment financing and long-term rental cars, allowing customers to pay a fixed amount monthly and receive regular vehicle inspection services. Based on Kia's mid-to-large sedan K7 (priced at 33.05 million KRW), using this program for 5 years can save about 1.27 million KRW compared to the new car installment program.

The All-in-One Care Program also provides various services necessary for vehicle use. Hyundai Capital handles everything from vehicle registration to delivery in a one-stop process, enabling customers to conveniently receive and use their vehicles. During the usage period, vehicle experts visit every 12 months to conduct condition checks and provide engine oil changes (a total of 4 times during the contract period). Additionally, Hyundai Capital takes care of procedures such as automobile tax, insurance fees, and fine payments incurred during vehicle use, reducing customers' inconvenience.

Hyundai Capital also offers special purchase benefits for major Kia models (Morning, K-series, Mohave, Stinger, etc.). For the entire month of March, customers using Hyundai Capital's 24-month installment product can enjoy interest-free benefits, and for the 36-month product, an ultra-low interest rate of 0.9% is available.

Moreover, the 'Start Plan' program for customers in their 20s and 30s continues with an expanded range of eligible models (adding K5, Soul, Stonic, Niro HEV). The Start Plan program offers installment principal deferment benefits to significantly reduce the burden of vehicle purchase and provides fuel discounts and vehicle management services. Any customer aged 20 to 39 purchasing eligible models can use this program.

Regarding installment principal deferment, up to 57% of the vehicle price can be deferred, reducing the monthly payment to about half compared to general installment products. The deferred amount can be repaid in a lump sum when paying the last installment, or if the customer wishes to exchange for another Kia model, they can conveniently sell the vehicle using the 'Used Car Price Guarantee Service' and repay the remaining deferred amount.

For fuel discounts, customers can receive a 300 KRW per liter discount at GS Caltex for one year after delivery (up to 90 liters per month). Additionally, the K-Style Care+ service, which guarantees protection against vehicle exterior damage, is provided to reduce the burden of vehicle maintenance.