Hyundai Capital Launches Kia Electric Vehicle Specialized 'E-Life Solution'

Providing Affordable Payment Fees and Recharge Discount Benefits

Hyundai Capital announced on the 14th that it will launch a 36-month lease product called ‘E-Life Solution’ for Kia electric vehicle buyers, following Hyundai Motor Company.

The E-Life Solution offers lower usage fees compared to installment purchases when leasing Kia’s major electric vehicle models such as Ray EV, Niro EV, EV6, and EV9. The residual value at the end of the contract is set at 60% of the vehicle price, reducing the payment burden on customers.

For example, if you purchase a Kia EV6 worth 58.24 million KRW on a 36-month installment plan with a 25% down payment, you must pay 1.06 million KRW monthly. However, if you lease it, you only need to pay 350,000 KRW per month. The Ray EV is available for 190,000 KRW, the Niro EV for 290,000 KRW, and the EV9 for 690,000 KRW per month.

Various benefits are also provided. E-Life Solution users receive a 50% discount on electric vehicle fast chargers for up to 300 kWh per month, amounting to a maximum benefit of 45,850 KRW monthly. Through the ‘Battery Life Care’ service, customers who maintain their EV batteries well are rewarded with 300,000 KRW at the end of the contract.

A Hyundai Capital official stated, “We have launched an exclusive electric vehicle product with exceptional monthly fees and various additional benefits for customers who want to use Kia electric vehicles through leasing.”

[Photo by Hyundai Capital]