Hyundai Commercial and HD Hyundai Construction Equipment announced on the 18th that they will conduct a '15t Wheel Excavator Interest-Free Grace Period Promotion' to reduce the burden of purchasing excavators.
With this promotion, customers who purchase equipment will not have to pay principal or interest for the first two months, and thereafter will pay installments using an equal principal and interest repayment method. Eligible applicants are customers who purchase the 15-ton wheel excavator 'HW155A' from HD Hyundai Construction Equipment during July and August. The payment period is offered for up to 84 months, including the initial interest-free grace period. Detailed information can be found on the Hyundai Commercial website.
Hyundai Commercial is a captive finance company of Hyundai Motor Group's commercial vehicle division. As a company specializing in industrial and corporate finance, it provides customized financial products such as installment plans and leases to customers who purchase commercial vehicles and construction equipment. It has also expanded its business area by entering the investment finance market.
A Hyundai Commercial representative stated, "We are conducting this promotion to ease the initial financial burden on excavator owners who are facing difficulties due to the economic downturn and interest rate hikes," adding, "We will continue to offer various financial products and benefits in cooperation with HD Hyundai Construction Equipment."
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