Hyundai Capital announced on the 25th that it will launch 'Hyundai Capital Australia,' providing exclusive financial products and services to Hyundai Motor Group customers in Australia. Hyundai Capital Australia is Hyundai Capital's 12th global financial subsidiary, and its brand name is 'Hyundai Finance.'
Hyundai Capital Australia will offer installment products optimized for each Hyundai model sold locally. Based on Hyundai's high global credit rating, it will also provide competitive interest rate benefits. Additionally, it plans to operate used car installment products that can be used when purchasing Hyundai's Certified Pre-Owned (CPO) vehicles.
The most representative product is the 'Guaranteed Future Value (GFV)' installment plan, which reduces the monthly payment burden. Customers only pay the remaining amount after subtracting the used car price (residual value) at the end of the installment period. Upon maturity, customers can either pay off the remaining loan balance and own the vehicle or return the car and settle the remaining installment balance.
Earlier, Hyundai Capital Australia launched the 'Genesis Finance' brand in the Australian market last month and started a low-interest installment promotion for the Genesis GV80. In the first half of next year, it plans to introduce 'Kia Finance' and actively expand its sales activities.
Furthermore, Hyundai Capital Australia intends to significantly reduce approval times by adopting Hyundai Capital's independently developed global IT system. It will establish a convenient digital process allowing customers to submit contract documents online and operate AI chatbots and real-time chat consultation services 24 hours a day.
Jung Hyung-jin, CEO of Hyundai Capital, said, "Hyundai Capital Australia will provide differentiated financial products and services that meet local customers' needs based on a strong partnership with Hyundai Motor Group," adding, "To support Hyundai Motor Group's sales growth in key global markets, Hyundai Capital plans to continuously expand its global business."
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