If You Pay 1% Down, Get 1.8% Interest Rate
With Hyundai Capital Products
Enjoy Industry-Low 3-4% Installment Rates for 3 Years
Owners of Hyundai and Kia electric vehicles such as Ioniq, Kona EV, and Niro EV can reduce their monthly payment burden and enjoy low-interest benefits by using Hyundai Capital financial products.
Hyundai Capital announced on the 7th that starting this month, it will run a promotion offering monthly payment discounts and low-interest benefits on lease and rental installment products for Hyundai and Kia electric vehicles.
Monthly payments for Hyundai electric models Ioniq 5, Ioniq 6, and Kona EV will be reduced. In particular, when using Hyundai Capital’s lease product for Kona EV over 24 months (2 years), the monthly payment will be cut from the existing 640,000 KRW range to about 460,000 KRW.
Installment interest rates will also be lowered. By deferring part of the principal until maturity, the monthly payment burden is eased. Customers using Hyundai Capital’s 'Mobility Deferred Installment Product' will receive a 1.8% interest rate for 36 months (3 years) when purchasing Hyundai models Ioniq 5, Ioniq 6, Kona EV, and Porter EV. This product is available to anyone who makes a down payment of 1% or more of the vehicle price using a Hyundai Card or Hyundai Card M series card.
Services are also available for Kia EV3, EV6, EV9, Niro EV, and Ray EV. By using Hyundai Capital’s 'K-Value' installment product, customers can purchase vehicles at a 3.9% interest rate for 36 months. The K-Value installment reduces monthly payment burdens and guarantees the used car price (residual value). Customers who make a down payment of 1% or more of the vehicle price using a Hyundai Card M series card can receive low-interest benefits. Up to 60% of the vehicle price can be deferred until maturity. If a K-Value installment customer sells the vehicle as a used car and repurchases a Kia vehicle, up to 60% of the vehicle price is guaranteed as the used car price.
For major Hyundai and Kia electric vehicle models, using the 'Hyundai Mobility Standard (Fixed Interest Rate)' product applies a 4.0% installment interest rate for 36 months. Using the 'Kia M Installment Standard (Fixed Interest Rate)' product requires paying installments at a 3.9% interest rate for 36 months.
Low-interest benefits also apply to internal combustion engine vehicles. When purchasing Hyundai or Kia internal combustion vehicles using the 'Hyundai Mobility Standard (Fixed Interest Rate)' product, a 4.6% interest rate applies for 36 months. The 'Kia M Installment Standard (Fixed Interest Rate)' product offers 4.5% for 36 months. These are among the lowest rates in the industry.
A Hyundai Capital official said, "Since the electric vehicle subsidies were finalized last month, we expect electric vehicle purchase demand to increase significantly starting this month, so we launched promotions for financial products such as leases, rentals, and installments. Customers will be able to enjoy various benefits tailored to the vehicle lifecycle, including various discounts, low-interest benefits, and used car price guarantees."
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