If You're Considering Your First Car, an Electric Vehicle... Hyundai Capital's Auto Finance 'Cheongnyeon Lease' Draws Attention

Youth Standard Lease Program for 2030 Customers
Exclusive Car Financing Promotion for Hyundai N Models

Hyundai Capital announced on the 26th that it will launch a car financing promotion that reduces the monthly payment burden when using Hyundai Motor's electric vehicles and Hyundai N series models. It also prepared generation-specific customized car financing programs, including the 'Hyundai EV Youth Standard Lease' for young adults starting their careers.

They introduced the Youth Standard Lease program for customers in their 20s and 30s who want to choose an electric vehicle as their first car. This program combines electric vehicle subsidies with special lease discounts from Hyundai Motor and Hyundai Capital. Customers aged 19 to 34 who purchase an electric vehicle for the first time in their life receive an additional 20% national subsidy from the Ministry of Environment.

For example, a general customer using the program can drive the Ioniq 6 (vehicle price 46.95 million KRW) for 490,000 KRW per month over 36 months. Customers aged 19 to 34 can get the Ioniq 6 for 410,000 KRW per month, which is 80,000 KRW cheaper per month, by receiving the additional subsidy discount under the same conditions.

The eligible models for the program are Hyundai Motor's The New Ioniq 5, 2024 Ioniq 6, and 2024 Kona Electric.

A Hyundai Capital official said, "The Youth Standard Lease is the perfect program for 2030 customers who hesitate to purchase electric vehicles," adding, "It is an excellent opportunity to use electric vehicles by receiving subsidy benefits of up to 10 million KRW."

Hyundai Motor's high-performance lineup 'Hyundai N' can also be accessed reasonably through Hyundai Capital's newly launched 'N-Finance.'

Hyundai Capital explained that N-Finance includes differentiated services tailored to buying, driving, and selling Hyundai N vehicles. This differentiates it from other financial companies that only provide installment services when purchasing vehicles. The eligible models are the Ioniq 5N and Avante N.

By using Hyundai Capital's 'N-Finance Installment' to purchase the Hyundai Motor Avante N (vehicle price 33.09 million KRW), customers only need to pay a monthly installment of 110,000 KRW over 36 months. Customers pay 30% of the vehicle price as a down payment using Hyundai Motor exclusive cards or Hyundai Card M series cards, and defer up to 65% of the vehicle price to be paid at the end of the term. The deferred payment at the end of the installment period can be paid using the pre-guaranteed used car resale price. No additional costs are required when returning the vehicle.

Hyundai Capital's 'N-Finance Lease & Rent' offers two options: a 'discount type' that provides additional monthly payment discounts, and a 'value-added service type' (available for lease only) that grants driving privileges at a car racing dedicated circuit.

Customers who choose the value-added service type receive an annual package including a one-night stay at a Superior room at the Inje Speedium Hotel, a car theme park located in Inje, Gangwon Province (for two people), a 50,000 KRW F&B voucher, and four circuit driving tickets.

A Hyundai Capital official said, "We presented promotions that only Hyundai Capital, the exclusive financial company of Hyundai Motor Group, can offer to customers," adding, "It is a great opportunity to use Hyundai Motor electric vehicles and Hyundai N models reasonably."