"Genesis Drivers, Have You Taken Advantage of Smart Savings on Purchase Costs?"

Lease and Rent: Special Triple Discount Benefits
Smart Installment Purchase Tailored to Your Lifestyle
Another Benefit: "Trade-in"
Two Customers' Smart Choices

#A self-employed man in his 30s, surnamed Kim, who is currently looking into buying a car, has fallen victim to what is known as "BotaeBotae-byeong" (a tendency to keep adding options). Initially, he considered a standard domestic sedan, but as he kept adding options one by one, he eventually ended up looking at a Genesis. Although he first intended to buy a reasonably priced sedan, he found himself increasingly drawn to the premium brand's emotional appeal and convenience features. While the desire to pursue higher trims and better options grew, the hesitation to spend additional budget is an honest feeling shared by many preparing to purchase a car.

There is a financial program that accurately addresses the desires of those who want to drive a premium car. This is "THE BETTER CHOICE," a Genesis-exclusive purchase program. Individuals or sole proprietors who currently own or use Hyundai, Genesis, or foreign cars through leasing or renting can use this program to drive a Genesis in a rational way.

THE BETTER CHOICE offers financial products tailored to the circumstances of Genesis buyers, providing benefits optimized for the customer’s financial situation, from vehicle price and monthly payment discounts to easing the initial payment burden. The first benefit is a direct vehicle price discount provided by Genesis. Customers can receive a discount of 500,000 KRW on the Genesis GV60, G70, GV70, and Electrified GV70, a 1,000,000 KRW discount on the G80, GV80, and Electrified G80, and a 2,000,000 KRW discount on the G90.

Lease·Rent, Special Triple Discount Benefits

If you add the benefits provided by Hyundai Capital to the Genesis vehicle price discount, you can effectively enjoy double or even triple discount effects. When customers choose the THE BETTER CHOICE program and use a Genesis vehicle through lease or rent, an additional 2% discount on the vehicle price is applied on top of the previous vehicle price discount. For electric vehicles, this discount rate increases to 3%. Monthly payments are also reduced by an additional 2-3%.

If you use the THE BETTER CHOICE lease for the Genesis G80 for 60 months, you can receive a 1,000,000 KRW vehicle price discount, a special 2% vehicle price discount unique to Hyundai Capital, and a 2% monthly payment discount, reducing the monthly payment to around 900,000 KRW. Before the launch of THE BETTER CHOICE, customers had to pay about 970,000 KRW per month, so they can now save about 67,000 KRW per month, totaling around 4,000,000 KRW over 60 months.

Even greater discounts are available for electric vehicle models. If a customer uses the THE BETTER CHOICE lease for the Genesis Electrified GV70 for 60 months, the monthly payment is set at around 1,140,000 KRW, allowing them to save about 100,000 KRW per month over 60 months compared to before the program was applied.

Additionally, customers who have used Genesis through Hyundai Capital's lease or rent products between January 2021 and February of this year can receive a 2,000,000 KRW discount on their initial monthly payment, further reducing the financial burden at the start. For example, a customer using the Genesis Electrified GV70 lease product, which requires a monthly payment of about 1,140,000 KRW, can have the entire first month's payment waived and receive an 860,000 KRW discount on the second month's payment.

Smart Installment Purchase Tailored to Your Lifestyle

Hyundai Capital also offers a variety of benefits for customers who wish to purchase a Genesis through installment payments. Customers who want to plan their monthly expenses can consider the "Mobility Standard" (fixed interest rate) installment product. The installment period can be set for up to 10 years. This is suitable for those who want to pay the same amount every month but use the car for a long time at a lower cost. There is also a benefit of waiving the early repayment fee after two years of the loan, so if you come into a lump sum of money, you can repay without any burden.

Customers using this product can purchase a Genesis with an interest rate of 4.3% for 36 months, 4.4% for 48 months, 4.5% for 60 months, 5.3% for 96 months, and 5.8% for 120 months. Customers choosing the Electrified Genesis can use the installment product at an interest rate 0.5 percentage points lower than that of internal combustion engine vehicles.

For customers who feel burdened by the initial cost, the "Mobility Deferred" product is ideal. After purchasing the vehicle, you pay only the interest for a certain period, and then start repaying both principal and interest. Customers can choose a deferment period for interest-only payments of 6, 12, 18, or 24 months according to their situation. For example, a customer purchasing a Genesis GV70 with a vehicle price of 53,800,000 KRW can drive a Genesis for up to two years by paying only about 210,000 KRW per month. Mobility Deferred customers can repay the principal freely at any time without an early repayment fee. Initially, only interest is paid, and additional principal repayment can be made later according to the customer's situation.

The Hyundai Capital Genesis installment product is recommended for consumers who want to repay the car price as rationally as possible, those who have difficulty preparing a lump sum immediately, or those who want to use their spare funds elsewhere. Even if you pay only 1% of the vehicle price as a down payment with a Hyundai Card M series card, you can receive the benefits of the Hyundai Capital Genesis installment product.

Another Benefit: 'Trade-in'

Customers who want to sell their current vehicle and switch to a Genesis should pay attention to the "Trade-in" discount benefit. Customers who choose Trade-in can receive a 2,000,000 KRW discount on the Genesis vehicle price if they sell their existing vehicle, whether it is a Hyundai Motor Group vehicle or another brand, to Hyundai Motor's certified used car program.

In particular, if a customer who chooses Trade-in also uses Hyundai Capital's Mobility Standard installment product, the interest rate is further reduced by 0.5 percentage points, increasing the actual benefit. Customers receiving the Trade-in benefit can lower their initial cost burden by getting a 2,000,000 KRW discount on a new Genesis, and if they use the Mobility Standard, they can apply an installment interest rate of 3.8% for 36 months, reducing interest as well. However, if you receive the Trade-in benefit, you cannot receive the basic Genesis vehicle price discount of 500,000 to 2,000,000 KRW provided by THE BETTER CHOICE at the same time.

Two Customers' Smart Choices

For example, an office worker in his 40s, surnamed Lee, earned 2,000,000 KRW through the Hyundai Motor Trade-in benefit. The Sonata he bought as a young professional ended up giving him a 2,000,000 KRW discount as a farewell gift through the Trade-in benefit. In addition, Lee realized that if he sold his old car at a high price through Hyundai Motor's certified used car program, he could use the proceeds as a down payment when purchasing a Genesis through the "Hyundai Capital Genesis Installment" plan.

He recently succeeded in buying his own home, and thanks to the Genesis installment plan, he was able to manage his finances more easily. First, after receiving the Trade-in benefit, he used the "Mobility Deferred" installment product to purchase a Genesis GV70. By selling his old Sonata to Hyundai Motor's certified used car program, he received a 2,000,000 KRW discount on the Genesis vehicle price through the Trade-in benefit. Lee planned to use the proceeds from selling the Sonata as a down payment and pay only interest for two years with the Mobility Deferred product. In the early stage of using the Genesis, he focused on preparing to move in without the burden of principal payments, and later, when his investment products mature and he receives a lump sum, he will start repaying the principal, thus establishing a car financing plan optimized for himself.

The aforementioned office worker in his 30s, Kim, chose the Genesis G80 lease product through THE BETTER CHOICE. With the combined vehicle price and monthly payment discounts, he was able to drive his "dream car" at a monthly payment in the 900,000 KRW range, which was lower than expected. In addition, as a sole proprietor, Kim created a fourth benefit by taking advantage of tax benefits through leasing.

A Hyundai Capital representative stated, "THE BETTER CHOICE and Hyundai Capital Genesis installment programs are designed so that customers can choose Genesis without burden, offering vehicle price discounts on lease and rent products, monthly payment discounts, and various installment options," adding, "Hyundai Capital will continue to introduce a variety of financial products and services that allow Genesis customers to make choices based on their own lifestyles and economic situations."