Hyundai Capital Offers Ultra-Low Interest Auto Financing for Small Business Owners

Special Financial Promotion for Electric Vehicles and SUVs

Hyundai Capital announced on August 6 that it will launch an auto finance promotion, including vehicle-related financial benefits for small business owners and self-employed individuals, in line with the government's livelihood recovery support policies.

The company is offering ultra-low interest installment plans for customers purchasing Porter and Bongo vehicles. Customers who purchase Hyundai Motor's Porter 2 liquefied petroleum gas (LPG) vehicle with the Mobility Standard Low-Interest Installment Plan can buy the car at a 0% interest rate for 36 months, 1% for 48 months, or 2% for 60 months.

For Hyundai Porter 2 EV and Kia Bongo 3 EV, customers who choose the Mobility Deferred Installment Plan can purchase the vehicles at an interest rate of 1.8% and 1.5%, respectively, for a 36-month term.

The Mobility Deferred Installment Plan allows customers to defer a portion of the principal amount until the end of the contract term. This significantly reduces the monthly payment burden compared to a standard installment plan.

Customers who use a financial lease for the Bongo 3 EV or LPG vehicle will receive a special discount of 1 million won each on the vehicle price and lease fee, totaling 2 million won.

Various financial benefits are also available for customers purchasing the Hyundai Mighty, a medium-duty truck.

Hyundai Capital is offering ultra-low interest rates of 1.7% for 36 months, 1.8% for 48 months, and 1.9% for 60 months to customers who use the Mobility Standard Low-Interest Installment Plan for the Mighty.

Customers who purchase the Mighty with the Mobility Deferred Installment Plan, which allows them to defer a portion of the principal until maturity, can receive a guaranteed residual value of up to 41% of the new car price depending on the installment period. An interest rate of 3.8% is applied regardless of the product usage period.

A six-month interest-free deferred installment product is also available. Customers who use the Hyundai Capital Mobility Deferred Installment Plan for the Mighty do not have to make monthly payments during the six-month deferment period out of the total 60-month installment term. Afterward, they pay monthly installments on a principal and interest equal payment basis for the remaining 54 months. This product is useful for buyers who want to reduce the initial financial burden when purchasing a vehicle.

Financial benefits have also been prepared for customers of Hyundai's electric and hydrogen vehicles, as well as sports utility vehicles (SUVs).

As Hyundai Motor recently launched the new Ioniq 6 and continues to expand the supply of eco-friendly vehicles, Hyundai Capital has also strengthened its exclusive financial benefits for electric vehicles.

Customers who use the Hyundai Capital Mobility Deferred Installment Plan for the Ioniq 5, new Ioniq 6, or Kona EV will receive a low interest rate of 1.8% for a 36-month term.

In particular, for "The All-New Nexo," customers using the Mobility Deferred Installment Plan are offered a guaranteed residual value of up to 50% of the new car price for a 36-month term.

Existing electric vehicle owners who lease or rent the new Ioniq 6 will receive a special vehicle discount of 300,000 won and a 300,000 won discount on the first monthly payment from Hyundai Capital.

Continuing from last month, Hyundai Capital is also running the "SUV Summer Festival" for Hyundai and Genesis's flagship SUV models, including Santa Fe, Tucson, Kona, and Genesis GV70 and GV80.

Customers who purchase these models with the Hyundai Capital Mobility Standard Installment Plan will benefit from low interest rates of 2.7% for 36 months, 2.8% for 48 months, and 2.9% for 60 months.

Hyundai Capital is offering an interest-free benefit during the six-month deferment period to customers who purchase Santa Fe or Tucson with the Mobility Deferred Installment Plan.

In particular, this product does not charge an early repayment fee, allowing customers to make repayments freely if they have extra funds during the loan period.