Latest news with #HCAU
Malaysian Reserve
3 days ago
- Automotive
- Malaysian Reserve
Hyundai Capital Australia Launches Kia Finance, Expanding its Finance Offerings to All Hyundai Motor Group Vehicles
SEOUL, South Korea, June 2, 2025 /PRNewswire/ — Hyundai Capital Services announced today that its Australian subsidiary Hyundai Capital Australia Pty. Ltd. ('HCAU' or the 'Company') launched Kia Finance and has commenced offering finance solutions for Kia customers in Australia. Last year, HCAU commenced operations in the Australian market with the launch of Genesis Finance in October, followed by Hyundai Finance in November. With the introductions of Kia Finance, HCAU now delivers comprehensive automotive finance across all three Hyundai Motor Group brands – Hyundai, Genesis, and Kia. The company is committed to supporting vehicle sales through a broad range of business initiatives, offering tailored financial solutions such as retail finance for personal and business customers, alongside stable and reliable commercial funding for dealer partners. A key offering from HCAU is the Guaranteed Future Value* (GFV) product, designed to make vehicle ownership more accessible through lower monthly repayments. HCAU secures the minimum resale value of the vehicle upfront, allowing the customer to defer this amount and make repayments based only on the balance. At the end of the loan term, customers have the flexibility to choose from the following options: 1. Trade-in: the vehicle's value is used towards paying out the loan. If the trade-in value is higher than the GFV, the positive equity can be used towards a new vehicle. 2. Keep: pay the GFV amount to own the vehicle outright. 3. Return: return the vehicle with no further payments, provided the customer is not in default and the vehicle meets the agreed kilometre and fair wear and tear conditions. Furthermore, HCAU offers competitive interest rates to customers, leveraging the strong global credit rating of the Hyundai Motor Group. In March, the Company received an initial credit rating of 'A-' with a stable outlook from S&P Global Ratings ('S&P'), a notable achievement for a relatively new entrant to the market. This rating strengthens HCAU's funding capacity in Australia, enabling it to continue delivering highly competitive interest rates to customers while supporting sustainable growth. 'With the launch of Kia Finance, HCAU is now able to offer a comprehensive range of automotive finance solutions for all Hyundai Motor Group vehicles in Australia,' said Donglim Shin, Chief Executive Officer of HCAU. He added, 'HCAU will actively engage in a wide range of customer-centric marketing initiatives in partnership with Kia, Hyundai Motor and Genesis to ensure more customers can enjoy an exceptional ownership experience through our flexible finance options. *The Guaranteed Future Value (GFV) is the minimum future value of your in-stock new or approved demo Hyundai, Genesis or Kia set out in your contract. At the end of the term, you can sell your car to us, and we will pay the GFV which will be put against your final payment, provided you're not in default under your contract and subject to fair wear and tear requirements and agreed kilometres being met. Finance is for approved applicants only. Terms, conditions, fees, charges and lending criteria applies. Hyundai Capital Australia Pty Ltd (ABN 42 611 226 316), Australian Credit Licence 554051.
Yahoo
3 days ago
- Automotive
- Yahoo
Hyundai Capital Australia Launches Kia Finance, Expanding its Finance Offerings to All Hyundai Motor Group Vehicles
SEOUL, South Korea, June 2, 2025 /PRNewswire/ -- Hyundai Capital Services announced today that its Australian subsidiary Hyundai Capital Australia Pty. Ltd. ("HCAU" or the "Company") launched Kia Finance and has commenced offering finance solutions for Kia customers in Australia. Last year, HCAU commenced operations in the Australian market with the launch of Genesis Finance in October, followed by Hyundai Finance in November. With the introductions of Kia Finance, HCAU now delivers comprehensive automotive finance across all three Hyundai Motor Group brands – Hyundai, Genesis, and Kia. The company is committed to supporting vehicle sales through a broad range of business initiatives, offering tailored financial solutions such as retail finance for personal and business customers, alongside stable and reliable commercial funding for dealer partners. A key offering from HCAU is the Guaranteed Future Value* (GFV) product, designed to make vehicle ownership more accessible through lower monthly repayments. HCAU secures the minimum resale value of the vehicle upfront, allowing the customer to defer this amount and make repayments based only on the balance. At the end of the loan term, customers have the flexibility to choose from the following options: 1. Trade-in: the vehicle's value is used towards paying out the loan. If the trade-in value is higher than the GFV, the positive equity can be used towards a new vehicle. 2. Keep: pay the GFV amount to own the vehicle outright. 3. Return: return the vehicle with no further payments, provided the customer is not in default and the vehicle meets the agreed kilometre and fair wear and tear conditions. Furthermore, HCAU offers competitive interest rates to customers, leveraging the strong global credit rating of the Hyundai Motor Group. In March, the Company received an initial credit rating of 'A-' with a stable outlook from S&P Global Ratings ("S&P"), a notable achievement for a relatively new entrant to the market. This rating strengthens HCAU's funding capacity in Australia, enabling it to continue delivering highly competitive interest rates to customers while supporting sustainable growth. "With the launch of Kia Finance, HCAU is now able to offer a comprehensive range of automotive finance solutions for all Hyundai Motor Group vehicles in Australia," said Donglim Shin, Chief Executive Officer of HCAU. He added, "HCAU will actively engage in a wide range of customer-centric marketing initiatives in partnership with Kia, Hyundai Motor and Genesis to ensure more customers can enjoy an exceptional ownership experience through our flexible finance options. *The Guaranteed Future Value (GFV) is the minimum future value of your in-stock new or approved demo Hyundai, Genesis or Kia set out in your contract. At the end of the term, you can sell your car to us, and we will pay the GFV which will be put against your final payment, provided you're not in default under your contract and subject to fair wear and tear requirements and agreed kilometres being met. Finance is for approved applicants only. Terms, conditions, fees, charges and lending criteria applies. Hyundai Capital Australia Pty Ltd (ABN 42 611 226 316), Australian Credit Licence 554051. View original content to download multimedia: SOURCE Hyundai Capital Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-03-2025
- Automotive
- Yahoo
Hyundai Capital Australia Obtains Its First Credit Rating of 'A-' from S&P Global Ratings
SEOUL, South Korea, March 24, 2025 /PRNewswire/ -- Hyundai Capital Services ("Hyundai Capital" or the "Company") announced today that its 12th financial subsidiary, Hyundai Capital Australia Pty. Ltd. ("HCAU"), obtained its inaugural credit rating of 'A-' with a stable outlook from S&P Global Ratings ("S&P"). HCAU's credit rating marks the first from one of the 'Global Big Three' credit rating agencies (S&P, Moody's, Fitch Ratings) and follows on the launch of the business in October 2024. The credit rating is equivalent to that of Hyundai Motors, Kia, and Hyundai Capital. S&P's assigned rating acknowledges HCAU's standing as a core member of the Hyundai Motor Group ("HMG") in the Australian market. In its report, S&P stated that "We view HCAU as a core subsidiary of Hyundai Capital and the wider group, and equalize the ratings with those on the parent. The ratings on HCAU reflect the company's integral role in supporting HMG's auto sales in the Australian market." "With this credit rating from S&P, HCAU will further enhance its overall competitiveness in the Australian market with strong funding capabilities," said Hyundai Capital CFO & Senior Vice President Hyung Seok Daniel Lee. He added, "HCAU will offer differentiated financial products and services catered to the needs of the local customers." Meanwhile, Hyundai Capital has the highest credit ratings, both domestic and global, among Korea's non-bank financial institutions. The Company has secured 'AA+' ratings from Korea's major credit rating agencies in 2023, followed by 'A' ratings from the Global Big Three last year. View original content to download multimedia: SOURCE Hyundai Capital
