Latest news with #KiaFinance
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
Miami Herald
28-05-2025
- Automotive
- Miami Herald
Kia Launches Impressive 2025 Niro EV Lease Offer
Maybe, unlike most Americans, you've decided that an EV would be an ideal new vehicle – until you saw their purchase price. Well, it seems that Kia has your solution in the 2025 Kia Niro EV. While the Kia Niro is available as a 139-horsepower hybrid or 180-horsepower plug-in hybrid, it's the 204-horsepower EV that offers the most power and 253 miles of range. Kia quotes a 0-62 mph time of 7.8 seconds, which is adequate for gas-powered cars, but pokey for an EV. The Niro EV can be recharged to 80% in 65 minutes with a 50-kW fast charger. An 11-kW on-board charger for home charging is standard. Offered in base Wind or upgraded Wave trim, the compact Niro EV has a generous 100 cubic feet of passenger space and anywhere from 23-to-100 cubic feet of cargo space depending on how many seats are in use. The instrument panel features a 10.25-inch digital instrument cluster and a 10.25-inch infotainment touchscreen. USB-A and USB-C ports are fitted to both rows. A Wireless phone charger, Android Auto, Apple CarPlay, and HD Radio are standard, as is a Harman Kardon premium audio system in the Wave trim. Sound enticing? Wait until you check out the lease. If you live on the West Coast, where the competition for EV sales is fierce, you can lease the 2025 Kia Niro Wind EV for $149 a month for 24 months and 20,000 miles with $3,999 down and no security deposit. In South Florida, Detroit, or Dallas, it's yours for $169 a month. Manhattan and Philadelphia-area residents also get a good deal at $129 a month with $3,999 down. However, none can compare to Denver, where you can lease a 2025 Kia Niro EV for just $99 a month with a $1,940 down payment for 24 months and 20,000 miles, thanks to the $4,100 Colorado Innovative Motor Vehicle Tax Credit. When assigned to Kia Finance, the cost to lease this puppy is mere peanuts. Keep in mind that, when leasing, consider the monthly payment cost, taxes, and fees before signing. Lease offers vary by metro market. Check your local pricing here. If you don't have $3,999 to put down, you can lease a 2025 Kia Niro EV in Los Angeles or elsewhere on the West Coast for $316 a month. In South Florida, Detroit, or Dallas, it costs slightly more at $336 a month. City dwellers in Philly and New York can get one for $296 a month, which is also a pretty sweet deal. Denver lessees have the best deal, though, thanks to the $4,100 Colorado Innovative Motor Vehicle Tax Credit with a payment of $180 a month to lease a Niro EV for 24 months with nothing down. All lease deals for the 2025 Kia Niro Wind EV feature the same $25,416.90 purchase option at lease end. The 2025 Kia Niro EV isn't necessarily sporty, nor is it the quickest of EVs, but it provides a spacious package in a compact footprint that's perfect for city dwellers. Its performance is also more than punchy enough to deal with the cut and thrust of urban driving warfare, and it features an up-to-date tech package with a fetchingly modern design. Yes, there are quicker, sportier EVs, but you'll pay more without necessarily getting a better package. *Disclaimer: This article is provided for informational purposes only. The information presented herein is based on manufacturer-provided lease offer information, which is subject to frequent change and may vary based on location, creditworthiness, and other factors. We are not a party to any lease agreements and assume no liability for the terms, conditions, availability, or accuracy of any lease offers mentioned. All terms, including but not limited to pricing, mileage allowances, and residual values, require direct verification with an authorized local OEM dealership. This article does not constitute financial advice or an endorsement of any particular lease or vehicle. Copyright 2025 The Arena Group, Inc. All Rights Reserved.
