Kia to Offer Low-Cost Financing for Morning Subcompact
07 July, 2019
Kia on Thursday unveiled a new financing plan for buyers of its Morning subcompact to lure more young customers.
The plan allows customers to repay over a 100-month period, which amounts to monthly installments of W110,000 to W130,000 for eight years and four months -- similar to most commuters' monthly public transport budget (US$1=W1,170).
There is no minimum deposit. A fixed interest rate of 4.9 percent will be applied for the period, and there is no penalty for early repayment after 50 months.
The entry-level car costs about W9.65 million.
"We expect this deal will be appealing to many young customers," a Kia spokesman said.
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