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OREANDA-NEWS. The company KIA Motors Rus offers its clients a new loan product developed by KIA Finance in partnership with the "Setelem Bank". The new loan with a guarantee of the residual value “KIA easy!" applies to the purchase of popular models KIA Rio and KIA cee'd. The program is designed to attract a new audience of customers due to more affordable payments, informed KIA Motors Rus. The program «KIA easy!" will allow customers without a significant increase of monthly payments to buy additional equipment and accessories, or choose a vehicle, which they could not afford by buying for cash and by using a standard credit scheme.

The program “KIA easy!" provides three main advantages compared to conventional lending. It provides a low down payment (20% of the cost of a new car), the minimum monthly payment (about 50% of payment in conventional lending) and guarantee of the residual value of the vehicle, provided by the bank. The loan agreement is concluded for a period of 24 or 36 months. After this period, the customer can exchange the car for a new KIA on the trade-in program, to continue to use the car, by paying off the remaining loan payment (45%), or to return the car to the bank at a guaranteed price. Guaranteed residual value is 45% of the price of the car at the time of purchase and it is sufficient to repay the loan.