KIA Motors, in collaboration with leading Russian banks, presents the KIA Finance car loan program (KIA Finance), within which quite attractive offers for purchasing cars are available KIA on credit. The minimum interest rate on a car loan is 8% per annum, and the maximum loan term is 7 years. Let's take a closer look at the conditions of partner banks.
Basic KIA purchase program on credit
The minimum down payment on a car loan is 10% of the cost of the car. The interest rate on a loan depends on a number of factors. The main offers are represented by the programs of the following banks:
- Gazprombank car loan – from 11% to 14% per annum
- Car loan VTB 24 – from 12.5% to 14.5% per annum
- Car loan from Sberbank of Russia – from 10.9% to 14.5% per annum
- Rusfinancebank car loan – from 8% to 14% per annum
All KIA loans are provided for a maximum period of 5 years. Gazprombank offers a program with a loan limit of up to 7 years.
AutoExpress – buying a KIA on credit using two documents
The offer is valid in cooperation with VTB 24 Bank, which offers an interest rate of 15% to 17% per annum depending on the size of the down payment and the loan term. The maximum loan amount is 750 thousand rubles. There is a ban on early repayment - at least 3 months from the start of the loan agreement. The minimum amount of early repayment is 3 thousand rubles.
A similar loan offer for KIA is also available at Gazprombank. The interest rate ranges from 15% to 16% per annum with a down payment amount of 15% of the cost of the purchased vehicle. Commission for issuing a loan is 5.5 thousand rubles. There is no monthly fee.
Evaluation of the KIA Finance program as an opportunity to purchase a KIA car on credit
When applying for a loan under KIA Finance, the borrower will be provided with a fairly large selection of lending programs from various banks. In addition to standard car loan terms, VTB 24 and Gazprombank banks offer accelerated options for considering applications.
An approximate calculation of monthly payments can be seen using the example of purchasing a Kia Sportage car at an authorized dealer.
However, to obtain truly favorable terms for KIA loans, you will have to provide a full package of documents, including a certificate in Form 2-NDFL confirming the borrower’s income. As for interest rates, they are somewhat lower than similar offers from banks for car loans on a general basis. However, if we compare them with competitors’ loan programs, then KIA Finance is inferior in some cases.
Buying Kia cars on credit under a special program from the manufacturer will be quite profitable. The KIA Finance program is a joint program of KIA Motors Rus and four Russian banks.
Kia Finance program participants:
By applying for a loan from the listed banks, the borrower receives attractive conditions in the form of a discount on the price of the car.
The purchase of KIA cars is covered by state car loans, which allows you to get a loan at a reduced rate.
By providing an additional discount from the manufacturer, the marketing rate can be zero, i.e. the cost of the loan will be comparable to the costs if the car was purchased at retail price.
But at the same time, all banks working under the KIA Finance program require funds for a down payment of 10-15% and mandatory insurance of the car against damage.
Support for the state program of preferential car loans
The government subsidy program covers 8 KIA models:
- Picanto,
- Cee'd,
- Cee'd sw,
- Pro cee'd,
- Cerato
- Venga
The marketing rate will be 5.5%. In this case, the real rate in the loan agreement will be different. But this calculated value, taking into account the price discount from the manufacturer, will correspond to an overpayment of this percentage if the car was purchased at a retail price.
These special conditions apply when applying for a car loan through representatives of Gazprombank official dealer.
Double advantage: car loan - 0%
These are also special conditions for a car loan through Gazprombank, but for a limited number of models:
- Cee'd,
- Cee'd sw,
- Venga,
- Picanto,
- Rio (Premium).
If a number of conditions are met, such as the loan term for the first 3 models is up to two years, and for the last one up to a year, and the down payment is from 27.1% to 49.36%, the marketing rate for this transaction will be zero.
Since the entire overpayment on the loan will be compensated by the manufacturer's discount. This offer is a symbiosis of the state program and discounts from KIA Motors Rus. As a result, there will be no difference for the client when purchasing a car on credit and purchasing it in cash.
KIA Sportage can be purchased through Gazprombank at a marketing rate of 4.9%; there is a separate promotion for this model. The difference will be that for cash payment there will be a discount of 50,000 rubles, and when purchasing on credit, the discount is taken into account in the stated rate.
Favorable loan for Pro cee’d
The real rate will be equal to 10.25% per annum. This is an option for obtaining a car loan from the age of 18.
At the same time, CASCO is issued through the insurance company VSK at a rate of 3.5%.
It is worth considering that a down payment of half the cost of the purchased car will be required.
Trade-in system under the Kia Finance program
If you rent a KIA car or another brand, then the discount:
- for the Kia Quoris model can reach 100,000 rubles,
- for the Kia Optima model - up to 40,000 rubles,
- for the Kia Sportage model - up to 20,000 rubles.
When transferring a KIA brand to a car dealership, the discount may be the maximum of those indicated; otherwise, the discount is on average two times less.
"Easy payments" from Credit Europe Bank
Under the Easy Payments program, there is a special offer for the purchase of a KIA Quoris car. Loan payments are half as much, since the payment schedule will be non-standard.
During the year, only interest on the car loan is paid, and the principal is repaid once a year. At the same time, partially early and full is not limited.
Credit Europe Bank also has an interesting program in which the purchased car does not become collateral for the bank.
The program is called “Simple Choice!”, its rates are higher than other Kia Finance offers, but still lower than personal loans. In this case, the loan is targeted, but without collateral.
Conditions in banks
The conditions in the program’s partner banks are characterized by the absence of additional commissions and the opportunity to qualify for a low marketing rate if a number of conditions regarding terms and down payment are met.
An even more profitable option is a combination of a program from the manufacturer and a preferential car loan program - 50 modifications of 8 KIA models are suitable.
Applying for a car loan under such conditions is much more profitable than. But still, if you don’t want to leave your car as collateral to the bank, then there is a way out - a loan program from Credit Europe Bank “Simple Choice!”, which is something between a car loan and a consumer loan. Gazprombank has the widest selection of design options for KIA cars.
And Kia Sportage Kia Sportage.
New KIA program Easy! This is not only a chance to become the owner of a new car, but also an opportunity to take advantage of the benefits of the program:
- minimum monthly payment,
- low down payment,
- the ability to easily change your car to a new one every 3 years without additional costs,
- availability of guaranteed future value,
- possibility of purchasing a car of a higher price category.
For example:
KIA Rio from 251 rubles per day*, down payment 36%, monthly payment 7,525 rubles per month*
KIA ceed from 328 rubles per day*, down payment 37%, monthly payment 9,844 rubles per month*
KIA Sportage from 479 rubles per day*, down payment 45%, monthly payment 14,388 rubles per month*
At the end of the loan term, the car owner has 3 options:
Option 1. Give away your existing car under the trade-in program. The value of the car will be much higher than the guaranteed minimum residual value from the Bank, provided that the car is in good condition. This difference can be used as a down payment on a new car.
Option 2. Extension of the loan for another 2 years, or payment of the remaining value immediately.
Option 3. Give the car to the Bank at a guaranteed residual value, and thereby close the loan program.
Monthly payment – 7,525 rub. by Kia Rio / RUR 9,848 by Kia Sid / RUR 14,388 for Kia Sportage, calculated according to the terms of the KIA Easy program! (for Kia Rio and Kia Sid, taking into account the state program of preferential car loans) for the credit product: “PARTNER: EASY” and “PARTNER: EASY without GP” of the “Partner” tariff plan of the “Classic” program, based on the parameters: 1) Kia Rio - price of KIA Rio 1.6 6MT Comfort + Air Conditioning, produced in 2016, 621,900 rubles, loan amount 450,755 rubles, loan term 36 months, down payment: 36%, interest rate 8.9% per annum; 2) Kia Sid - price of KIA Sid 1.6 6MT Comfort, produced in 2015, 839,900 rubles, loan amount 599,250 rubles, loan term 36 months, down payment: 37%, interest rate 8.9% per annum; 3) KIA Sportage - price of KIA Sportage 2.0 6MT Comfort, produced in 2016, 1,354,900 rubles, loan amount 843,935 rubles, loan term 36 months, down payment: 45%, interest rate 12.8% per annum, with voluntary personal life and health insurance of the borrower by the date of concluding the loan agreement in an amount not less than the amount of debt to the lender under the loan agreement (the total amount of debt does not include payments related to the borrower’s failure to fulfill the terms of the agreement), reduced by the amount of the fee for such insurance, for a period of at least a year. The specified insurance is provided throughout the entire loan term. Insurance is carried out in insurance companies that meet the Bank's requirements for insurance organizations and insurance conditions. In the absence of such insurance, the interest rate on the loan is 12.67% per annum for Kia Rio and Kia Sid, 18.5% per annum for Kia Sportage. Offer available to applicants with documented income. Guaranteed residual value of the car (part of the cost of the car to be paid at the end of the loan term, but not necessarily at the expense of own or credit funds, possibly through the sale of the car to a dealer) 45% of the price of the car at the time of purchase. It is mandatory to take out a CASCO policy. Security: pledge of the purchased car. The loan is provided by Cetelem Bank LLC, license No. 2168 (perpetual) (named in the text as “Bank”). Not an offer. The terms and conditions may be changed by the Bank unilaterally. Detailed lending conditions are on the Bank’s website www.cetelem.ru, from managers at KIA dealership centers and on the website www.kia.ru.
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Do you dream of your own car? Today it is not necessary to save money for many years in order to fulfill your cherished dream. Can . But if you don’t want to take a used car, since no one guarantees whether the vehicle was in an accident or not, and no one knows how much money will have to be invested in repairing it, you can apply for one. This brand of car is not suitable? You can take any or use the Kia Finance credit program. In fact, there are many loan offers for the purchase of used and new cars, but we will dwell in more detail on the latter option.
Terms and conditions of the Kia Finance loan program
- There is no need to visit the lender's office in person, which will save time. You can apply for a loan for a car directly at the car dealership.
- Loyal conditions for providing a car loan. The annual interest rate is from 11%, subject to concluding a personal insurance agreement.
- The initial down payment will be 20% of the cost of the vehicle.
- The maximum car loan amount should not exceed the limit of four million rubles.
- The loan is issued for a period of up to 36 months.
- No paperwork. The client only needs to provide a Russian passport and a second document, for example, a driver’s license.
- Preferential conditions for bearers of income certificates.
- Possibility of partial or full early repayment of the loan without imposing penalties.
- Possibility of obtaining a loan for the purchase of additional equipment, as well as a CASCO policy and life insurance.
- Fast consideration of loan applications. You will receive an answer within 15 minutes after sending your request to the bank’s credit center.
Who is the creditor?
You already understand that a Kia loan is issued directly at the car dealership. But it’s not the car dealership itself that provides the loan? A representative office of the Cetelem bank is located right on its territory. The institution offers a wide range of interesting programs in the field of car loans.
Bank Cetelem is constantly expanding its geographic presence and today it has representative offices in 75 regions of the Russian Federation. The bank cooperates with major car manufacturers and their official dealers in Russia, so it can offer its clients the most favorable lending conditions. You can always find out more about the Kia Finance car loan program on the institution’s hotline.
Why is it profitable to take out a car loan?
The current state of the economy does not always allow one to predict inflation rates. It is not known where it is better to direct your savings. Is it worth keeping them on deposit in a bank in national currency or converting them into dollars, or is it worth thinking about, or any other matter? All this looks like. It is not known who will be lucky today. Against this background, life on credit becomes even more attractive. You enjoy the benefits today, but pay back gradually. Yes, there are certain risks in the form of job loss and the inability to repay the loan on time, but you can join the labor exchange and receive unemployment benefits for some time. However, this is not what this is about.
Car loans are a great opportunity to purchase the car you like today, without having to pay the entire amount at once. It is possible to apply without an income certificate. Do not be embarrassed that the longer the loan term, the greater the overpayment, but the monthly payment is lower and there is always the possibility of early repayment.
KIA is a car manufacturer originally from Korea. This brand is very popular among Russian car enthusiasts. The range of KIA models is very diverse and includes the most popular classes of urban cars, including compact, small, SUVs, minivans and executive cars. In this article we will take a detailed look at each class of KIA cars, and also get acquainted with the “KIA Easy!” program that has come into force. We'll look at the reviews below.
For convenience, we will present car classes in ascending order of price and, accordingly, status.
Small class for the city
One of the most popular class of cars from the manufacturer. There are only two models in the class - Picanto and Rio. The cost of the first one starts from 500 thousand rubles. Produced in five-door and three-door versions. This is ideal for driving around the city. It will pass even in the narrowest part of the yard and allows you to maneuver in traffic jams. The design is authentic and attracts the attention of passers-by. "Picanto" can be equipped with a 1 or 1.2 liter engine with a capacity of 66 and 85 horsepower. The three-door hatchback can be equipped with an automatic or manual transmission. The interior design can be selected depending on the individual taste of the buyer, which is a distinctive point of KIA's policy from others.
“RIO” is becoming increasingly popular not only in Russia. The models include a hatchback and a sedan. The new design gave the car a little sporty style. Engines can be 1.4 and 1.6 liters with 107 and 123 horsepower respectively. Gearboxes can be either automatic or manual. Reviews about the program “KIA easy!” are available in large quantities.
Compact middle class
The main car of this group, of course, is the Sid, which represents a very diverse model range. The main model is a five-door hatchback with a rather bold design. This model went through two restylings and acquired many additional improvements. The Sid SV model is produced in a station wagon body.
The second restyling led to the appearance of the three-door KIA Sid Pro. Both models were also available in five- and three-door sports versions, designated by the addition of the letters "GT". The cost of the latter starts from 1.2 million rubles, however, their functionality is wider. They are equipped with a 1.6-liter turbocharged engine with a power of 204 horsepower. That is, in addition to the standard five-door hatchback, this model range consists of four modifications.
There is also another model in this class - “Serato”, which is essentially a “Sid”, but in a sedan body. Before restyling, the car was produced in a coupe type body. This model is available in three trim levels: comfort, luxury and prestige. In the maximum version, the price of a car starts from 1.1 million rubles. According to customer reviews, the KIA loan program is easy! very popular.
Business Class
It is represented by two models of executive class cars “Optima” and “Quoris”. The first one is not particularly pretentious or luxurious; it is a completely ordinary business class car. In appearance it is close to Rio. However, their similarity is deceptive. The cost of Optima starts from 1.2 million rubles. The second model of executive cars of the KIA brand is “Quoris”. This is a large and comfortable car. Perhaps only the Hyundai Ecus can become its competitor in Korea. Korean automakers have learned to make truly business-class cars at a relatively low price - from 2.4 million rubles.
Minivans
This class is represented by only one model, “Venga”. It has small dimensions, comparable to the Picanto, but is quite spacious inside. Cost - from 800 thousand rubles. Reviews about the program “KIA easy!” interest many.
Crossovers and SUVs
The most popular crossover of the KIA brand is the Sportage. Increased demand for this car is created by its low price, comfort and good quality. “Soul” is the youngest in the line of crossovers and, due to its angular shape, is more reminiscent of a minivan. The car is quite unusual, but, unfortunately, undervalued and rarely purchased. Sorento has been produced for a very long time, it is a KIA veteran. There have been more than one generation of these cars and several restylings.
There is also a luxury version in the line of models, namely “Prime”. Mojave is the flagship of the Korean auto industry among SUVs. In the simplest configuration, its price starts from 2.3 million rubles. It is considered a large car and feels confident on any roads and surfaces, under any conditions, even off asphalt. What the reviews say, is it worth taking under the “KIA Easy!” program? automobile? Let's figure it out.
“KIA easy!” program
Since mid-June 2016, KIA representative offices launched a new loan program in St. Petersburg and Moscow, combining the efforts of KIA Finance and Cetelem Bank. A loan called “KIA easy!” is based on a residual value guarantee. You can get it for purchasing the most popular and popular models “Rio” and “Sid”. The goal of this is to attract a new client base due to the availability of payments. Promotion for issuing a loan “KIA is easy!” will give customers the opportunity to purchase additional options or accessories without significantly increasing the monthly payment amount. This rule also applies to the choice of vehicle equipment, since the program allows you to purchase a better package of options than for cash. Reviews about the “KIA Easy!” loan program this is confirmed.
Advantages
Unlike conventional lending programs, “KIA is easy!” has three significant advantages. These include:
- Minimum down payment on the loan, starting from 20% of the cost of the car.
- Minimized monthly payment amount. Approximately half as much as with conventional lending schemes.
- Guarantee on the residual value of the car. Issued by a banking organization.
Two options to choose from
The loan term is 2 or 3 years according to the agreement. Once this period has passed, the buyer has two options:
- Exchange the car under the trade-in program for a new one and continue to use it, closing the balance of the loan amount (approximately 45%).
- Arrange for the return of the guaranteed car to the bank. The residual value of the guarantee is slightly less than half of the original price of the car and, as a rule, it becomes sufficient for full early repayment of the loan. Reviews about the KIA Easy! loan program are presented below.
Successful step
Alex Gurin, sales director at KIA Finance, called the new lending program “KIA easy!” a key tool for maintaining high sales levels in the second half of 2016. The launch of the program was a successful step on KIA’s part, along with the emergence of new models. The KIA car loan program represents an advantageous offer for several groups of buyers. The terms of the program are clear and attractive even for those buyers who have not thought about purchasing a car, especially with the help of a loan. And for more experienced car enthusiasts, the program is interesting because it provides the opportunity to choose a more complete package or a car of a higher category than the one initially considered. “KIA is easy!” helps customers update their car more often, which significantly increases brand loyalty.
