Hyundai Capital Launches "Hyundai EV Burden DOWN" Low-Interest Promotion

Hyundai Capital announced on the 5th that it will run a promotion offering low interest rate benefits for Hyundai Motor Company’s popular electric vehicle models.

The promotion, titled "Hyundai EV Burden DOWN," significantly cuts the interest rate on a 36‑month balloon installment plan (based on the mobility installment program) from 5.4% to 2.8%. The eligible models are Hyundai Motor Company’s Ioniq 5, Ioniq 6, and Kona Electric.

The balloon installment product allows customers to defer payment of a certain portion of the vehicle price until maturity, thereby substantially reducing the monthly payment burden. In particular, because the used-car residual value is guaranteed up to the amount of the deferred payment, customers can return the vehicle at maturity and fully settle the deferred amount without any additional cost. If they wish to keep using the vehicle, they can either pay the deferred amount at maturity or extend the installment plan.

In addition to the interest rate benefits, the key feature of this promotion is that it guarantees the residual value of some eligible models up to a maximum of 60% of the vehicle price. By model, customers choosing the Ioniq 5 only need to pay, in installments over the contract period, an amount equivalent to 40% of the vehicle price, on the condition that they purchase a new Hyundai electric vehicle at maturity (excluding ST1, Casper Electric, and Porter Electric). For the Ioniq 6 and Kona Electric, customers can receive a residual value guarantee of up to 55% if they purchase a Hyundai vehicle at maturity.

On top of this, when combining the special discount celebrating the selection of the Ioniq 9 as the "2026 Korea Car of the Year," the trade-in program under which customers return their current vehicle when purchasing a Hyundai vehicle, and discounts based on the vehicle’s production month, along with other various benefits Hyundai Motor Company is offering this month, the actual fixed monthly cost of using an electric vehicle is expected to decrease even further.

A Hyundai Capital official said, "This promotion is designed to reduce the monthly payment burden for electric vehicle buyers, while at the same time easing concerns about falling used-car prices," adding, "Hyundai Capital will continue to prepare various financial benefits so that consumers can use Hyundai Motor Group’s electric vehicles on even more reasonable terms."

This content was produced with the assistance of AI translation services.