Home MMBIZ News Hyundai Offers Cars at Zero-Interest Instalments

Hyundai Offers Cars at Zero-Interest Instalments

Hyundai Motor Co has launched a promotional program at its Myanmar showroom ahead of Thingyan – the Myanmar traditional New Year, which will mark the transition from Myanmar Year 1376 to 1377 in mid-April.

During the promotion period selected car models will be sold on a zero-interest hire purchase (instalment) basis, the South Korean automaker said.

Thingyan promotion period started last week and will go on until April 30, and customers who purchase selected car models can get an opportunity to buy the cars at zero interest rate for a specific installment period.

If customers purchase such cars via cash down payment, they can get special discounts, Hyundai said.

U Myo Win, marketing manager from Hyundai Showroom, said, “The reason for launching this promotion is to let customers afford brand new cars that are of high quality and performance. If cars are purchased from brand new car showrooms via hire purchase, the specified interest amount has to be paid. In this promotion, we will not charge any interest on the hire purchase of selected models in specified installment period. So this will reduce costs for the customer.

Details on the selected car models and the specified installment period that do not require any interest is available at the Hyundai showroom.

Also, Thingyan special gifts will be presented to all customers who visit Hyundai showroom, and as for another special program, a “Like & Share” contest was launched on the Hyundai Myanmar’s Facebook page where Hyundai Genesis Diecast model car will be awarded as a special prize.

All cars sold by Hyundai Motor Myanmar Showroom come with three years or 100,000km warranty.

Hyundai Motor Myanmar Showroom, the exclusive distributor in Myanmar of Hyundai, sells luxury models such as Azera, SantaFe and Genesis Coupe, mid-sized cars such as Sonata, Elantra and i-30, small hatchbacks such as Grand i-10 and Eon, and commercial cars such as H1 (van) and H100 (light truck).

Hyundai, which is South Korea’s largest and the world’s fourth largest car manufacturer, sold over 4.96 million cars in 2014, with its Elantra being the best selling model.

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