Kia India has recently signed a Memorandum of Understanding (MoU) with ORIX Auto Infrastructure Services Limited to introduce a new leasing service for three of its popular models: the Sonet, Seltos, and Carens. This new service aims to offer customers flexible leasing options with various mileage and time-period choices.

 

Key Features of the Leasing Service

  • Inclusive Costs: The leasing price includes insurance and maintenance, with no down payment required.
  • Flexible Leasing Periods: Customers can choose lease durations ranging from 24 to 60 months.
  • Minimum Monthly Charges:
    • Sonet: Rs 21,900
    • Seltos: Rs 28,900
    • Carens: Rs 28,800

 

Initial Launch Cities

The leasing service is initially available in the following cities:

  • Delhi NCR
  • Mumbai
  • Hyderabad
  • Chennai
  • Bengaluru
  • Pune

 

Customer Options at Lease End

At the end of the lease period, customers have several options:

  • Return the Vehicle: Simply return the leased car.
  • Renew the Lease: Extend the lease on the current vehicle.
  • Upgrade to a New Model: Opt for a newer Kia model.

 

Benefits and Market Trends

  • Improved Sales for Kia: The leasing service is expected to boost Kia’s sales by making their vehicles more accessible.

 

  • Growing Trend: Leasing services are becoming increasingly popular in India. Other mass-market carmakers such as Maruti Suzuki, Hyundai, Honda, Skoda, and Volkswagen also offer leasing options, often partnering with ORIX. Luxury brands like Mercedes-Benz and BMW are also in the leasing market.

 

InShort/

Kia India’s new leasing service offers a convenient and cost-effective way for customers to drive the latest models without the hassle of ownership. With inclusive maintenance and insurance, flexible terms, and multiple end-of-lease options, this service is set to attract a wide range of customers looking for a hassle-free driving experience.

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