Kia begins ‘No Credit’ financing in Mexico
Kia Motors Mexico introduced a new financing program today that puts automotive ownership within reach of people, even when they have been registered in the Credit Bureau.
The director of Kia Finance Mexico, Jorge Álvarez, announced that the program called Kia Trust is aimed at “any person who has had a bad credit experience or who has never been able to access a vehicle because they lacked a formal job”.
With this program, the manager explains, people will poor ratings in the credit bureau have the possibility to qualify as candidates to obtain a Kia, so that even the consumer can clear their credit history.
Also, those who are unable to verify income, will have the possibility of obtaining a vehicle from the Korean owner, whether new or semi-new, through the new financing.
“We believe that the program will be a success, because there are many people in this situation who could not get a car,” who can now within 24 to 48 hours know if they qualify.
He explained that another of the benefits is that the program handles zero percent of commission for opening credit, and the interest rate is 2.25 percent per month, with plans of 12 to 60 months.
Among the limitations to obtaining a Kia through this system is that the vehicle must have a GPS system, which is positioned non-invasively in the vehicle, as it operates in an independent manner.