Depending on the model, monthly charges range between Rs 21,900-Rs 28,800.
Kia India has signed a Memorandum of Understanding (MoU) with ORIX Auto Infrastructure Services Limited to launch a new leasing service for its vehicles. The Sonet, Seltos and Carens can now be leased with different mileage and time-period options.
- No additional insurance or maintenance costs required
- Leasing period can span between 24-60 months
Here’s a look at the minimum monthly leasing charges for the Sonet, Seltos and Carens:
| Kia minimum monthly leasing charges | |
|---|---|
| Model | Price |
| Sonet | Rs 21,900 |
| Seltos | Rs 28,900 |
| Carens | Rs 28,800 |
Customers can opt for tenures spanning from 24 to 60 months with different mileage options. The price is inclusive of insurance and maintenance costs, and does not require any initial down payment. In its first phase, Kia has launched the leasing service in the following cities: Delhi NCR, Mumbai, Hyderabad, Chennai, Bengaluru and Pune.
Additionally, at the end of the lease period, customers will have the option to return or renew the existing vehicle, or even upgrade to a newer one as per their requirements and preferences. This will also benefit Kia by opening up incremental sales opportunities.
Leasing services are quite popular in India with several mass-market carmakers such as Maruti Suzuki, Hyundai, Honda, Skoda and Volkswagen offering the same. In fact, some of these carmakers have partnered with ORIX themselves for their respective leasing services. Even luxury carmakers such as Mercedes-Benz and BMW offer leasing services.
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