South Korean manufacturer Kia is offering 36-month PCP deals on new registrations of its Rio model with 4.9% APR and £250 manufacturer deposit contribution.
From a quick survey of dealer websites, monthly payments range from £140 to £159, with guaranteed future value varying from £3,166.25 to £3,570 and an approximate average total amount payable of £10,000.
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Kia looks set to record 65,000 new car registrations in 2012, a year which saw sales volume uplifted by private retail, and plans to open a West London showroom.
The Rio is the latest supermini – one of the most popular segments of 2012 – to be backed by a finance offer, following Fiat’s pre-launch deals on the 500l.
Retail finance for Kia in the UK is handled through a joint venture begun last year between sister brand Hyundai and Santander Consumer Finance.
richard.brown@timetric.com
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