Hyundai Capital Canada will extend loan-payment deferral for new customers of the Hyundai and Genesis brands up to 180 days and up to 120 days at the Kia brand. Existing customers of all three brands can defer payments up to 90 days on loans and up to 30 days on leases.
Meanwhile in Great Britain, Hyundai Capital UK leveraged its “click to buy” digital sales service, which does not require dealer engagement, to mitigate the hit of slumping demand.
Hyundai Capital Services has been rapidly expanding overseas in tandem with the carmaker.
Since launching its first international business in the U.S. in 1989, Hyundai Capital has expanded to 11 countries, including Canada, China, Germany, Brazil, Russia, India, Australia and Singapore. The company’s combined financial assets outside South Korea reached a record $41 billion last year, about double the size of its assets in the home market.
