Terms & Conditions

REPRESENTATIVE EXAMPLE

0% HP Finance Example For Cee'd 1.4 TX Petrol

RRP (ex. works) Deposit/trade in Finance amount
€19,650.00 €9,825.00 €9,825.00
Term Total cost of credit APR%*
48 €0.00 0% Fixed

Excludes delivery & related charges. Models are shown for illustrative purposes only. Lending criteria and terms and conditions apply. Finance is provided by way of a hire purchase agreement. Finance example is based on a fixed rate APR of 0%. To qualify for this Finance Offer; a minimum deposit of 40% of the retail price applies and a maximum term of 48 months applies. Rate quoted is correct as at 7th October 2016 and is subject to change. This offer is available on all new selected Kia Rio, Soul, and cee’d range passenger models registered by March 31st and 2017 and for all Sportage models registered by January 31st 2017. The credit provider is Bank of Ireland Finance which is a registered trading name of Bank of Ireland.


3.9% PCP Finance Example For Cee'd 1.4 TX Petrol

RRP (ex. works) Deposit/trade in Finance amount GMFV††
€19,650.00 €5,895.00 €13,755.00 €6,878.00
Term Total cost of credit APR%*
37 €1221.69 3.9% Fixed

Excludes delivery & related charges. Model is shown for illustrative purposes only. Further charges may be applied by your Kia dealer subject to kilometre limits/condition of the vehicle. ††The Guaranteed Minimum Future Value (GMFV) is payable if you renew or retain the vehicle at the end of the agreement. Lending criteria and terms and conditions apply. Finance is provided by way of a hire purchase agreement. Finance example is based on a fixed rate APR of 3.9% and is inclusive of a once off documentation fee of €63.49. To qualify for this Finance Offer; a minimum deposit of 10% and maximum deposit of 30% of the Retail Price applies and a maximum term of 37 months applies. Rate quoted is correct as at 7th October 2016 and is subject to change. This offer is available on all new Kia passengers models registered by March 31st 2017 at participating dealers only. The credit provider is Bank of Ireland Finance which is a registered trading name of Bank of Ireland.


3.9% HP Finance Example For Venga 1.4 L Petrol

RRP (ex. works) Deposit/trade in Finance amount
€15,900.00 €7,950.00 €7,950.00
Term Total cost of credit APR%*
48 €637.46 3.9% Fixed

Excludes delivery & related charges. Model is shown for illustrative purposes only. Lending criteria and terms and conditions apply. Finance is provided by way of a hire purchase agreement. Finance example is based on a fixed rate APR of 3.9% and is inclusive of a once off documentation fee of €63.49 and a once off purchase instalment of €63.49. To qualify for this Finance Offer; a minimum deposit of 40% of the retail price applies and a maximum term of 48 months applies. Rate quoted is correct as at 7th October 2016 and is subject to change. This offer is available on all new selected Kia Picanto, Venga, Carens, Optima, Niro and Sorento passenger models registered by March 31st 2017 at participating dealers only. The credit provider is Bank of Ireland Finance which is a registered trading name of Bank of Ireland.


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FAQs – Kia Credit Personal Contract Plan (PCP)

What is Kia Credit PCP?

Kia Credit PCP is a flexible and popular plan that provides you with the option to change your car on a regular basis.

How does this PCP Work?

You pay a deposit (10%-30% of the Invoice Price) and then make monthly repayments based on the outstanding balance plus interest less the Guaranteed Minimum Future Value.

At the end of the monthly repayment period you’ll have three options:

  1. Renew: Part exchange the car and use any equity as a deposit on your next car;
  2. Retain: Pay the Guaranteed Future Value and take ownership of the car;
  3. Return: Hand back the car with nothing more to pay.

What is the Guaranteed Future Minimum Value?

The Guaranteed Minimum Future Value (GMFV), calculated at the beginning of a Kia Credit finance agreement, is based on what your car’s estimated value will be at the end of the agreement, taking into account its future condition and mileage. This amount is guaranteed no matter what option you decide to take at the end of the contract.

Kia aim to set GMFV's at a level which should mean that your car is worth more than this amount at the end of the term and therefore provide you with sufficient equity to use as a deposit on your next car.

Does mileage affect the GMFV?

The GMFV we have set is based on mileage of 20,000km per year. If you exceed this the GMFV will be reduced by 10 cents a kilometer. Your Kia dealer will appraise you of all of these conditions.

Is there a set period for a PCP?

Yes – 37 months.

36 monthly instalments with the GMFV falling due in month 37.

Is there a minimum or maximum deposit?

Yes - your deposit and/or trade in must be a minimum of 10% and maximum of 30% of the Recommended Retail Price of your new Kia.

Is the amount quoted on the calculator the amount I will pay?

No - this quotation is indicative only. Your Kia dealer will give you an exact quotation for your selected model.

Who is the credit provider?

The credit provider is Bank of Ireland Finance which is a registered trading name of Bank of Ireland.


FAQs – Kia Credit Hire Purchase Plan (HP)

What is Kia Credit HP?

Hire Purchase is an easily understood asset finance product whereby you hire your car over a fixed term for a fixed monthly instalment and you can purchase the car at the end of the term for a small additional fee.

How does this HP Finance Option work?

The credit is secured against your car. Once all the instalments have been paid and on payment of the purchase instalment, the car then belongs to you.

Is the HP agreement for a fixed period?

No - you can choose from 24, 36 or 48 months.

Is there a minimum deposit for Kia Credit HP?

Yes - your deposit and/or trade in must be a minimum of 40% of the Recommended Retail Price of your new Kia.

Is the amount quoted on the calculator the amount I will pay?

No - this quotation is indicative only. Your Kia dealer will give you an exact quotation

Who is the credit provider?

The credit provider is Bank of Ireland Finance which is a registered trading name of Bank of Ireland.