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Hyundai Capital to Help Hyundai Buyers and Dealers

31 August, 2006

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Buyers and lessors of new and used Hyundai cars from Hyundai dealerships will have a superior range of financing options following the establishment of Hyundai Capital, a new finance partnership between Hyundai Motor Company Australia and GE Money Motor Solutions.

The joint venture reflects linkages already established between Hyundai Motor Company operations around the world as the sixth largest automotive manufacturer, and GE Money Motor Solutions, part of one of the world’s biggest companies, General Electric. GE is one of very few AAA-rated financial services companies in Australia and is backed by its global size and extensive automotive experience in many countries.

Hyundai Capital will offer a large and continually competitive range of financing options for Australian retail and fleet buyers, lessors and dealers.

“ Hyundai customers will be able to choose from Hyundai Capital’s larger variety of tailored, flexible and structured finance plans to suit their circumstances than offered by banks, credit unions and other finance houses,” said Alan Crouch, newly appointed Sales and Marketing Manager for Hyundai Capital.

Hyundai Capital will also be offering a full financing service for Hyundai dealerships to support their business inventory and facility development needs, finance and insurance training for sales staff and a relief locum service during absences of key managers.

Alan Crouch has had extensive management experience in automotive dealerships, automotive finance and corporate automotive regional wholesaling and is uniquely qualified to implement Hyundai Capital’s menu of finance products for Hyundai customers and dealerships. Some major Hyundai dealers have already signed up with Hyundai Capital.

Hyundai Capital’s first offering is a five-door Getz for no deposit, $69 a week (plus on-road costs) for five years with no residual payment at the end of the five years.

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