Kia Renew

We don’t predict the future. We don’t know where you’ll be, what you’ll be doing, or where you’ll be working.

But with a Kia Renew Guaranteed Future Value^[1], there is one important thing we do know.

Kia Renew makes upgrading to your new Kia convenient, because the minimum value of your vehicle is guaranteed the moment you drive away^[2].

With Kia Renew, at the end of your loan term, you have the option of either paying out the balloon on your Kia Finance loan and keeping your vehicle, returning your vehicle to Kia Finance, with the Guaranteed Future Value amount being applied to your loan^[2]. Or — and this is the exciting part — upon returning your vehicle, choosing a new Kia vehicle to upgrade to and fall in love with, all over again.  

A Kia Finance loan with Kia Renew is similar to a regular loan with a balloon payment at the end of the term. The difference is that Kia Finance will guarantee the minimum return value of the vehicle to assist you making the final amount payable at the end of the loan term.

If your vehicle has been well looked after, adheres to Fair, Wear and Tear Guide and meets the agreed kilometre usage, you’ll know you won’t be out of pocket when trading your vehicle in to repay the final amount due at the end of the term. Kia Renew is available to eligible customers and terms and conditions apply.

Please enquire with your Kia dealer.

[1] The Kia Renew Guaranteed Future Value (GFV) is the minimum future value of your vehicle as determined by Kia Finance and set out in your contract. At the end of the term, you can select from three options: (1) sell or trade in the vehicle and repay your loan balance; (2) return the vehicle to us; or (3) retain the vehicle by paying the GFV amount, which is a final amount owed to us at the end of the loan term. You may not be able to return the vehicle to us if you have travelled more than 15% of the agreed kilometre allowance. Total interest payable on the loan will be higher than a loan with no GFV.

Available on new and demonstrator Kia vehicles for selected models only. Vehicle eligibility is subject to change. If you decide to return your car at the end of your term, Kia Finance, or another person or entity with Kia Finance’s agreement will purchase the vehicle from you for the GFV, which will be applied to reduce your outstanding loan amount. However, you will need to pay us an additional amount if the vehicle is damaged or you have travelled excess kilometres. Credit criteria, fees, charges and terms and conditions apply. Approved applicants only. Finance provided by Allied Retail Finance Pty Ltd trading as Kia Finance ABN 31 609 859 985 Australian credit licence 483211.

[2] Subject to terms and conditions, including adhering to the Fair, Wear and Tear Guide and agreed kilometre usage.