The domestic finished car industry offers various new car purchase benefits in August.
Renault Korea announced on the 1st that it has introduced a new zero-plan installment product for customers purchasing the mid-size sport utility vehicle (SUV) Grand Koleos, which offers 5 months without payment until the end of the year. After that, equal partitioning repayment of the principal and interest is available for up to 60 months, and customers can choose options or accessories worth 600,000 won instead of using this installment product if needed.
The 3.3% fixed-rate product (up to 36 months, installment principal under 25 million won) introduced last month remains the same. Customers holding vehicles over 5 years old receive an additional benefit of 400,000 won, and 700,000 won is provided as a special promotion based on the production month of 2025. However, the Techno trim has some restrictions on the application of benefits.
Customers purchasing the Arkana can enjoy interest-free installment benefits for 24 months (installment principal under 20 million won) and 36 months (installment principal under 15 million won). The QM6 offers a benefit of 700,000 won for cash purchases, and for installment use, it provides interest-free options for 24 to 36 months or a purchase benefit of 1.5 million won. Additionally, considering the monthly production benefits, special promotions at showrooms, and more, customers can receive benefits amounting to up to 3.4 million won.
The mid-size sedan SM6 can utilize a 3-year interest-free installment product, with the maximum benefit scale expanded to 3.4 to 4.9 million won depending on the trim when including special promotions at showrooms. Customers purchasing the commercial vehicle Master Van receive a special benefit of 3 million won for cash purchases and 1 million won for electric vehicles.
GM Korea's Chevrolet offers various purchase benefits based on the model year of the Trax crossover. The 2026 model operates an installment program that can go up to 36 months at an interest rate of 4% or up to 60 months at 4.5%, while the 2025 model adds a cash promotion of 500,000 won to the program available for up to 60 months at an interest rate of 3.9%.
For the 2026 model year, the Trailblazer offers an installment program of up to 36 months at an interest rate of 4.5% or up to 60 months at 4.9%. Customers purchasing the all-new Colorado, a traditional American pickup truck, can choose a long-term installment program with an interest rate of 6.0% for up to 72 months.
Cadillac offers a special cash discount of 10 million won for the limited edition pure electric SUV Lyriq, with options including a 60-month interest-free installment, interest-free lease (40% down payment), or a contribution of 10 million won for down payment or deposit when using partner financial services.
Customers purchasing the 2024 Escalade (including ESV) can choose a cash discount of 10 million won, a 36-month interest-free installment, or a 60-month lease at 2.5%. Customers buying the 2025 New Escalade will also receive an additional 1 year or 20,000 km warranty extension.