Key highlights
- Kia India and Avis Leasing sign MoU
- Both companies will offer Kia models on lease
- Lease tenure ranges from 30 to 60 months
Kia and Avis Leasing have joined hands to offer Kia cars on lease in India. The vehicle lease segment is relatively new, and Kia is consistently expanding in this space. Read more details below.
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Kia India and Avis Leasing MoU details explained
The latest MoU between Kia and Avis Leasing will offer customers affordable vehicle leasing options. This is the third MoU signed by Kia with a third-party to offer its models on lease in India.
During the official announcement event, Kia revealed that India’s vehicle leasing segment is relatively unexplored and the brand is keen on expanding its roots here. Additionally, the vehicle leasing has witnessed a slow yet steady progress in India, and the profits involved are higher.
With that said, both companies will offer all Kia cars with a lease tenure ranging from 30 months to 60 months. Once the lease is over, customers can either return the car or switch to a new Kia model as per their choice. Meanwhile, the lease programs include various packages, which offer attractive maintenance and ownership costs, as per the annual usage of the customer.
