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In December 1993, Hyundai Capital Services [2] was founded under the name Hyundai Auto Finance overlooking automotive and housing finances. In 1999, the company changed its name to Hyundai Capital Services. Hyundai Capital Services started its auto leasing business in 2001 with its inaugural product, "Just Drive."
In early 2022, Hyundai Motor Philippines, Inc. (HMPH) became the official distributor of Hyundai passenger cars in the country after the company was able to take over its passenger car operations from HARI, [114] Audrey Byun is the CEO, while Lee Dong-wook is the President and Victor Jose Vela is the Deputy General Manager of the company.
Vehicle leasing is the leasing (or the use) of a motor vehicle for a fixed period of time at an agreed amount of money for the lease. It is commonly offered by dealers as an alternative to vehicle purchase but is widely used by businesses as a method of acquiring (or having the use of) vehicles for business, without the usually needed cash outlay.
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Hyundai Solaris, formerly one of the best-selling foreign car in Russia. [60] Located in Saint Petersburg, Hyundai started the construction of the Hyundai Motor Manufacturing Rus (HMMR) plant with a planned yearly capacity of 100,000 cars in June 2008, [61] that will eventually be increased to 200,000 units. [62]
Hyundai says more information on the 2024 Kona will arrive next year, and we expect to see range and power increases for the electric version. You Might Also Like Car and Driver’s 10 Best Cars ...