Search Used Cars

Kia Finance Calculator

Kia Credit PCP is a flexible and popular plan that provides you with the option to change your car on a regular basis.

FAQs – Kia Credit Personal Contract Plan (PCP)

What is Kia Credit PCP?
Kia Credit PCP is a flexible and popular plan that provides you with the option to change your car on a regular basis.

How does this PCP Work?
You pay a deposit (between 10% and 30% of the Invoice Price) and then make monthly repayments based on the outstanding balance plus interest less the Guaranteed Minimum Future Value.

At the end of the monthly repayment period you’ll have three options:

Renew: Part exchange the car and use any equity as a deposit on your next car;
Retain: Pay the Guaranteed Future Value and take ownership of the car;
Return: Hand back the car with nothing more to pay.
What is the Guaranteed Future Minimum Value?
The Guaranteed Minimum Future Value (GMFV), calculated at the beginning of a Kia Credit finance agreement, is based on what your car’s estimated value will be at the end of the agreement, taking into account its future condition and mileage. This amount is guaranteed no matter what option you decide to take at the end of the contract.

Kia aim to set GMFV's at a level which should mean that your car is worth more than this amount at the end of the term and therefore provide you with sufficient equity to use as a deposit on your next car.

Does mileage affect the GMFV?
The GMFV we have set is based on mileage of 20,000km per year. If you exceed this the GMFV will be reduced by 10 cents a kilometer. Your Kia dealer will appraise you of all of these conditions.

Is there a set period for a PCP?
Yes – 37 months.

36 monthly instalments with the GMFV falling due in month 37.

Is there a minimum or maximum deposit?
Yes the minimum deposit is 10% and the maximum deposit is 30% of the Invoice Price.

Is the amount quoted on the calculator the amount I will pay?
No this quotation is indicative only. Your Kia dealer will give you an exact quotation for your selected model.

Who is the credit provider?
The credit provider is Bank of Ireland Finance which is a registered trading name of Bank of Ireland.
FAQs – Kia Credit Hire Purchase Plan (HP)

What is Kia Credit HP?
Hire Purchase is an easily understood asset finance product whereby you hire your car over a fixed term for a fixed monthly instalment and you can purchase the car at the end of the term for a small additional fee.

How does this HP Finance Option work?
The credit is secured against your car. Once all the instalments have been paid and on payment of the purchase instalment, the car then belongs to you.

Is the HP agreement for a fixed period?
No you can choose from 24, 36 or 48 months.

Is there a minimum deposit for Kia Credit HP?
Yes your deposit and/or trade in must be a minimum of 50% of the Recommended Retail Price of your new Kia.

Is the amount quoted on the calculator the amount I will pay?
No this quotation is indicative only. Your Kia dealer will give you an exact quotation.

Who is the credit provider?
The credit provider is Bank of Ireland Finance which is a registered trading name of Bank of Ireland.

About Us

Nyhan Motors

Welcome to Nyhan Motors, your main dealer for Kia, Mitsubishi, Hyundai and also catering for your car service needs with Nissan for Cork and West Cork. Nyhan Motors Cork Road, Bandon first opened its doors in 1999 and has turned into a multi-franchise dealer, now selling major brands with 7 years manufacturers' warranty. We have built up a reputation throughout the years of being one of the leading motor dealers in the county.
Read more >

Contact Us

Map of Nyhan MotorsNyhan Motors
Cork Road,
Bandon,
Co. Cork

Tel: +353 23 882 0000
Fax: +353 23 882 0120
Email: reception@nyhanmotors.ie Facebook


Opening Hours

  • SALES
  • Mon-Fri: 9am - 6pm
  • Saturday: 10am - 4pm
  • Sunday: Closed
  • SERVICE
  • Mon-Fri: 9am - 5.30pm
  • Saturday: Appointment Only
  • Sunday: Closed