Kia Motors Australia CEO, Mr SK Lee believes that as larger volumes of Kia?s 2008 model range hit the streets, Kia resale values will begin to rise. This follows the recent announcement of a full five-year factory-backed warranty for all new Kia vehicles sold since 1 January 2008.
"Kia vehicles have rapidly been achieving greater quality and reliability in recent years, matching the now-legendary Kia value story," said Mr Lee President and CEO of Kia Motors Australia.
The factory five-year warranty was announced on 1 February 2008, but backdated to 1 January 2008, and applies to all new Kia vehicles including the Rio, Cerato and Magentis passenger cars; the class-leading Carnival and Grand Carnival people-movers; the Sportage and Sorento SUVs; and the forthcoming K2900 CRDi light truck.
All new Kia vehicles sold since 1 January 2008 will be covered by a five-year factory warranty. For private buyers, the five-year warranty has an unlimited kilometre range, while business and government owners will have a maximum 130,000km limit.
?The new five-year factory warranty will bring added confidence to both private and business buyers. For instance, private buyers who want to sell their car after three years can anticipate getting a better return and will know that the new owner still has the protection and value of the remaining two years' factory warranty.?
In addition to new vehicles, all Kia approved parts and accessories fitted prior to, or at the time of, delivery of a new Kia vehicle will also be covered by the same warranty applying to that vehicle.
The exception to the new five-year warranty will be the few remaining stocks of the K2700 light truck which will retain the previous 3-years/100,000kms warranty.
Full details and conditions of Kia's five-year factory warranty are available from Kia dealers around Australia.