Kia India has expanded its Assured Buyback Programme across eligible petrol, diesel, CNG, hybrid and electric vehicles. The scheme offers an assured residual value of up to 75 per cent for internal combustion engine (ICE) models after three years. Electric vehicles qualify for up to 70 per cent over the same period. The expansion introduces additional ownership tenure and mileage options for customers who intend to exchange or upgrade their vehicles.
The programme covers six models: Sonet, Syros, New Seltos, Carens, Carens Clavis and Sorento. Kia has extended eligibility across applicable petrol, diesel, CNG, hybrid and electric powertrains within its portfolio. The assured residual value is established at the time of purchase, subject to the applicable programme agreement. The exact amount depends on the eligible vehicle and the conditions attached to the selected plan.
The revised scheme offers three ownership tenure options for ICE vehicles. Customers can select a three-year, four-year or five-year arrangement according to their intended ownership period. Electric vehicle plans are available for three or four years. The different tenure options provide an alternative to conventional vehicle ownership without a predetermined resale value at the time of purchase.
The programme also offers three annual mileage limits: 10,000 km, 15,000 km and 20,000 km. The maximum distance covered under the scheme reaches 1,00,000 km across a five-year ownership period. The selected mileage limit establishes the distance conditions applicable to the assured buyback arrangement. The final valuation and settlement are governed by the agreement applicable to the vehicle.
The assured buyback value is determined when the customer enrols in the programme at the time of purchasing an eligible Kia model. At the end of the selected tenure, customers can claim the agreed value subject to the contractual conditions. The arrangement provides a predetermined valuation for a future vehicle exchange or upgrade, instead of depending entirely on the resale price available at that point.
The programme is independently administered by an appointed partner, which handles enrolment, eligibility, valuation and settlement obligations. Kia India facilitates access through participating authorised dealerships across the country. The agreement between the customer and the programme partner governs the applicable financial obligations and the procedure for claiming the assured value.
The maximum residual values of 75 per cent for ICE models and 70 per cent for EVs apply specifically to three-year plans. Kia has not specified equivalent percentages for four-year or five-year arrangements in its announcement. Individual model-wise residual values have also not been detailed. Customers will receive the applicable valuation and contractual conditions when they select their eligible vehicle and ownership plan.
