Retail Trade-In Assistance Program
o The Customer must purchase an eligible new Kia vehicle.
o The Customer must be the Current Registered Owner or Lessee of a 2000 Model Year or newer Kia model or competitive car, truck, van or SUV vehicle (this is the qualifying vehicle).
o Customer must have owned or leased the qualifying vehicle for 30 days or more prior to the new sale date.
o If the Customer owns the qualifying vehicle, the qualifying vehicle must be traded-in as part of the new sale
o If the Customer is leasing the qualifying vehicle, AND the vehicle has a lease maturity date between May 1, 2020 and October 31, 2020, Dealer must obtain and retain documentation indicating the maturity date (such as a lease statement). Vehicles meeting this qualification do not need to be traded-in or grounded by the Dealer.
o If the Customer is leasing the qualifying vehicle and the lease maturity date is NOT between May 1, 2020 and October 31, 2020 one of the following is required: - If the qualifying vehicle is a Kia, the Dealer may ground/accept the lease return. Dealer must retain documentation of the lease return. KMA reserves the right to verify with Kia Motor Finance. - Alternatively, for any qualifying vehicle, the Dealer may buy out the qualifying lease (purchase the vehicle). This is considered a trade-in. - Note: The above two requirements are also valid for lease maturities between May 1, 2020 and October 31, 2020 (alternatives to obtaining/retaining documentation of the maturity date). (See Trims)