November 15, 2007

Hyundai Canada announces Holiday Gift Event

Markham, Ontario – Hyundai Auto Canada has announced a “Holiday Gift Event” it says gives potential cross-border shoppers a reason to reconsider a trip to the U.S. The promotion offers cash back from $3,000 to $5,000 on selected 2007 models, and significantly-reduced purchase and lease financing as low as zero per cent on selected models.

The new program is in addition to the previously-announced GST reduction program, whereby customers pay the equivalent of five per cent GST on all 2007 and 2008 model-year Hyundai vehicles. Hyundai also reminds shoppers that automobile purchase or lease financing is not available to Canadians at U.S. dealers.

“We know Canadian customers are looking for a reason to purchase a vehicle in Canada right now,” said John Vernile, Vice President of Sales and Marketing. “This Hyundai cash-back and rate-reduced program is that reason. While the cash-back offers are significant, the real savings to Canadians come in our zero per cent finance and lease rates. Buyers going to the U.S. have to take funds out of their bank accounts or personal lines of credit, causing them to incur significant interest costs or forego earning interest.

“Our low Hyundai Financial Services interest rates make the transaction prices of several of our models lower than comparable U.S. models and allow buyers the huge financial benefit of keeping their cash in their accounts to earn interest. This offers value to our Canadian customers, keeps business and money in Canada, and removes the hassle and uncertainty of importing a U.S. vehicle.”

Further information about the promotion is available at

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