With all the lackluster offers Canadian manufacturers have been using to entice consumers to shop in Canada, it was only a matter of time before an underdog appeared with a real offer. Hyundai Canada announced today that it was offering an incentive package that ranges from $3,000 up to $5,500 on selected vehicles.

To put this in perspective, there is $3,000 on Tiburon. In Canada the Shark starts swimming for $18,995 while beginning at $16,695. With this incentive and the partial GST reduction Hyundai has on the go, it’s cheaper to buy a Tib in Canada than in the States.

Well done Hyundai!

Hyundai press release

MARKHAM, ON, Nov. 14 /CNW/ - Beginning today, Hyundai Auto Canada Corp.
is offering Canadians a “Holiday Gift Event” that gives potential cross-border
vehicle shoppers a reason to reconsider taking that trip to the United States.
The Hyundai Holiday Gift Event offers cash back from $3,000 to $5,500 on
selected 2007 models. Additionally, Hyundai Canada is offering significantly
reduced purchase and lease financing of up to 0% on select models. This is in
addition to the previously announced GST reduction programme whereby customers
pay the equivalent of 5% GST on all 2007 and 2008 model year Hyundai vehicles.
In the United States, automobile purchase or lease financing is not available
to Canadian residents so there is a substantial benefit to shopping in Canada
where financing is available.
“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 at Hyundai Auto Canada Corp. “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 0% 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 forgo 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.”
The cash-back values Hyundai Canada is offering range from $3,000 on the
Tiburon to $5,500 cash back on the award-winning Azera sedan and Entourage
minivan. Further details about the Hyundai Holiday Gift Event are available at
www.hyundaicanada.com.

Hyundai Auto Canada, established in 1983 and headquartered in Markham
Ontario, is a subsidiary of Hyundai Motor Company of Korea. Hyundai vehicles
are distributed throughout Canada by Hyundai Auto Canada and are sold and
serviced through 170 dealerships nationwide.