Lease & Finance New Hyundai Vehicles in Chatham, ON
In the market for a brand new Hyundai vehicle? You may qualify for our loyalty program! Enjoy rate reductions of up to 1.0% and a $500 Cash Purchase Rebate on all new Hyundai Models available at Hyundai of Chatham. As well, our finance experts have offered some insight about whether you should finance or lease your next vehicle by weighing the key advantages of each. Keep reading to find out whether financing or leasing a vehicle is right for you, and start shopping the full selection at Hyundai of Chatham today!
What is the Hyundai Loyalty Program?
Eligible Hyundai drivers looking to change up their ride can now earn incentives when shopping for a new Hyundai vehicle:
- 5% Rate Reduction on Finance Purchases
- 1.0% Lease Rate Reduction
- $500 Cash Purchase Rebate
These incentives apply to all new Hyundai models, and drivers must already own a Hyundai vehicle in order to qualify.
Leasing vs. Financing: Which is Right For Your Lifestyle?
With loyalty offers available for both leasing and financing, you might be wondering: which is right for you? Consult the table below for some key differences between leasing and financing, or get in touch with our finance experts for further guidance.
| Benefits of Leasing vs. Financing | |
| Leasing | Financing |
| Lower monthly costs. | You own the vehicle once you pay it off, meaning you’ll make no future payments (other than maintenance, repair, and insurance costs). |
| Switch up your vehicle for the latest model after your lease term ends. | Long-term ownership of a vehicle that you know and love. |
| Leasing a new vehicle means it’s still under warranty, so you’re not left out of pocket on repair costs. | Once you own the vehicle, there’s no pressure to keep it in a certain condition. |
| If you choose to return the vehicle after your lease term ends, you sidestep depreciation of value and avoid the risk of negative equity. | You can put as many kilometres on the vehicle as you like. |
Leasing & Financing FAQs
Is Leasing a Car a Good Idea in Canada?
Leasing is a very affordable option if you prefer to drive the latest model, as you’re effectively only paying for the portion of the vehicle that you use. As well, leasing a vehicle means you’re not responsible for its maintenance costs, since parts and services are still covered by the manufacturer’s warranty. However, if you drive a lot or like to take road trips (e.g. to watch Canada’s fall foliage) then you might want to consider financing instead.
Is it Better to Lease or Buy on Finance?
Whether it’s better to lease or buy a vehicle on finance depends on your lifestyle and driving habits. Drivers who just want a vehicle for their daily commute might prefer to lease one to enjoy the convenience of having a vehicle without paying the ticket price long-term. On the other hand, financing is best for drivers who consistently travel long distances and like to maintain a preferred vehicle for an extended period.
Can You Buy a Car After You Lease It?
Yes! If you change your mind and decide you’d like to keep the same vehicle after your lease term ends, you can arrange with our finance department to keep it and pay the remaining amount over time. The car will then be yours once the full amount is paid.
Join the Hyundai Loyalty Program at Hyundai of Chatham
Ready to take advantage of Hyundai of Chatham’s loyalty program? Shop our inventory online or stop by our showroom to start saving when you finance or lease a new Hyundai with us! We have a wide range of cars and SUVs to choose from, so don’t hesitate to contact our sales team for more information or book a test drive for some hands-on experience with your favourite vehicles.