Automotive

2016 sonata Limited-5000 downpaymt -210CAD incl tax (Bi-weekly)-Lease(48)months good?

  • Last Updated:
  • Jun 29th, 2016 3:01 pm
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[OP]
Newbie
Dec 16, 2013
24 posts

2016 sonata Limited-5000 downpaymt -210CAD incl tax (Bi-weekly)-Lease(48)months good?

Hi All,
There was a Tent Sale going on Barrhaven(Ottawa) - http://www.myersbarrhaventoyota.ca/
I got quote for 2016 NEW sonata Limited version and want to know if it is good deal or not.

Details:
Model : 2016 SONATA LIMITED
Type : LEASE - 48 months - 0.99%
Bi-weekly PYMT : 210 CAD including tax (Bi-weekly)
Downpayment : 5000 CAD
Kms : 24,000 Kms per year
Extra services included : winter tyres, Extended warranty - 7 Yrs/140000 Kms, Rust protection, Road Hazard, full tank Gas, Full liner Mats, Paint and Leather
protection 7 years, Unlimited lifetime Oil Changes
Buy Back price after lease : 14,838 CAD

Regards
....LP
63 replies
Deal Expert
User avatar
Mar 14, 2009
15168 posts
6179 upvotes
Wow lifetime oil changes. That looks like a great deal to me.
Deal Addict
Feb 7, 2006
2275 posts
862 upvotes
It's ok, but nothing special - especially since the $210/mo payment is after a $5k downpayment.
[OP]
Newbie
Dec 16, 2013
24 posts
Hi All,
There was a Tent Sale going on Barrhaven(Ottawa) - http://www.myersbarrhaventoyota.ca/
I got quote for 2016 NEW sonata Limited version and want to know if it is good deal or not.

Details:
Model : 2016 SONATA LIMITED
Type : LEASE - 48 months - 0.99%
MONTHLY PYMT : 210 CAD including tax
Downpayment : 5000 CAD
Kms : 24,000 Kms per year
Extra services included : winter tyres, Extended warranty - 7 Yrs/140000 Kms, Rust protection, Road Hazard, full tank Gas, Full liner Mats, Paint and Leather
protection 7 years, Unlimited lifetime Oil Changes
Buy Back price after lease : 14,838 CAD

Regards
....LP
Deal Addict
May 2, 2008
2536 posts
1396 upvotes
Mississauga
wait... Toyota dealer selling a brand new Hyundai?... I'm confused haha
Vinh
If you're going to hate, Get off RFD!
Deal Guru
User avatar
Jun 12, 2003
14922 posts
1199 upvotes
Markham
That massive down payment on a lease...
ShadowVlican
Member
Dec 10, 2012
374 posts
187 upvotes
GTA
vinnie1990 wrote: wait... Toyota dealer selling a brand new Hyundai?... I'm confused haha
I m also confused....why is toyota selling a hyundai?
Jr. Member
Jan 31, 2016
176 posts
83 upvotes
AB
This is an excellent deal for a new car. only $15k depreciation after 4 years. And free oil changes. The limited comes with all the bells and whistles one can possibly want.
Member
Jul 7, 2011
466 posts
189 upvotes
Shh... Don't tell headquarters, our sales havnt been that great lately.
Deal Addict
Aug 1, 2007
2119 posts
659 upvotes
Too good to be true for a Limited model?
Sr. Member
Apr 25, 2005
911 posts
285 upvotes
winner2000 wrote: It's ok, but nothing special - especially since the $210/mo payment is after a $5k downpayment.
Not sure what you are talking about "ie It is OK" - That is a hell of a deal considering what he is getting - without the 5K down, it is essentially $320 per month all taxes inc.

On hyundai's site, it comes to about $500 taxes in just for the car alone, without all those Bells and Whistles which I think some are useless to get (like all the protection and warranty items which probably adds to $4K or so - which BTW you have to pay out right as opposed to pay the portion you use).

If I were leasing it, I'd get them to take off those extra items (even at their cost) and you might end up with a sweet deal.
If you plan to keep the car for 7yrs (ie buyback later), then you might consider keeping them in. I personally wouldn't.

I think you are getting a pretty good awesome deal and I think there is a catch to all of that. If I were shopping for a car (and had no preference), I'd go for it!
Deal Fanatic
Jul 20, 2006
9866 posts
3168 upvotes
winner2000 wrote: It's ok, but nothing special - especially since the $210/mo payment is after a $5k downpayment.
Did you even price it out at the website or you just wanted to make a comment?

If this is what you are looking for it's great deal (comparable to the TLX deal last year). Do it without the down payment though.

You are positive it's not biweekly though considering the oil changes, winter tires and extended warranty all add up to more than $2000+.
Jr. Member
Jan 26, 2017
110 posts
51 upvotes
Vancouver
lakshmipathik wrote: Hi All,
There was a Tent Sale going on Barrhaven(Ottawa) - http://www.myersbarrhaventoyota.ca/
I got quote for 2016 NEW sonata Limited version and want to know if it is good deal or not.

Details:
Model : 2016 SONATA LIMITED
Type : LEASE - 48 months - 0.99%
MONTHLY PYMT : 210 CAD including tax
Downpayment : 5000 CAD
Kms : 24,000 Kms per year
Extra services included : winter tyres, Extended warranty - 7 Yrs/140000 Kms, Rust protection, Road Hazard, full tank Gas, Full liner Mats, Paint and Leather
protection 7 years, Unlimited lifetime Oil Changes
Buy Back price after lease : 14,838 CAD

Regards
....LP
5000 for down payment looks high. May be you could negotiate to lower it.
Member
Oct 18, 2011
330 posts
208 upvotes
Regina
so the price is 185*48+5000+14838 = 24000ish? soulds like a good deal for a sonata limited.
[OP]
Newbie
Dec 16, 2013
24 posts
I do not have in my hand, Agent have issues with his system, and I was running late for my work. I will be meeting them tomorrow evening, later I can share.
Deal Addict
May 18, 2005
3412 posts
358 upvotes
So basically $314/month for a 4 year lease, just average I would say.
Deal Addict
May 18, 2005
3412 posts
358 upvotes
shengli2009fall wrote: so the price is 185*48+5000+14838 = 24000ish? soulds like a good deal for a sonata limited.
You might want to do your math again :D
Sr. Member
Sep 30, 2007
545 posts
127 upvotes
Been waiting for a lease deal to come on RFD again, but was hoping for a premium brand (Cadillac, Acura deals)...might look into this, but will agree the 5k down payment is a bit of a turnoff.

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