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Hyundai de Magog
Financing a new Hyundai in Magog
Before you sign, four factors affect your payments: the term, the down payment, your trade-in and the rate. This page covers them one by one, then points you to the tool on each model page so you can run your own scenarios.
This month's Hyundai offers
Your exact payment on a new Hyundai, rate and trade-in included
Get my exact paymentVENUEEssential2026
per week
sale price
cash down
at the pump
Rate of 5.99% (including a 1% discount for eligible customers) / $0 down payment / 60-month lease (Retail price: $25,466)
ELANTRAEssential2026
per week
sale price
cash down
at the pump
Rate of 4.49% (including 1% reduction for eligible clients) / $0 down payment / 60-month lease (Retail price: $26,666)
KONAEssential FWD2026
per week
sale price
cash down
and economical
Rate of 4.99% (including a 1% discount for all customers) / $0 down payment / 60-month lease (Retail price: $29,216)
TUCSONPreferred AWD2026
per week
sale price
financing available
$0*cash down
Rate of 4.19% (including 1% discount for eligible customers) / $0 down payment / 60-month lease (Retail price: $38,966)
KONA EVPreferred2026
per week
sale price
included discounts
of range
Rate of 5.49% (including a 1% discount for eligible customers) / $0 down payment / 60-month lease / Retail price: $43,584
IONIQ 5Preferred Long Range2026
per week
sale price
included discounts
Rate of 5.99% (including 1% discount for eligible customers) / $0 down payment / 60-month lease (Retail price: $52,184)
Santa FePreferred Hybrid AWD2026
per week
sale price
cash down
6.9 L/100 km
Rate of 5.99% (including 1% reduction for eligible clients) / $0 down payment / 60-month lease (Retail price: $47,366)
PALISADEPreferred Trend2026
per week
sale price
cash down
seats
Rate of 5.79% (including 1% reduction for eligible clients) / $0 down payment / 60-month lease (Retail price: $57,366)
IONIQ 9Essential RWD2026
per week
sale price
cash down
including subsidies
Rate of 4.29% (including 1% reduction for eligible customers) / $0 down payment / 60-month lease (Retail price: $61,784)
SONATAPreferred Trend AWD2026
per week
sale price
cash down
Rate of 5.59% (including 1% discount for eligible customers) / $0 down / 60-month lease (Retail price: $39,466)
Your exact payment, rate and trade-in included
- ✓Rate and term based on your credit file
- ✓Your trade-in value deducted
- ✓With or without a down payment: we compare both
- ✓All-in price, freight and PDI included
- ★ 4.2on Google (436 reviews)
- Several lendersconsulted for your application
- Freight and PDIincluded in the price
Get your exact payment
No obligation. A quick reply from a Hyundai de Magog advisor.
★ 4.2 on Google (436 reviews) · All-in pricing
New Hyundai vehicles in stock in Magog
Choose your vehicle and we'll work out your financing.
How many months should you finance a new Hyundai over?
The tool on our model pages offers 24, 36, 48, 60, 72, 84 and 96-month financing, and each term shows its own rate. The right choice is often the shortest term whose payment still leaves some room in your budget.
A longer loan spreads out the repayment, which lowers the payment. But you pay interest for longer, and the rate for that term may be higher: compare both numbers, not just the payment.
24 to 36 months
You want to be done with the loan quickly and pay as little interest as possible.
Watch out: This is the highest payment, so keep some room for the unexpected.
48 to 60 months
You want a balance between the payment and the total cost.
Watch out: Compare the rate for each term: it doesn't always rise at the same pace.
72 to 96 months
You need a low payment and plan to keep the vehicle for a long time.
Watch out: More interest overall. In the first few years, the balance can exceed the vehicle's value, so trading it in early would cost more.
A useful rule: avoid financing for longer than you plan to keep the vehicle.
Finance or lease: which one suits you?
Finance if you want to own the vehicle and keep it for a long time, with no mileage limit. Lease if you prefer a payment that is generally lower and like to change vehicles every three or four years.
That's the distinction Hyundai Canada makes.
| Criteria | Finance (buy) | Lease |
| What you pay back | The price of the vehicle, plus credit charges | The depreciation during the contract, plus credit charges |
| Mileage | No limit in the contract | Annual limit chosen at the start |
| Modifying the vehicle | Possible, but check the contract, the warranty and your insurer first | Best avoided: the vehicle is returned |
| Selling or trading in before the end | Possible, by paying off the loan balance | Fees generally apply to end a lease early |
| At the end | The vehicle is yours, with no further payments | Return it, buy it out or drive away in a new one, depending on the contract |
Finance (buy)
Lease
What you pay back
The price of the vehicle, plus credit charges
The depreciation during the contract, plus credit charges
Mileage
No limit in the contract
Annual limit chosen at the start
Modifying the vehicle
Possible, but check the contract, the warranty and your insurer first
Best avoided: the vehicle is returned
Selling or trading in before the end
Possible, by paying off the loan balance
Fees generally apply to end a lease early
At the end
The vehicle is yours, with no further payments
Return it, buy it out or drive away in a new one, depending on the contract
Still not sure? Our Hyundai leasing: terms and mileage page helps you work out the kilometres. And if your lease is coming to an end, see Lease end and buyout.
Do you need a down payment to finance a Hyundai?
A down payment isn't always required, but it reduces the amount you borrow, and therefore the interest and the payment.
Whether a down payment is required, and how much, depends on credit approval.
In the tool on our model pages, the down payment is set to $0 by default. This setting is for running scenarios: it is neither an approval nor a guarantee that no amount will be required.
Key points
- A down payment lowers the balance from day one, which helps if you might change vehicles before the loan ends.
- Keep a cushion for the unexpected: emptying your account for the down payment, then putting a home repair on your credit card, isn't a saving.
- In the tool, try the same vehicle with and without a down payment, over the same term, and look at the difference.
How does my trade-in factor into the financing?
The value of your current vehicle reduces the amount to finance, once its balance is paid off. If your car is still financed, only the difference between its value and what you owe works in your favour.
- 1
Get your vehicle appraised. The online appraisal gives a preliminary estimate, confirmed after an inspection.
- 2
Check your balance with your current lender. On the day of the transaction, that is the amount that will be paid off.
- 3
Do the math. Value higher than the balance: the difference reduces your new financing. Balance higher than the value: the gap can be added to the new loan, which means you're financing part of your old vehicle. Ask to see that amount in writing.
Before you sign, ask to see clearly the trade-in value granted, the balance paid to your lender and the amount actually applied to the new financing.
What Hyundai financing rate can you expect?
The rate depends on the model, the trim, the term, the Hyundai programs in effect that month and your credit approval.
There's no single rate: it depends on the vehicle, the term and the current offer.
To see current rates on the Hyundai you're interested in:
- 1
Open the model page, for example the 2026 Tucson, 2026 Kona, 2026 Elantra, 2026 Santa Fe or 2026 IONIQ 5.
- 2
In the “Build & Price” section, choose the trim, then click “Calculate” and the “Finance” tab.
- 3
Compare the terms: each one shows its payment and its estimated rate.
Before comparing two scenarios, check the trim, the colour and the rebates applied in the tool: they change the amount financed. By default, the payment is shown before taxes (“+ tx”). The rate shown is an estimate; the final rate depends on credit approval and the programs in effect on the day you sign.
This month's financing offers, with their conditions, are on our Monthly promotions page. The full lineup: New vehicles.
What should you check in the contract before signing?
Read the credit rate, the credit charges, the total obligation and the payment schedule before you sign: they show what the loan really costs, not the payment alone.
- The credit rate and credit charges. According to the Office de la protection du consommateur (OPC), credit charges include everything you pay on top of the amount financed: interest, certain administration fees and insurance premiums taken out through the merchant, among others.
- The total obligation. The total of what you'll have repaid by the end. Compare it between two terms.
- The payments. The contract must state their amount and due dates.
- Added protection products. Extended warranties and protection products can be included in the financing. They increase the amount borrowed, so choose the ones that meet a real need.
- The type of contract.Ask whether it's an instalment sale contract: the OPC describes it as a credit sale financed by the merchant, who generally assigns the contract to a financial institution. Two rules apply:
- early repayment: according to the OPC, you can repay part or all of the amount owing before it's due, with no penalty;
- ownership: the merchant, or the institution the contract is assigned to, remains the owner of the vehicle until the price and credit charges are paid in full.
Why finance your Hyundai at Hyundai de Magog?
You choose your vehicle, value your trade-in and arrange financing in one place, with an advisor who submits your application to several financial institutions.
Your application can be handled in person in Magog, or remotely.
According to Hyundai Canada, a vehicle purchased through Hyundai's financing program also comes with the warranty and 24/7 roadside assistance for 5 years. Coverage details (5-year/100,000 km comprehensive limited warranty, whichever comes first) are on our Hyundai warranty page.
How it works:
- 1
You apply, online or at the dealership.
- 2
We review your application with our financial partners and present your options.
- 3
You choose the vehicle, the trade-in and the protection products. Torn between two models? Book a test drive.
- 4
You sign and take delivery. The contract can be signed electronically. We show you the main controls before you leave.
To insure your new vehicle: Request an insurance quote.
Start your financing application
We'll guide you through the whole process to explore every possible option, whether you're buying, leasing or trading in your vehicle.
Is your credit history more complicated?
Bankruptcy, divorce, a first purchase with no credit history, self-employed income: every application is reviewed case by case. We cover it in detail on a separate page.
Frequently asked questions about Hyundai financing
Can you pay off a car loan early?
Yes, when the financing is an instalment sale contract.
The Office de la protection du consommateur states that the consumer can then repay part or all of the amount owing before it's due, with no penalty. That's useful if you receive an unexpected sum or want to reduce your interest. If you pay the balance in full, the merchant or lender must give you a release, free of charge. Ask for your exact balance before making the payment.
Does Hyundai offer 0% financing?
It depends on the month.
Financing rates vary with the Hyundai programs in effect, the model, the trim and the term: a promotional rate is never guaranteed from one month to the next. To see what's available now, check our Monthly promotions or the “Finance” tab of the tool on the model page. The final rate always depends on credit approval.
Can you finance a new Hyundai over 96 months?
Yes, our tool offers terms from 24 to 96 months, depending on the programs available.
On the same trim, 96 months can lower the payment, but you pay interest for longer, and the rate for that term may be higher than for a shorter loan. Before choosing, compare the total obligation for two or three terms. Avoid financing for longer than you plan to keep the vehicle.
What documents do you need for a financing application?
Generally: a piece of ID, proof of address and recent proof of income.
Your advisor tells you exactly what to provide for your situation. A self-employed person may need to provide other documents, such as notices of assessment. Preparing your documents ahead of time avoids back-and-forth and keeps your application moving.
Will my financing application affect my credit report?
When possible, we start with a check that doesn't affect your credit report.
A full credit check may be needed for final approval by the financial institution. If you're shopping elsewhere at the same time, ask each lender before they pull your file. Your advisor will tell you when the full check will be done.
How can I estimate my monthly payment on a new Hyundai?
Open the model page, choose the trim in “Build & Price”, then click “Calculate” and the “Finance” tab.
Choose the monthly view, enter your down payment and trade-in value, and turn on “Include taxes” if needed. Before comparing, check the colour selected and the rebates applied: they change the amount. The result is an estimate; the final payment depends on credit approval.
How do I reach Hyundai Motor Finance customer service?
If you already have a Hyundai finance or lease contract, your balance and payments are handled by Hyundai Motor Finance, not the dealership.
Its current contact information is on its portal, accessible from Hyundai Canada's official page. For a lease return or buyout, see Lease end and buyout. For a new purchase in Magog: 819 868-0010.
Let's talk about your financing.
An advisor submits your application to several financial institutions. Your application can be handled in person in Magog, or remotely.
New models
- 2026 Hyundai ELANTRA
- 2026 Hyundai ELANTRA N
- 2026 Hyundai IONIQ 5
- 2026 Hyundai KONA
- 2026 Hyundai KONA Electric
- 2026 Hyundai PALISADE
- 2026 Hyundai SANTA FE
- 2026 Hyundai SONATA
- 2026 Hyundai TUCSON
- 2026 Hyundai VENUE
- 2027 Hyundai IONIQ 5
- 2027 Hyundai IONIQ 5 N
- 2027 Hyundai IONIQ 9 - English
- 2027 Hyundai KONA
- 2027 Hyundai KONA Electric
- 2027 Hyundai PALISADE
- 2027 Hyundai SANTA FE
- Hyundai IONIQ 9 2026 - English
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*While we strive to ensure the accuracy of the information, we are not responsible for any errors or omissions on these pages. Please contact your dealer for full terms and conditions. Vehicle prices shown are subject to change without notice.
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