The SUV and crossover segment continues to be the engine of growth for new vehicle sales in Canada, with volumes up by nearly 16 per cent year to date. While continued record sales volumes have been a positive for all industry players, competition remains fierce among auto makers battling for market share. The result is great deals for consumers on even the most popular models, with auto makers delivering ever more creative offers to attract consumers.
Mazda recently launched a 2016.5 version of its top selling CX-5 with more standard features than the original 2016 version, such as added navigation with voice recognition and rear cross-traffic alert system on its most popular GS trim, while maintaining the same vehicle price as before. As well, Mazda’s “Summer Escape Event” offers buyers of any new Mazda a complimentary two-night hotel stay within Canada.
Ford is in the midst of its Ford Employee Pricing promotion, which will be available until the end of September and eligible Costco members can qualify for an additional $1,000 rebate on many Ford vehicles during that period. In an effort to retain existing owners and convert new buyers, Jeep is offering customers loyalty or conquest rebates of $500 to $2,000, depending on the model purchased or leased, which is in addition to already attractive incentives.
The deals featured this week are some of Canada’s most popular SUVs, and all feature noteworthy savings. Be sure to check out the other featured deals this month including our favourite sedans, coupes and pickups which are available through to Aug. 2:
Rare new car deals with both cash rebates and zero per cent financing
The biggest discounts on sedans that think they are sports cars
The best deals on the top-rated cars for initial quality
2016.5 Mazda CX-5
The Mazda CX-5 is the eighth best-selling SUV in Canada year to date, with a 13 per cent increase in sales over last year. Cash purchasers can take advantage of a $500 manufacturer incentive on the 2016.5 CX-5 (as compared to zero in June). Financing for 60 months and leasing for 48 months are both available at 1.49 per cent (as compared to 1.99 per cent in June). Mazda customers may also be eligible for a complimentary two-night stay at one of 38 Canadian boutique hotels during Mazda’s Summer Escape Event.
2016.5 Mazda CX-5 2.5 GS AWD
Vehicle Price: $31,245
Manufacturer incentive: $500
Freight, PDI, government fees: $2,035
Cash purchase price before tax: $32,030
Finance for 60 months at 1.49 per cent interest for $651 per month including tax (assumes zero down payment)
Lease for 48 months at 1.49 per cent interest for $471 per month including tax (assumes a 20,000 annual kilometre allowance and zero down payment)
2016 Jeep Grand Cherokee
The Jeep Grand Cherokee is the 12th best-selling SUV in Canada year to date, with a 53 per cent increase in sales over last year. Cash purchase, finance and lease customers can take advantage of a $3,000 manufacturer incentive on the 2016 Grand Cherokee (as compared to zero in June). Financing for 60 months and leasing for 48 months are both available at 2.99 per cent. Jeep customers that currently own or lease a Jeep or competitive SUV may qualify for a loyalty or conquest rebate of $2,000 on the Grand Cherokee in addition to the savings noted below.
2016 Jeep Grand Cherokee 3.6 Laredo AWD
Vehicle Price: $43,395
Manufacturer incentive: $3,000
Estimated dealer discount: $1,000
Freight, PDI, government fees: $1,935
Cash purchase price before tax: $41,330
Finance for 60 months at 2.99 per cent interest for $839 per month (includes a $3,000 manufacturer incentive applied before tax and assumes zero down payment)
Lease for 48 months at 2.99 per cent interest for $637 per month including tax (includes a $3,000 manufacturer incentive, assumes an 18,000 annual kilometre allowance and zero down payment)
2016 Ford Edge
The Ford Edge is the ninth best-selling SUV in Canada year to date, with a 28 per cent increase in sales over last year. Cash purchase, finance and lease clients can take advantage of a $2,139 manufacturer incentive on the 2016 Edge SE AWD during Ford’s Employee Pricing event. Financing for 60 months and leasing for 48 months are both available at 0.99 per cent. Eligible Costco members can also qualify for an additional $1,000 rebate in addition to the savings noted below.
2016 Ford Edge SE AWD
Vehicle Price: $35,099
Ford Employee Pricing discount: $2,139
Freight, PDI, government fees: $1,830
Cash purchase price before tax: $34,790
Finance for 60 months at 0.99 per cent interest for $672 per month including tax (includes a $2,139 Ford Employee Pricing discount and assumes zero down payment)
Lease for 48 months at 0.99 per cent interest for $495 per month including tax (includes a $2,139 Ford Employee Pricing discount, assumes a 20,000 annual kilometre allowance and zero down payment)
2016 Toyota RAV4
The Toyota RAV4 is the best-selling SUV in Canada year to date, with a 20 per cent increase in sales over last year. Cash purchasers can take advantage of a $1,000 after-tax manufacturer incentive on the 2016 RAV4. Financing for 60 months and leasing for 48 months are both available at 1.49 per cent.
2016 Toyota RAV4 LE AWD
Vehicle Price: $27,505
Manufacturer incentive: $1,000 (after-tax)
Estimated dealer discount: $500
Freight, PDI, government fees: $1,900
Cash purchase price before tax: $27,905
Finance for 60 months at 1.49 per cent interest for $565 per month including tax (assumes zero down payment)
Lease for 48 months at 1.49 per cent interest for $393 per month including tax (assumes a 20,000 annual kilometre allowance and zero down payment)
Andrew Tai is CEO of Unhaggle.
Pricing and calculations are based on Ontario customers and subject to availability of inventory. Please note that while the information above is accurate at the time of publication, pricing, incentives, and discounts may vary and are subject to change or discontinuation at any time. Dealer discounts are estimates and may be given at the discretion of individual dealers. Consult your local dealership for details.