These Exciting 2020 Cars Will Transform Your Driving Experience (and Your Savings)!

It’s about that time, folks. The new year is almost at hand and you know what that means! We’re about to see some sleek, stylish and budget-friendly cars hit the road very soon. 

Automakers are promising to go all out with this incoming class of vehicles. If you’re shopping around for a new ride, why not check out what the new year has in store? Below, we compiled a list of the hottest rides that are fuel-efficient and affordable. Electric vehicles, hybrids and conventional models, there’s a lot to watch out for!

Before we get started, we want to remind you about the amazing benefits of getting a FREE car dealer invoice report. Let’s say you want to know the Toyota Tundra dealer cost in Canada, a car report will reveal the MSRP (Manufacturer’s Suggested Retail Price – how much the dealer paid to own the car). 

You will also see a breakdown of the financing options, factory incentives, lease and finance rates, and recommended dealerships for that make and model. The report helps make the negotiations process 100x easier! 

Without further ado, let’s explore the best new models set to change the game in 2020!

 

2020 Nissan Maxima

Nissan has done it again. The 2020 Maxima is a full-sized sedan that is luxurious, functional and thrilling. Packed with a 300-HP VQ35 engine, it is beautifully crafted with a micro-finished forged crankshaft and high-flow tuned induction system. 

The car boasts of an ergonomically designed shift lever, display commander dial and sport mode button, along with its state-of-the-art NissanConnect navigation system; compatible with Apple CarPlay and Android Auto. 

Available in black and carbon-fibre, car enthusiasts will immediately appreciate the sedan’s quality materials and ideal placement of controls. 

Curious about the price? Get a Free 2020 Nissan Maxima dealer invoice report

 

2020 Hyundai Elantra

This mainstream compact sedan has plenty to offer – without cleaning out your bank account! What’s new? The upgraded continuously variable transmission (CVT) that significantly improves fuel consumption by 3 to 6 kilometres per gallon. The standard safety equipment comes with forward-collision mitigation and automatic emergency braking, lane assist and driver-attention monitoring. 

The Elantra’s base 147-HP engine sure packs a punch and the electrically assisted steering delivers an enjoyable driving experience. All in all, with its emphasis on luxury and generous standard equipment, the sedan is shaping up to be a crowd favourite. 

Curious about the price? Get a Free 2020 Hyundai Elantra dealer invoice report

 

2020 Toyota Prius Prime

Toyota describes this car as  a ‘Hybrid plug-in style model that makes a statement.’ This model has bold colours, striking LED headlights and a unique dual wave rear glass that evens out the airflow. 

With heightened performance and handling, the Toyota Prius Prime boasts of a driver-centric console with soft-touch materials, heated front seating and Qi wireless charging. It is great for a long drive, given the ample storage space to tote around whatever you need. 

The car combines a high-capacity battery with an electric motor to pack a punch. It can achieve a top speed of 135km/hr all the whole delivering seamless acceleration. 

Prime’s EV mode generates zero transmissions and still delivers an amazing performance. You won’t find much amiss with this model.

Curious about the price? Get a Free 2020 Toyota Prius Prime dealer invoice report

 

 Any of These Catch Your Eye? 

Get a Dealer Invoice Report to SAVE Big!

When you select a make and model and request your free report, you will immediately gain access to the following information;

  • MSRP (Manufacturer’s Suggested Retail Price – what the dealer paid to own the car)
  • Factory incentives
  • Lease and finance rates
  • Recommended dealerships
  • Vehicle pricing options
  • Comparable vehicles

With this information, you can access certified recommended dealerships and the negotiation process then becomes a breeze. 

What are you waiting for? Save big with your CCC report!

New Car Research is a Drag. Shorten the Process to Just a Couple of Minutes!

You’ll agree when we say; we live in an age of information overload. Even when it comes to researching a car, you probably know by now that there are so many random tidbits of information that need to be accounted for; the price, the make, the model, the financing options, the dealership, whew, just reading that was probably tiring!

Great news! We’re here to fast track the process for you. We also explain why knowing the new car invoice price in Canada is incredibly important. So for example, if you get a new price report on an Acura RDX, you can find out the MSRP (how much the dealer paid to own the car). 

This is a figure that not too many people know about, and as such struggle through the negotiations process. Don’t put yourself through that scenario. Shop smarter with a Car Cost Canada report!

Alright, let’s get started!

 

PRICE

Establishing a budget before shopping around is key. Here are the factors you should pay attention to when crafting a budget:

Trim Level: Each subsequent trim level comes with added features. Going from one to the other can elevate the base MSRP by as much as $1,500. 

Manufacturer Features: Manufacturer add-ons like safety, extra gadgets and so on, can also elevate the base MSRP by at least $1,000.

Fees: Regulatory fees, freight, air tax, PDI among a few, are some of the additional fees that could hike up the price by as much as $2,200 per vehicle. 

Dealer Features: Rust-protection, VIN etching and the likes offered by the dealer will add approximately $1,000 to the base MSRP. 

Sales Taxes: This is a percent of the MSRP and added charges that varies by province and territory from anywhere between 5 to 15%. 

 

FINANCING OPTIONS

Now that you have your budget in place, let’s look at potential financing options!

Car Leases: This is similar to long-term rentals. You will have to make regular payments, usually lasting for 3 – 5 years. You will not own the car once the lease terminates. However, some contracts do offer the option to purchase the vehicle at the end of the term. Such leases are arranged by dealers. Be sure to carefully read the fine print before signing any contracts. 

Car Loans: You can either procure a loan through the dealer or through a financial institution. 

When you go to a dealership, the dealer takes care of the intricacies with the lender whether that is the manufacturer’s financing division, a bank or credit union, or a car financing company. 

When you approach a financial institution directly for credit, you may be able to negotiate a better interest rate, if you have good credit and a good relationship with the lender. 

Rent-to-Own: These are much like car leases where you have to make regular payments for a certain period of time. The difference is that with a rent-to-own plan, you have to make payments directly to the dealership or rental company instead of a credit union or bank. 

 

GET A DEALER INVOICE REPORT

Getting yourself a dealer invoice report is half the battle won. You can choose your model, make and trim level and get your free report in your email within minutes. Your report will show you;

  • MSRP (Manufacturer’s Suggested Retail Price – what the dealer paid to own the car)
  • Factory incentives
  • Lease and finance rates
  • Recommended dealerships
  • Vehicle pricing options
  • Comparable vehicles

By getting a dealer invoice report from Car Cost Canada, you can cut down your research by half. This report reveals everything you need to know before approaching the dealer. 

Plus, dealers are more open to negotiating when they see you’ve done your research and have a report on hand. 

Shop smartly and save big on your next car.

Get a FREE Dealer Invoice Report Right Now. 

Buying a Car? Breeze Through That Test Drive the RIGHT Way!

You’re in the market for a new car!

There’s nothing quite as exciting as checking out all the makes and models, narrowing down your list and test driving those final few. As fun as this is, there are certain hitches throughout the process that can trip you up, especially when it comes to that tricky test drive. 

In this article, we navigate you through this elusive art, and also explain why it’s so so SO important to familiarize yourself with the car’s dealer invoice price in Canada before putting down your money.  

A dealer invoice report breaks down the MSRP (how much the dealer paid to own the vehicle), factory incentives, financing options, and more! So for example, if you’re curious about the BMW series 8 dealer price in Canada, a dealer invoice report is your secret weapon to making the negotiations process simpler. 

Without further ado, let’s delve into the different techniques to adopt when test driving your dream car. 

Research, Research, Research

We urge you to read reviews from people who’ve test-driven the same model before, get a dealer invoice report and effectively narrow down your top picks. The last thing you want to do is test drive more cars than you need to. 

Create a checklist that meets your main criteria. When you do your homework, it’s much easier to identify the things you want and don’t want in the car and by default, it becomes easier to identify the things you like or dislike during the drive!

Bring a Buddy

Granted, you may not be a car savant, and that’s okay. Bring along a family member or friend. Even if they’re not as savvy themselves, that extra pair of eyes elevates the chances of noticing something that you may not. 

Plus, they can provide valuable feedback as to what it’s like to ride as a passenger in the vehicle. Inexperienced buyers greatly benefit from bringing someone along as there are many potential concerns that crop up during your negotiations with the dealer that call for added support. 

Inspect the Vehicle

Yes, looks matter! Conducting a visual inspection is as important as getting behind the wheel and giving the car a whirl. What to look for?

  • Make sure the size is optimal, and that the car will easily fit into your garage; break out the measuring tape if you must!
  • Inspect the cargo space and glove compartment; too much or too little will be a problem later on.
  • How about that legroom? The interior space should be sufficient for the driver and front and back seat passengers. 
  • Adjust the seats to see if this can be done quickly and comfortably. 
  • Try out the Bluetooth, GPS and radio to make sure there are no glitches. 
  • Experiment with the buttons and knobs to ensure that everything is accessible and intuitive to use.

Get a Dealer Invoice Report

Now you may be wondering; how is a dealer invoice report vital to my test drive? As it turns out, this handy report is vital to not just your test drive but the entire buying process. Allow us to explain. 

When you select a make and model and request your free report, you will immediately gain access to the following information;

  • MSRP (Manufacturer’s Suggested Retail Price – what the dealer paid to own the car)
  • Factory incentives
  • Lease and finance rates
  • Recommended dealerships
  • Vehicle pricing options
  • Comparable vehicles

With this information, you can access certified recommended dealerships and the negotiation process then becomes a breeze. 

A majority of dealerships make a profit of 8.7% on selling a new vehicle. When you know the MSRP, follow the 3-5% rule – add 3-5% on the invoice figure in your report to calculate the most lucrative negotiation price!

Test driving is nothing by itself if you don’t get a good price without breaking your budget, right? Right! That’s why we encourage you to get a free report today – no matter the make and model you have in mind, we got you covered. 

We’re here to help. Request your free dealer report right now.

Embrace the Electric Invasion: Top 3 Electric Cars That Are Stylish and, Yes, Affordable!

Thinking about going electric but still have…qualms? 

Like many interested eco-shoppers, the biggest hurdle to buying an electric vehicle for you might be the cost! There’s hope yet! With the trend of battery technology prices falling rapidly, experts predict that the average price of an EV might soon be at par with conventional fuel vehicles come 2024. 

We’ll do you one better. To make your shopping experience easier, we’ve gone ahead and shortlisted the top 3 most affordable electric cars in Canada. If, for instance, you’re looking for the cost of an electric BMW car in Canada, read on to know how a dealer invoice report can fetch you your dream price without the hidden fees!

 

2019 Nissan Leaf

With over 400,000 models sold worldwide, the Nissan Leaf is the best-selling electric car of all time. Owners can expect a spacious cabin, impressive cargo capacity, composed handling and lively acceleration. 

The standard trim level offers over 240 kilometres while the Leaf Plus offers over 360 kilometres on a single charge. The car doesn’t skimp out on its added features. A 5-inch infotainment system with satellite radio and Bluetooth are available with the standard version. The Leaf Plus fetches you add ons like suede upholstery, an 8-inch display and forward collision alerts. 

 

2019 Hyundai Ioniq Electric

This is hailed as Canada’s favourite electric car, with its powertrain designed to offer a truly memorable ride. On just a single charge, the formidable Ioniq can reach 200 kilometres and produce zero emissions! Speaking of charging, the car takes about 4 ½ hours to reach full charge with a 240-volt charger. 

Owners can enjoy a 7-inch touch screen display, Apple CarPlay and Android Auto compatibility, HD Radio, heated front seats and much more. 

Although some users have found the backseat space to be a bit cramped, especially for passengers that require the extra legroom, the Ioniq doesn’t fall short on impressive cargo capacity and peppy acceleration. 

 

2019 Tesla Model 3

Now you may not have guessed that Tesla would make it to this list, but as it turns out, the company is attempting to competitively price their vehicles to save face in the midst of their stellar rivals. 

The Model 3 boasts of an elegant and futuristic cabin that seats five passengers and doesn’t skimp out on the cargo volume. Users will find it lavished with state-of-the-art technology, a 15-inch touchscreen display, over-the-air software updates, Wi-Fi hotspots, side collision warning and more. 

Given its phenomenal acceleration, athletic handling, and impressive efficiency, this model definitely makes it a great buy for budget-savvy shoppers. 

 

Don’t Pay Full MSRP. 

Find Out the Dealer Cost on Your Electric Vehicle!

Sure, these cars are super affordable. But how cool would it be if you could elevate your savings even more? With Car Cost Canada, that isn’t just a pipe dream. Get a dealer invoice report for any make and model. Your report will reveal;

  • MSRP (Manufacturer’s Suggested Retail Price – what the dealer paid to own the car)
  • Factory incentives
  • Lease and finance rates
  • Recommended dealerships
  • Vehicle pricing options
  • Comparable vehicles

Car negotiations don’t have to be a hassle when you know how much the dealer paid to own the vehicle. 

Save big! Get your Free report right here. 

How to Get Out of a Car Lease Early (Without Paying Penalties)!

There’s nothing quite as exciting as driving your new car off the lot. But sometimes, you may have a change of heart and want to trade that sports car in for something more affordable. If you’re on a lease, can you still break it after signing the agreement, disclosure statement and insurance forms without facing any penalties?

Yes, you can! In this article, we explain how to break a car lease in Ontario. We also reveal how a car dealer invoice report from Car Cost Canada can help you get your next car at an affordable price, with a lot more financing choices than just leasing!

Transferring the Lease

This is the simplest and most well-known way of breaking a lease ahead of time. You can opt to transfer it to a third party firm. A majority of leasing firms do allow for the lease to be transferred to another individual, however, there might be certain caveats. For example, you may be legally tied to the contract, meaning if the other individual defaults in paying on time, the onus falls on you to shoulder that liability. 

Moreover, transfer fees might apply, some of which go as high as $500. Bear in mind that the downpayment on the lease and the vehicle’s mileage might also require you to sweeten the pot by reducing payment amounts for the new lessee, which can go as high as $5,000. 

Trading or Selling the Car

You can also purchase the car from the lease company whenever you like, resulting in an premature buyout. This is an excellent tactic to get out of your lease, especially if you already have a buyer for the vehicle.

Make sure to undertake all dealings with the leasing firm and not the dealer. First things first, find out how much the buyout figure is. The leasing company owns the car, so if you go through a delaer you’re unnecessarily adding a middle person into the mix. 

The payoff figure may include an early end-of-lease fee which could range anywhere from $200 to $6,000. 

Asking the Lease Company to Offset Payments

If you’re in a contemporary financial pickle and need a couple of months to regain your footing, it’s better to communicate that with the lease company rather than directly opting to terminate the lease. 

There are quite a few companies that are willing to waive payments for a period of time. In certain cases, they may choose to reduce your monthly payments or suspend them for a while. Naturally, you will have to make good on the balance at a future date, but it’s still a great way to avoid penalties. 

Looking to Buy a Cheaper Ride? Need More Financing Options

Get a free dealer invoice report! A dealer report generates the price the dealer paid for the vehicle as opposed to the MSRP which is marked up, sometimes substantially. The report reveals the dealer price as well as the incentives you may be eligible for. 

What will the report contain?

  • The MSRP (Manufacturer’s Suggested Retail Price)
  • Factory incentives
  • Leasing and financing options
  • Recommended dealerships
  • Vehicle pricing options
  • Comparable vehicles
  • Great car insurance deals

Most dealers readily accept the report. When you present the information on paper you may avoid a pesky negotiation process.

Request your free report right here!

Buying a New Car as a College Student? Here’s How to Stay Within Budget!

College is an exciting and challenging time. Between 7 am classes, tons of homework and, whew, student loans, you have a lot of your plate. But now you’ve decided to invest in a new car so you can travel faster and more conveniently. That’s great news! Naturally, you want something that stays well within budget.

Buying a new car is a phenomenal experience. Well, actually, owning a new car is a phenomenal experience. Buying one? Not as much. 

We understand that you’re super new to this and need a little help. If you’re curious about, say, the price of a Honda, Car Cost Canada has got your back! This article helps you simplify the negotiation and reveals how you can find out the invoice price on your new car in Canada in a matter of minutes!

Like most new car buyers, you might be wondering; just what is the invoice price of a car? The invoice price or dealer cost is the sum of money paid by the dealership to gain ownership of the car. It includes the cost of the base model and all add-ons. The figure is typically much lower than the advertised figures, the latter of which is referred to as the MSRP (Manufacturer’s Suggested Retail Price).

When you shop smart and get a car dealer invoice report, you can skip the MSRP and pay a much lower fee.

Check the Age of the Car

When shopping around for a new ride, go for a model that’s less than 8 years old.  You’ll need a car that has easily available parts that do not call for frequent replacements. 

When you approach the dealers, make sure you have someone with you who is experienced in purchasing cars. Certain salespersons might deceive new buyers about the state of the motor vehicles. 

By taking an experienced person with you, you’re enhancing your bargaining power and the likelihood of getting the best value for your money. 

Set the Ground Rules

Do your research on the car you have in mind before you set foot into the dealership. Instead of dropping by the dealers and letting the salesperson sway your opinion, tell them you already have a vehicle selected. Convey the trim level and add-ons that you wish to invest in, keeping in mind the price for that configuration. 

When the salesperson senses you’re a novice who doesn’t have a specific model and trim level in mind, they’ll pull out all the stops to get you to invest in expensive and unnecessary add-ons. 

Reassure them that both parties are emerging from a mutually beneficial deal, and ask if they’re willing to match your target price. If not, don’t be afraid to tell them that you’d prefer to go to another dealership. When they see you’re willing to let the deal fall through, they are all the more likely to be open to reason. 

Purchase At the End of the Month

Business slows down at the end of the month and most salespersons are looking to make one final sale. It stands to reason that they’re more amenable and willing to be open to your negotiation tactics. If you want to go one better, try buying your car at the end of a quarter – March, June, September or December. This will help you save even further. 

We suggest shopping for the car early in the month and actually buying it much later, meaning get the test drive done early and narrow the list when the month is closing up shop. 

Access Great Rebates With a Free Car Dealer Invoice Report

A dealer invoice report is honestly every college student’s best friend when car shopping. This report is meant to provide a breakdown of all fees, including the hidden car fees that most people aren’t aware of. That way, you will know exactly how much you’re paying for that trim level and how to negotiate smartly. 

Your report will reveal;

  • MSRP (Manufacturer’s Suggested Retail Price – what the dealer paid to own the car)
  • Factory incentives and rebates
  • Lease and finance rates
  • Recommended dealerships
  • Vehicle pricing options
  • Comparable vehicles

A majority of dealers turn a profit of 8.7% on selling a new car. When you’re aware of the true MSRP, you can follow the 3-5% rule – meaning you can add about 3-5% on the invoice figure in your report to calculate the most lucrative negotiation price. 

 

At Car Cost Canada, you can have your cake and eat it too. Get a great car at your dream price. 

Your report is ready and waiting! Get it here. 

Budgeting For a New Car? Don’t Overspend, Follow These 5 Easy Steps!

Buying a new car is such an exciting experience. But wait, it isn’t just about cruising down to your local dealership and picking out your next ride. The first step? Budgeting! The main hitch that most novice car buyers face is that they assume the price instead of actually crunching the numbers. 

Naturally, this leads to spending more than bargained for. To avoid this scenario and make sure your next car fits seamlessly into the budget, it’s important to know the dealer invoice price in Canada. Moreover, let’s say you’re shopping for an Acura, Car Cost Canada can help you access great rebates and incentives, and save you the hassle of negotiation.

Without further ado, let’s explore 5 tips to ensure that you don’t break the bank with your next ride!

 

  1. Calculate Your Monthly Expenses

Before delving into your new car purchase, gather your most recent credit card statements; mortgage, utility, cell, and internet bills. Bifurcate all monthly expenses into two sections; fixed and variable. The former should include those that involve a flat unwavering figure; rent, whereas the latter includes items like your grocery bills that change from one month to the next. 

  1. Take Into Account Your Disposable Income

From your monthly income subtract your total expenses. Then decide how much of this figure is disposable and how much you want to put away for a rainy day. A great rule of thumb is to not spend over 10% of your household income on a single-vehicle. In the end, the amount you splurge on your car wholly depends on the breadth of your other expenses. 

  1. Familiarize Yourself With Ownership Costs

There’s a difference between how much you can spend and how much you should spend. Car ownership fees include insurance, financing, maintenance, fuel, and depreciation. This can roughly amount to $790 every month. 

The biggest strain on your wallet will be depreciation. In fact, it is estimated that a car depreciates by as high as 30% the moment you drive it off the lot. Fuel, interest, and insurance follow close on the heels of this expense. Once you’ve tabulated ownership costs, it’ll be easy to narrow down your options to cars that can stay within budget. 

  1. Consider Future Costs

If you’re looking at a long car loan, remember that your financial situation in the future will be somewhat constrained. Take into account other expenses like rent that may increase in the future, making it tricky for you to afford your car payments. Since this can divert your budget in a big way, it’s best to factor them into your current disposable income. 

  1. Get a Free Dealer Invoice Report

The last and final step is to get a free dealer invoice report. Your report will reveal;

  • MSRP (Manufacturer’s Suggested Retail Price – what the dealer paid to own the car)
  • Factory incentives
  • Lease and finance rates
  • Recommended dealerships
  • Vehicle pricing options
  • Comparable vehicles

A majority of dealers turn a profit of 8.7% on selling a new car. When you’re aware of the true MSRP, you can follow the 3-5% rule – meaning you can add about 3-5% on the invoice figure in your report to calculate the most lucrative negotiation price. 

It’s simple! Choose your make and model and see a complete breakdown of all fees. 

Get a FREE dealer invoice report in your email within minutes. 

Living With an Electric Vehicle

The popularity of electric vehicles continues to rise along with the concern the apparent climate emergency that planet earth faces. The Government of Canada is supporting a transition away from fossil fuel based passenger vehicles, and many car markers are moving forward with the development of electric vehicles in most market segments. But, consumers are still treading carefully before purchasing an EV (electric vehicle). There are certain questions that many consumers may have before they decide on an electric vehicle as their next car purchase.

1. Can an electric vehicle fit my lifestyle?
2. How much money can I save driving an electric vehicle?
3. Will maintaining an electric vehicle cost less?
4. Where am I going to charge my EV?
5. How long will it take to charge my EV?

These are important questions that you should be asking yourself, and we are here to provide you answers.

Electric Vehicles and Your Lifestyle:

When you are considering purchasing an electric vehicle, you need to think about what kind of lifestyle you currently have. For example, individuals that drive long distances every day, may be quite nervous about the possibility of running out of power to make it home each day.

Although the first thing you would think of when looking at an EV is your daily commute to either work or school, there are a few other factors that you should consider as well. Do you travel to the cottage often? Are there long distances that you will be driving outside of your regular work week? For someone that lives and works in the city, and doesn’t do much traveling, an EV would be an ideal vehicle for them. But, for a large family that plans on driving four hours every weekend, they may have to consider other options. The range on your EV is a function that should fit in with your lifestyle. Interestingly, most current EV owners charge their vehicles at home. So as long as you can get to your home or cottage, distances of up to 300 kilometres are achievable with the EV technology available today.

The bottom line is that if your daily travel adds up to less than 200 kilometres, an EV is almost certainly going to get you everywhere you are driving to.

How Much Money Can I Save With an Electric Vehicle?

If we consider the costs of how much an electric vehicle adds to your electric bill, and how much a level 2 charger would cost to install, we need to make a comparison to how much would be spent on a gas powered vehicle. On average, as little as $300 is added to your electricity bill per year if you were to always charge your vehicle at home. Whereas with gas powered cars, the average Canadian spends upwards of $1500 per year on gas alone, and pickup truck owners or individuals that do a ton of commuting can spend up to $3000 on gas per year. Although a good level 2 charger can cost around $800 upfront, and about $500 to install, the cost of $1300 would be $200 less than what the average Canadian spends on fuel every year.

To sum it up, it is very likely that your cost to fuel your EV will be greater than 50% lower than the cost to fuel a comparable gas powered vehicle.

Will I Save Money Maintaining an Electric Vehicle?

Something that most vehicle owners should consider before purchasing anything is how much maintenance is going to be required for their car and how much it will cost for regular maintenance and unscheduled maintenance. It is typically recommended that you change your oil every six months, and oil changes start at about $40 on average. This does not take into account vehicles that use synthetic oil like many imports and higher performance vehicles. Fortunately, electric vehicles do not require any oil changes. Maintenance items on an EV are tires, suspension and brakes. There are countless items that may need regular or unscheduled maintenance on an ICE (Internal Combustion Engine) which will add hundreds, if not thousands, to the total cost of ownership. This is because there are so many working parts in a gas powered engine, and these parts will need to be replaced over time. Although people looking to purchase an electric vehicle should know that there are a few items that will need to be maintained over time, you will not be doing tune-ups and most of the other required scheduled maintenance. Therefore you are reducing your maintenance costs significantly with an EV. If you are an individual that is very keen on saving as much money as possible with their vehicle, an electric vehicle should be the first type of car you should consider.

In conclusion, depending on how much you drive, you may save over $100 per month, just on fuel. The more you drive, the more you will save. This does not take into account the reduced maintenance costs of an EV.

Where Will I Charge My Electric Car?

There are approximately 5000 electric vehicle charging stations across Canada, and most of them are located in Ontario, British Columbia and Quebec. In comparison, there are as many as 12,000 gas stations across the nation, which is more than double the amount of charging stations, so there is still a long way to go.

But wait a moment, why would you stop at a gasoline station if you could fill up at home? For the majority of consumers that own electric vehicles, their primary location to charge their vehicle is in their own garage. EV owners rarely use charging stations that are away from their home.

Electric vehicles can be charged using the current from a typical household outlet. This is commonly referred to as Level 1. For vehicles that have larger (longer range) battery systems, level 1 charging ports can be extremely slow and would not suffice for models that have a range of over 300 km. Types of vehicles under this category are models like the Nissan Leaf, Chevrolet Bolt, and various Tesla models. Models like the Chevrolet Volt or the Fiat 500e can rely on level 1 charging stations, and can have a full battery by the next morning.

Level 2 chargers, operate at 240 volts AC. These systems significantly boost charging performance. Typically, a level 2 station can provide 40 kilometres of range per hour. As for level 2 chargers, home installation kits are readily available to consumers who directly control their local electricity account. People living in high rise condominiums may experience challenges getting access to charging infrastructure, but luckily many new condominium buildings have charging stations in their parking garage that are accessible to tenants. Often a level 2 charging system can be purchased for around $1000 and installation costs of approximately $500 are not uncommon.

Although most electric vehicle owners do not drive more than 300 kilometres in a day, having a level 2 charging station in your home will add convenience and peace of mind. The ritual of visiting stations that sell gasoline or diesel fuel, may become a thing of the past.
Tesla is marketing roofing systems that connect solar roof shingles, to a battery pack located in the home. The idea being that the battery system can power the home, in place of other electricity supplies. This system is clearly still in its early stages of development and it is likely that the cost of this system will come down in the future.

Level 3 charging systems also known as DC Fast Charge, operate at 480 volts DC. These systems are not typically available in homes, as they require a ton of power. The best known and most common Level 3 system is the Tesla Supercharger network. There is a growing number of Level 3 charging stations being deployed across Canada. The objective of these systems is to get the vehicle back to 80% capacity in less than one hour. When you are in the midst of a long drive, a one hour stop might seem like a huge waste of time. It is possible that wrapping a charging stop around a meal, time to catch up up with your digital friends and other things that you should not be doing while driving will make the time quite productive.

Bottom line; most EV owners love the convenience of charging their cars at home. It is rare that you will hear anyone suggest they miss stopping for gasoline on those cold winter nights. For the vast majority of Canadians, with some planning, charging your EV is not going to be inconvenient.

How Long is it Going to Take to Charge My Electric Vehicle?

The time required to charge your EV is totally dependent on the system you are connected to & the battery capacity of your vehicle.

If you connect your EV to a Level 1 system (basically a standard wall outlet) its going to take 20 hours to add 200 kilometres of range. If you attempted to charge a Jaguar I-Pace at Level 1, it could take over 40 hours to reach a full charge.

Level 2 systems (which is what we strongly recommend all EV owners install), are so much faster that most vehicles can be fully charged overnight while parked in the garage. Adding 200 kilometres of range will take about 5 hours, and adding 400 kilometres of range will take between 10 and 11 hours. It should be noted that many EV manufacturers recommend only charging the vehicle to a level of charge that is aligned with the amount of driving you are going to do.

In other words do not fully charge your Tesla Model 3 Long Range up to its 500 kilometre range every night if you are only going to drive 60 kilometres every day.

Level 3, DC Fast Charge systems are awesome! Adding over 350 kilometres of range in less than one hour is common for these types of units.

The bottom line is that with installing a Level 2 system at home is going to make being an EV a pleasure. When you are on a road trip, plan your overnight stops around the location of available Level 2 or Level 3 charging stations.

To Summarize

Many Canadians could already easily adapt to electric vehicle ownership. There is a lot of money to be saved. Charging your electric vehicle will be easiest at home, but you can certainly plan for charging away from home. Depending on your specific requirements in the following specific areas (passenger capacity, cargo capacity, range) the right EV might already be available. If its not already available, it will probably be in the near future as almost all automakers move towards the electric power to meet the demand for climate friendly vehicles.

Article by: McKenzie Dolan

Ditching Fuel For an Electric Car? 5 Reasons Why That May Be Your Best Idea Yet!

Is it finally time for you to own an electric vehicle? 

In the electric automobile industry, there are so many cars debuting each year. Many of these come with affordable price tags and extended operating ranges, making your buying decision both easier and harder simultaneously. 

So if you’re thinking about an electric car, do read on. Also, we have a great surprise at the end. If you’re wondering, say, what the cost of a BMW electric car in Canada is, we can do you one better! Not only will we show you how to know the full MSRP, but also how you can get amazing rebates and incentives. Read on!

What is an electric car and how does it work? All-electric cars have an electric motor in place of an internal combustion engine. The car relies on a large traction battery pack for power and it must be plugged into a charging station or wall outlet to recharge. 

Granted, these still occupy a razor-thin percentage of the overall automobile industry, but they’re picking up traction very quickly! And with the dearth of renewable fuel sources, there might come a time when all owners switch to EVs!

The debate between electric cars vs gas cars has been on for quite some time. In this article, we explore the pros of shopping for an EV in 2019. 

  1. So Many Amazing Options

You’d be surprised to learn that, in 2019 alone (so far!), 17 new EVs and crossovers have been launched. For the budget-minded shopper, these start as low as $23,900. A large portion of them are within the $30,000 range which, let’s face it, is the average cost of a new car these days. 

Which new models have debuted this year? Say hello to the Audi e-tron, Jaguar i-Pace, Hyundai Kona Electric, Kia Niro Electric and the Nissan Leaf Plus. When talking electric, Tesla is never far behind. This year, the auto giant released the Model 3, priced at $35,000 for the entry-level trim.

  1. EV Resale Values Are Quite Impressive

Conventionally, people have found that EVs have abysmal resale values. That’s about to change. Models like the Chevrolet Bolt EV, Tesla Model 3 and Jaguar I-Pace can all run for over 200 miles at a time and are anticipated to hold a much sturdier 3-year resale value. In fact, the Tesla Model 3 is expected to retain about 64% of its value after 36 months. 

  1. Electricity is More Affordable Than Gasoline

This one’s a given. Gas prices are soaring and more and more people are finding that it’s cheaper to own and run an EV. For instance, the Hyundai Ioniq Electric is expected to cost the owner about $500 a year to run for 15,000 miles! This means that those who opt for this car will pay approx $4,200 less in fuel costs over a 5-year period as opposed to someone who owns a gasoline run vehicle.

  1. No Tailpipe Emissions

EV batteries do not spew smog-forming pollutants like an internal combustion engine does. Imagine the good you’d be doing for the environment! Now the overall impact on the environment does depend on how the electricity is locally sourced. But overall, these produce way less pollution than traditional cars. 

  1. Maintenance Costs Take a Nosedive

No more oil changes or tune-ups That sounds good, doesn’t it? In fact, because there are just a handful of moving parts, the less chance of things failing or needing replacement in an EV. Electric cars use a one-speed transmission and avoid components like valves, spark plugs, clutches, catalytic converters, etc. Thus, you will only need to get the brake pads serviced every once in a while. 

Want the Best Deal on Your New Electric Vehicle?

Car Cost Canada can help! With a dealer invoice report from Car Cost Canada, you can get a breakdown of factory incentives, lease rates and more! That way, you can easily skip the extra charges and find out the MSRP of any car (how much the dealer actually paid to own it). 

Negotiating for a great deal is so much simpler. 

Get your FREE report right here!

Use These 5 Proven Tricks on Your Car Dealer to Get the Price You Want!

You’re on the lookout for your next car? That’s exciting news! What isn’t as exciting is the prospect of haggling with a dealer to talk them down from the exorbitant quote they’ve just given you. Fear not. 

In this article, we reveal 5 successful strategies you can use to beat the dealer at their own game. We talk about how the price of your new car in Canada doesn’t have to be at the whim of the dealer. 

For instance, if you’re in the market for a Subaru Forester, a new price report will help you avoid paying the full MSRP and give you amazing incentives! 

Without further ado, let’s explore the 5 tactics that will get you a new ride without breaking the bank. 

  1. Stick to Your Target Figure

Make it clear to the dealer that you will only sign the paperwork when they agree to match the price you have in mind. Of course, they’ll try to counter your offer. Stay firm and politely decline. Leave them with your phone number, and if the price you’ve quoted is reasonable, chances are they’ll call you back within the next couple of days. 

  1. Know When to Follow Up

Auto gurus have suggested it’s best to follow up on Saturday or Sunday an hour before the dealership closes. 

Always call and ask to speak to the same point-of-contact person you negotiated with before. Reiterate that you aren’t willing to go above your quote, and if they’re having a not-so-lucrative weekend, they just might acquiesce!

Salespeople are under more pressure to make one more sale before the month closes, hence it’s always a good idea to follow up at the end of the month. A deal that they refused on the 26th of the month might suddenly make sense to them on the 30th. 

  1. What NOT to Say

“I really love this car”

“I don’t know much about cars”

“I’ve made up my mind to purchase a car today”

While all of the above may be true, there’s no need to volunteer this information to the dealer. The dealer psychologically profiles every person that walks in. Knowing that you’re already emotionally invested in a car, they might just play to that and use any and all tactics to complete the sale. Make sure you hold the cards and don’t relinquish that edge to the salesperson. 

  1. Don’t Be Afraid to Walk Away

Walking away does not equate to defeat. Sometimes, leaving the dealer with a quote to mull over is a great thing. If you eagerly accept the first quote they give you, chances are you’ll get taken for a ride. From there, it’s only a matter of time before the dealer heaps additional fees onto you (VIN etching, rust protection) that you don’t really need. Again, if the dealer is not meeting you halfway, hit the road. 

  1. Get a Free Dealer Invoice Report

None of the above really stands for much if you don’t have a dealer invoice report to turn to. 

Your report will reveal;

  • MSRP (Manufacturer’s Suggested Retail Price – what the dealer paid to own the car)
  • Factory incentives
  • Lease and finance rates
  • Recommended dealerships
  • Vehicle pricing options
  • Comparable vehicles

A majority of dealers turn a profit of 8.7% on selling a new car. When you’re aware of the true MSRP, you can follow the 3-5% rule – meaning you can add about 3-5% on the invoice figure in your report to calculate the most lucrative negotiation price. 

It’s simple! Choose your make and model and see a complete breakdown of all fees. 

 

Get a FREE dealer invoice report within minutes.