Go Electric in These Modern, Eco-Friendly Rides!

Going electric – what seemed like only a mere dream a decade ago is now a reality we can all take part in. Electric vehicles are so prevalent on Canadian roads, it’s hard NOT to spot one. Why are electric vehicles all the rage all of a sudden? It’s no surprise that electric vehicles are beneficial to the planet, however, most consumers are unaware that they are beneficial when it comes to the checkbook as well. The cost of “charging is significantly lower than the cost of filling up a tank and with copious amounts of rebates offered, the ability to save money is highly present.

 

Electric cars are a great option for commuters with varying budgets and needs. No two electric vehicles are the same. If you’re considering an EV, here are the best new car deals Canada has to offer:

 

Nissan Leaf

 

If you’re looking for something compact, functional, and affordable, the Leaf has it ALL. The new and improved Nissan Leaf has a range of 242 km on a single charge, making it a great option if you like to take those long, summer cruises. The Leaf is also a compact vehicle, making it easy to navigate the city and find parking spots in even the smallest of places. Its hp sits just under 150. While speed isn’t it’s forte, it makes up for it with its safety and longevity. The Leaf starts just over $35,000 for the base model, making it an affordable option in the EV world.

 

Go for it if: you are looking for a functional EV that can go the distance

 

Move on if: you want a faster, sportier vehicle

 

Smart Fortwo

 

Owning a large car with ample seating is grounds for you becoming the taxi service for your friends and family. One day you’re dropping a friend off down the street, the next day you’re dropping your co-workers off 30km away. How can you solve that issue? A Smart Car! The Smart Fortwo is a two-seater vehicle with limited space. In 2018, the Fortwo went fully electric in North America. The range may be limited, at 155km on a single charge, but another excuse for not having to drop people off around the city! The Smart Fortwo is an excellent option for city drivers, especially those in cities such as Toronto or Vancouver City where traffic is heavy a majority of the time. If parking isn’t your specialty, this vehicle will make it a breeze!

Go for it if: you are tired of being the chauffeur for everyone 

 

Move on if: you want to buy more than two bags worth of groceries – this EV has very limited cargo space 

 

Jaguar I-PACE

 

Luxury, comfort, space, power – the best way to describe the Jaguar I-PACE. This luxury class vehicle has a spacious interior and a sleek exterior. From family road trips to city cruising, the I-PACE can do it all. When we said power, we weren’t kidding – the I-PACE has 394 hp and can go from 0-100km/h in 4.8 seconds. The hp isn’t the only impressive stat this vehicle has to offer. The I-PACE has a range of 386km on a single charge, making it a great road trip ride! All these impressive stats, however, come with a hefty price tag. The Jaguar I-PACE starts at just over $89,000. What it lacks in affordability, it certainly makes up for in power, space, and style.

 

Go for it if: you are looking for a spacious EV with a sporty feel to it

 

Move on if: you don’t want to fork over (at least) $90k for a car

 

Kia Soul EV

 

Want a vehicle with space but don’t want to spend an arm and a leg? The Kia Soul EV is here to save the day! It may be classed as a compact vehicle, but it certainly has a lot of room! The Kia Soul EV also has a very unique look to it, perfect if you want to stand out on the roads. With a range of 179km on a single charge, the Soul EV is perfect for city commuters. The output of the vehicle does pale in comparison to the other models mentioned, at 109hp, however, the higher end models go as high as 201 hp. The Soul starts at just under $43,000 dollars and with all its new aged features, it’s well worth!

 

Go for it if: you are a city commuter who doesn’t spend a ton of time driving

 

Move on if: you want an all-wheel-drive vehicle – the Soul EV only comes in front-wheel-drive currently

 

BMW i3

 

There’s no denying, German engineering is top-tier and they continued to bring that quality with the i3. The i3 is the fully electric sister to the BMW i8 which is a hybrid. Compared to the i8, it is also a fraction of the price, starting just under $45,000. The i3 has a range of 200km, making it a great ride for daily commuters. Just like the non-electric BMWs, the i3 has a touch of class on every inch of it, with a sleek and modern interior and unique exterior. Canadian drives, however, must take note of the fact that the i3 only comes as a rear-wheel-drive option currently. While this does make it a more powerful sports vehicle, it can be a little difficult to navigate in the winter. With that being said, it hits the standards of all BMWs in that it is a fun, thrilling vehicle.

 

Go for it if: you want a luxury vehicle at an economical price

 

Move on if: you do a lot of driving in the winter – RWD is not ideal for harsh conditions

 

With the EV market growing, more and more manufacturers are hopping on board creating their own electric or hybrid models. It once seemed that the only electric vehicle on the market was Tesla, however, nowadays, the options are superfluous and EVs are becoming more and more affordable for the everyday driver.

 

Looking to make the switch to electric? Get your FREE Dealer Invoice Report today and save big on your EV purchase!

Incentives, Incentives, Incentives: Which Ones Do I Qualify For?

When it comes to any transaction, saving money is a big win. From saving a couple of bucks on a burger to saving thousands on a new car, any opportunity to save money should be seized. Purchasing a vehicle is quite significant and next to purchasing a home, is one of the largest transaction one will make in their lifetime. Because of this, many scramble to find ways to knock some dollars off of the cost of their vehicle.

One surefire way to save big on your next new vehicle purchase is to utilize a Dealer Invoice Report. The report generates the dealer invoice price of the car you want which is usually quite less than the market price. The report also offers various incentives Canadians can utilize to save even more money on their purchase. When it comes to incentives, there are various different types. It’s important to have strong knowledge of the various incentives to see whether or not you qualify for the savings they offer.

 

Financing Incentives

The most popular method of purchasing a car is financing. Financing allows you to pay for the total cost of the vehicle over a selected term. Unlike a lease, when the term is up, you get to keep the vehicle. Many people opt for this method of payment because it offers flexibility and ownership simultaneously. With financing, there is an interest fee which is added to the total cost of the vehicle and distributed throughout the weekly, bi-weekly, or monthly installments. The interest rate depends on one’s credit score.

Financing incentives drive the interest rate down, either for the entire term or for a select portion of it. Many automakers offer 0% financing for the first few months or year. For that length of time, there is no added interest fee to your payments. Other financing incentives offer low-interest rates, typically under 5% for up to 72 months. To qualify for these incentives, you must have good-excellent credit. If your credit is in good standing, it is worth looking into saving on that added interest fee!

 

Pay-In-Full Incentives

When it comes to new car purchases, paying in full is the least utilized method. Paying in full requires an entire lump sum being paid all at once, and if one is able to do so, they can avoid monthly payments and the debt amassed from financing/leasing. When it comes to financing, there is also minimal payment required since there is no need to prove whether or not you can make payments.

Many automakers offer significant savings in the form of incentives for those who choose to purchase a vehicle outright. The savings are typically quite high because the dealer is guaranteed to make a commission off of the sale since payment is made upfront. If you are able to purchase a vehicle in full, make sure you check out what incentives are available for you!

 

Bonus Cash Incentives

These incentives are not as heavily advertised as others, however, they can help select individuals save a good portion of money on their new vehicle purchase. These incentives are typically available for military personnel, students, recent college graduates, employees, or affiliates. They are put in place to help certain niches knock off some cash on their purchase. The Dealer Invoice Report includes bonus cash incentives within. If you qualify, let your dealer know so you can nab the deal.

 

Cash-Back Incentives

These are deemed to be one of the most popular and well-advertised incentives on the market. What do these rebates entail? Automakers offer cash back rebates to the consumer if they purchase their new vehicle by a certain date. Rebates typically fall anywhere between $500-$5000, however, this doesn’t mean you are handed over a huge cheque when you finalize your purchase. The cash back is typically rolled over to your payments and will knock money off throughout the term of your payment, equaling the total amount of the incentive. Similar to financing incentives, these are put in place to lower weekly, bi-weekly, and monthly costs.

When it comes to purchasing a new vehicle, there is a surplus of incentives on the market. Some are made obvious by the automaker and/or dealer and some require a little more research to come across. The Dealer Invoice Report comprises incentives relative to the dealer, automaker, or your own situation to make the process of saving money that much easier. Cashing in on these incentives is worthwhile if you are looking to save money on your new vehicle!

 

Looking for even more ways to save money on your next new vehicle purchase? Get your FREE Dealer Invoice Report and discover all the savings available for you!

Is a New Car in Your Budget? Here’s How You Can Determine Just That!

We all imagine driving around is a super fancy car without a care in the world. However, for most of us, there are bills that need to be paid and budgets that need to be adhered to. While you may be able to afford the supercar you want, it’s important to make sure it doesn’t consume a massive portion of your entire income. Breaking down your current financial state and the cost of the vehicle you want will help you determine if it is a plausible purchase. Affordability is a huge proponent in knowing how to buy a new car in Canada.

 

Determine whether or not you actually NEED a new car

Is your current car running perfectly fine? Are you just looking for a cool new upgrade? Is public transportation readily available for your daily commutes? If you answered yes to any of these, you may need to consider whether or not you NEED a new car or you simply WANT a new car. We all want the newest things that come to market, but there is a huge difference between wanting and needing. If there is no need for a new vehicle right at this moment, it may be best to hold off. There is no point in adding extra debt or a massive cost when there is no requirement to do so. If your desire for a new vehicle is burning, looking for ways to save money on your purchase, such as a Dealer Invoice Report, can help justify your purchase and shrink the overall cost.

 

Break down your current monthly costs and income

If you are looking to finance or lease, it’s important to know whether or not there is wiggle room for extra monthly payments. Car payments typically last anywhere from 2-7 years, ergo, you have to ensure you can be financially committed for a lengthy period of time. Before diving into a new financial commitment, assess your current situation in regards to other monthly payments and your overall income. If the cost of leasing/financing come well over your income or if you have JUST enough wiggle room, consider a more cost-efficient vehicle or holding off altogether. The last thing you want is to have no financial freedom for years on end.

 

Your current credit score

If you are planning on purchasing your vehicle outright, you don’t have to worry about your credit score when it comes to the purchase. If you are financing or leasing, however, your credit plays a critical role in determining if you can purchase a vehicle and the monthly costs associated with it. Your credit score will help the lender determine your ability to pay back any loans. If your credit history reveals revolving or missed payments that have jeopardized your credit score, the lender may a) deny your loan or b) increase your interest payments. Typical interest payments for those with good standing credit are around 5% or less. The lower your credit score, the higher they become. For example, if your credit score is in the 500-600 range, you can see interest payments upwards of 19-29%.

Added interest costs pertaining to low/no credit can easily add up to an extra couple hundred dollars a month. If your credit score is causing leaders to astronomically increase the interest rates pertaining to the vehicle you wish to purchase, it’s best to hold off and build up your credit in the meantime.

 

Will you be putting down a down payment?

Putting a payment down will decrease the monthly payments of your finance/lease term. The larger the down payment, the lower the monthly costs become. While this will entice people to put down a larger down payment, it’s important to determine just what kind of down payment can realistically be paid. If you have a strict monthly budget but have accumulated some savings for your new vehicle, it may be best to put down a larger monthly payment. On the flip side, if you don’t have as much capital, a smaller down payment can still decrease your monthly payments. It’s also important to note that you can make lump sum payments at any time within your payment term that can decrease monthly payments down the road.

When it comes to purchasing your new vehicle, it’s best to be realistic and choose something that you love that is still within your budget. Our Dealer Invoice Report can help you save thousands on a vehicle purchase and may give you the wiggle room you need to purchase the vehicle of your dreams. Overall, it’s important to assess your current financial state and your ability to afford a new vehicle prior to jumping on such a massive purchase.

 

Found the car of your dreams but looking to cut back on the cost? Get your FREE Dealer Invoice Report today and save big on your next new vehicle purchase!

Ready to Buy Your New Car: Here’s What You Need to Bring to the Dealer!

The research process when it comes to looking for a new vehicle to purchase can be quite lengthy so when the day comes when you are finally ready to make the big purchase, it can be very exciting! Days, weeks, or even months have led you to this point and there is nothing you want more than to get the keys to your new ride and drive off. Of course, this can only be done so if you have all your paperwork and necessary requirements readily available. It’s important to understand what fees are associated with buying a car and what you need to bring with you to the dealer to ensure you can drive away the same day.

Preparing what you need ahead of time can help ensure you don’t miss anything come the day of purchase. There are a few very essential items/documents you need to bring with you in order to complete your vehicle purchase.

 

Driver’s license: This may seem like a given, but you would be surprised how many people forget it. When purchasing a new vehicle, many people find alternative ways to get to the dealership; Uber, public transportation, ride-sharing, etc. Because of this, some forget to bring their license with them. Your driver’s license is important for confirming and verifying your identity when purchasing your vehicle. If you plan on driving your car off the lot, the dealership will not allow you to do so without a proper license on you. If you forget it and plan on driving your new ride home, you will either have to arrange for another day, arrange for vehicle delivery, or get someone to come pick it up for you.

Proof of Insurance: Just like a driver’s license, you cannot legally operate a vehicle without insurance in Canada. Dealers need to see proof that you have taken out a policy on the new vehicle before allowing you to drive it off of the lot. If you have recently purchased a policy and don’t have the slip yet, providing a printed copy will suffice. Without proof of insurance, you will not be allowed to drive your new car off the lot.

Employment/Credit Information: Typically, dealers will run a credit report for you, however, it’s good to have a report handy with you as well as your credit card. Some dealers may require employment information if they need to verify you can, in fact, pay for the vehicle. If any issues arise with your credit information or you don’t have the required back up information, this may delay the entire car buying process.

Form of payment: Whether you are purchasing your vehicle outright, leasing, or financing, you need to bring some form of payment. If you are purchasing outright, you need to present either a cheque, bank card or credit card that will cover the entire cost. When it comes to financing/leasing, payment is required for your down payment. If you are not putting a down payment down, it is still vital to bring your payment method. This is so the dealer can register the monthly payments to either your bank or credit card. Without this, they will not be able to bill you for your payments monthly, ergo, they will not let you drive off the lot until they are 100% they have a method of taking payments from you.

Dealer Invoice Report: Our Dealer Invoice Report can save you thousands on your new vehicle purchase and many dealers gladly accept the report. Ensure you have it printed out or have a digital copy readily available to show to the dealer. The report can help you knock off some serious dollars on your whole purchase or finance/lease payments. If you do forget it, you could be foregoing a plethora of savings.

 

What fees are associated with buying a new car?

There are a few required fees you must pay before completing your vehicle purchase. It’s imperative that you are aware of these fees so you are not hit with any surprises at the dealership.

 

New plate costs: A front and back plate are legally required when operating a vehicle. These need to be paid for prior to purchasing your vehicle so the dealership can ensure your vehicle is legally fit for the road. If you have a previous vehicle and you want to take the plates off and transfer to your new vehicle, you can do so and the dealer will waive this fee. If you want entirely new plates, however, you will have to purchase them at an extra cost of $60-120 depending on your place of residence (prices will differ for personalized plates and commercial vehicles).

Delivery fees: If you plan on having your vehicle delivered to you, it may cost you a little extra. Depending on the distance from the dealership to your home, the dealership may charge you a delivery fee. You can, however, find dealers who waive this fee for you.

Loan payment fees: When financing or leasing a vehicle, you are given an exact amount that will be billed to your credit card/bank weekly, bi-weekly, or monthly. It’s important to keep an eye out on these payments and ensure they match up to what original cost was given to you. If you see the payments that are coming out are slightly higher than initially agreed upon, it may be due to loan payment fees. Some automakers will add this fee on to car buyers monthly payments, usually around $10-$20 extra per month. It’s important to fully read your payment terms and conditions so you are not hit with any unwanted surprises when your payments come out. Not all automakers/dealers will charge a loan payment fee, so it’s essential to research which ones will waive it.

 

Making sure you have all the necessary documents and paperwork ready with you on the day of your purchase can help the process run smoothly and will allow you to drive off with your vehicle the same day. Doing so will also prepare you so you don’t run into any unwanted surprises.

Ready to purchase your new vehicle? Let us help you with the process! Contact us today for your FREE Dealer Invoice Report and drive away in style with some cash in your wallet to spare!

First Time Car Buyer? Here Are Some Rides We Think You’ll Like!

Obtaining your license and buying your first car is a rewarding and memorable experience. It’s a trademark in one’s entrance into adulthood. Purchasing a vehicle is a massive, long-term investment, ergo, it’s important to do your research ahead of time when it comes to which vehicle best suits your needs as a new driver. Whilst most would love to drive a new Lambo off the lot right after getting our licenses, it’s always best to start with something that is cost-efficient and quite frankly, not as fast!

In the market for your first vehicle? Here’s a comparison of the top cars Canada has to offer for new drivers!

 

First off, what do new drivers need to be on the lookout for when purchasing a new vehicle?

Buying your first car as a new driver is a lot different than buying a car years down the road. There are a few more factors you need to consider as a novice driver, including;

  • Insurance rates – if you are under 25 years of age, insurance rates are higher. With no record as well, insurance companies tend to raise prices as a precautionary method.
  • Cost of fuel/charge – if you are working within a budget, it’s important to consider the monthly cost of keeping your vehicle running. Some vehicles require higher levels of octane which can quickly add up to a heftier monthly gas bill.
  • Finance/lease cost – if you are choosing to finance/lease, it’s important to have your credit in good standing, especially if you are within a specific monthly budget. Poor credit or even no credit can be grounds for higher monthly payments due to interest.
  • Cost of maintenance – chances are, as a new driver, you are going to ding up your car quite a few times. Ergo, opting for a vehicle that is cheaper to maintain and with more cost-efficient parts should be highly considered.
  • New or used – used vehicles typically have a lower upfront cost, however, they may require more maintenance down the road. It’s important to navigate the pros and cons when it comes to new/used vehicles.

Here are a few great options to consider when shopping for your first vehicle:

 

2019 Toyota Corolla

With the standard base model starting just under $20,000, the 2019 Toyota Corolla makes a great starter vehicle for new drivers. The 2019 models come equipt with a plethora of safety features including; lane departure warning, steering assist, automatic high beam lights, back-up camera, and collision detection. The array of safety features can put new drivers at easy when it comes to hitting the road solo for the first time. Although the 2019 Corolla isn’t built for speed, with a 1.8-L 4-cylinder engine, this could be good news for new drivers in order to help them avoid stepping on the gas and potentially landing themselves in a ticket hotspot.

The 2019 Toyota Corolla is a good option: for new drivers fixated on the safety of the vehicle over everything else

Opt for another vehicle if: you are looking for something with a little more pizzazz when it comes to the engine and driving performance

 

2019 Honda Civic

Perhaps the sporty version of the Toyota Corolla, the 2019 Honda Civic has a surfeit of features that will surely attract the attention of new drivers. The 2019 Civic comes in a variety of engine options which is great for those who either want something calmer or for those looking for a sporty feel when driving. What has made the Honda Civic one of the most popular vehicles on the road time and time again is it’s superb fuel economy, boasting 40 kpg in the City and 58 kpg on the highway. The interior is simplistic and new drivers won’t find themselves overwhelmed with a ton of gadgets.

The 2019 Honda Civic is a good option if: fuel-efficiency is a “make it or break it” in your car buying experience

Opt for another vehicle if: you don’t want something so ubiquitous

 

2019 Volkswagen Jetta

Looking for something that will stand out more than the Civic of the Corolla, the 2019 Volkswagen Jetta might just do the trick. The best part about the Jetta? It’s stable handling. Its suspension makes for better handling when navigating turns or simply cruising around the city. Like The Corolla, the 2019 Jetta starts just under $20,000 making it a more affordable option for first car buyers. If you want a car with a clean and crisp interior, the Jetta has it, with a modern infotainment system, digital cockpit display, and a Beats audio system. A luxurious vehicle with an economical price tag.

The 2019 Volkswagen Jetta is a good option if: you are all about that crisp, sleek interior

Opt for another vehicle if: you want an AWD-vehicle; the 2019 Jetta is strictly a FWD vehicle.

 

2019 Mazda CX-3

There’s no denying that SUVs can be costly. Larger tanks mean more fuel needed to fill up. SUVs are typically seen as the best of the best, especially in the snowy Canadian winters. If you’re looking for an SUV, but don’t want to pay SUV prices, consider a compact SUV such as the 2019 Mazda CX-3. The CX-3 handles and performs like an SUV, even in the harshest of weather without the addition of a massive tank. The i-ACTIV AWD system makes driving in poor conditions less stressful and can actually detect poor conditions to prepare you ahead of time. The exterior gives off a sporty-vibe and the compact SUV even comes equipt with sports mode for a more thrilling ride. Another perk? They 2019 Mazda CX-3 starts at just over $21,000 – a reasonable price for all you get!

The 2019 Mazda CX-3 is a good option if: you are in the market for an SUV that doesn’t cost an arm and a leg

Opt for another option if: you plan to have many passengers as the legroom in the backseats is limited

 

2019 Hyundai Ioniq

This vehicle is completely different than any on this list. How so? It’s fully electric! For the earth-conscious new drivers looking to skip out on paying at the pump, this one is for you. The Hyundai Ioniq base model offers around 200 km on a single charge, making it a great ride for occasional and city drivers alike. The Ioniq is also available in a Hybrid option if you are looking to get a little bit more out of it. Charging is significantly cheaper than filling up at the pump and there tend to be rebates available when it comes to electric/hybrid vehicles. The 2019 Hyundai Ioniq lineup starts at just over $32,000, making it cheaper than most of its competitors.

The 2019 Hyundai Ioniq os a good option if: you want a fuel-free vehicle that will help save the earth and your wallet

Opt for another option if: you plan on taking long road trips frequently; although the range is quite good, charging takes a lot longer than just filling up, making pit stops last quite a bit

 

Buying your first vehicle is exciting and although you may want to dive into the first one you come across, it’s important to do your research to ensure you are getting the best car for your needs. Of course, we love helping people drive away in their desired ride – our Dealer Invoice Report can help you save even more money on your first vehicle.

Looking to get into your first ride AND save some of your hard-earned money on the purchase? Contact us today to get your FREE Dealer Invoice Report!

Why Don’t Young People Buy New Cars?

A common misconception is that millennials (people born between 1982 and 2000) are ruining all industries – especially the car industry. Back in the 1970’s and 1980’s, young people looked at a car as a right of passage, and it was something that they didn’t think they just wanted, but something that they needed. Today, young people (mostly in their 20’s) drive 20% less than their parents did. But why? The main reason is that cars are expensive, and young people look at it as more of a luxury than a necessity. Millennials also have different values and mindsets than baby boomers do. It isn’t necessarily true that millennials are not buying cars, they just aren’t buying as many NEW cars. More than 80% of millennials said that they plan on purchasing a car within the next two years, so it is not like they do not want cars. A lot of young people are also in the market to buy used vehicles as they are less expensive. Many young people also have an interest in leasing vehicles as it can potentially have a shorter term than if you were to purchase a car.

The average millennial income is just over $44,000 a year, which means that they would have to spend around a quarter of their income to own a car.

What Millennials Make

On average, it costs around $8,000 to $13,000 a year to own a vehicle, and the average income for a millennial is $44,093 according to Statistics Canada (which is on the higher end of the wage spectrum). A lot of young people are still working minimum wage jobs, which before taxes only makes them about $30,000 to $35,000 a year, depending on how many hours they work. On the higher end, millennials would have to spend about a quarter of their income to have a vehicle, and on the lower end would have to spend almost half of their yearly income to afford to have a car. This also doesn’t take into account the amount it costs to buy gas, have insurance and get regular maintenance. 

Millennials are very interested in sustainability and preserving the environment, which is why EVs would be more attractive to them.

Millennial Values

Values that young people have today are so different than the values of generations before them. Millennials are tech savvy, and are very much concerned with the environment. Fortunately, automotive manufacturers are noticing these trends, and have taken it as an opportunity to market themselves better to this younger generation. Things like infotainment systems, back up and lane changing assistance were something that you only found in the more luxury vehicles ten years ago. Now, almost every new vehicle on the market has advanced technology in them, which is something that young people appreciate. Another big concern is that cars can be gas guzzlers, which is not good for the environment. Millennials are aware of the amount of fuel emissions that gas powered vehicles produce, and this is something that is a big concern for them. Manufacturers are aggressively moving towards having more and more electric vehicles on their line ups, and this is something that they hope will be very attractive to young people.

The Hyundai Ioniq is a great EV that is priced on the lower end of the $30,000’s.

How Can Millennials Save Money on a New Car?

So many young people are unaware about the services that are available that can help them save on a new vehicle purchase. CarCostCanada™ is an amazing online tool that has helped thousands of Canadians when purchasing a new car. This service will also give them the power to negotiate a price on a car, and since most millennials are first time car buyers, this will give them ease of mind when they walk into a dealership and they can feel less intimidated when they go to look at new vehicles. Consumers can also use this tool if they are interested in leasing a vehicle. Although millennials have benefited from increased wages over the years, wages have not kept up with inflated living and quality of life expenses. Millennials need whatever they can to save as much money as possible when buying a car. Also, with the attractiveness of electric vehicles to young people, they would benefit greatly from CarCostCanada™’s service. Electric vehicles can be very expensive, and if a young person could save thousands on a new EV, this may make them more inclined to buy one.

It is important that the car industry does not alienate themselves from an entire generation. Instead of blaming millennials for ruining an industry all together, it is important for companies in the automotive industry to market themselves better to this generation. It is not that millennials are not interested in buying a car, it is that they have a different mindset than baby boomers, or gen xers do. 

If you are interested in purchasing a new vehicle without breaking the bank, check out CarCostCanada™. We offer dealer invoice price reports that could save you thousands on a new vehicle, and will give you the power to negotiate when you walk into a dealership. Call us or visit our website for more information on how this online service works. 

Article By: McKenzie Dolan

Gear Up for Summer 2019 with These Fire Rides!

As Canadians, we know what it feels like when it’s “the time of the year” with the sun in its full form and winning over those endless months of snow! Not to forget, this is the best time for all car enthusiasts to get rolling and show off your prized possessions on the road.

While summer is the best time to share and enjoy the aesthetic beauty of the car you invested in, it’s important to still consider the other factors surrounding a vehicle including safety, performance, and efficiency. To make you the best recommendation, we outlined some of the new car deals in Canada that can surely be your best bet this year.

Check out the popular cars for summer 2019:

 

Hyundai Veloster N

Termed as the hotter version of the original Veloster hatchback, this car is the performance car to set your eyes on this summer. Priced at $34,999, this one comes with a 2.0L turbocharged engine tunes with the exhausts to allow crackling on overrun.

New front and rear fascia, grille, that killer LED look, interior designed for the sports fans, customized technology for automation and an exhilarating performance makes it one of the coolest hatchbacks to look out this season. Amongst all hatchbacks, this deal is worth chasing for!

 

2019 Subaru Ascent

The family-sized SUV for all your summer adventures is right here. The 2019 Ascent comes with a spacious interior and offering seating for up to 8 passengers. It is a complete package of convenience, sport, safety and robust performance experiences. The engine is powered by a 2.4L turbocharged boxer four connected with the all-wheel drive to improve response times and performance.

Coming in Touring, Convenience, and Limited models this summer, this is Subaru’s largest vehicle till date with pricing starting from $35,995.  Needless to say, this car is envisioned and engineered for comfort for not only you, but also your family. If you are planning for a summer getaway, this is the car you must own.

 

2019 Ford Mustang Bullitt

Wondering what’s missing in the list? Yes, the spicy hot audacious Ford Mustang Bullitt series is back this year. If you are planning to hit the road with that brash and hard-to-ignore-sound that turns all heads around, this is your deal. This car is basically an auditory reminder for summer lovers and powered by the V8-powered GT with a price tag starting from $46,595.

There are driving modes for all your moods: from normal to comfort to sport to track driving. Interestingly, it comes with launch control and drag-strip setting to add to the thrill and one heck of a riding experience. You can customize and mix-match any of these modes in this limited edition ride by Ford that is worth the experience for all the Mustang fans out there.

 

Mazda MX-5

With its exemplary mechanics, this Mazda cult make is back yet again with an extra 20 hp engine for better performance. Mazda entitles this one as the world’s best selling roadster and without a doubt, the MX-5 has so far been the bang for the buck ride with all the exciting new design and safety features it comes with. Along with the advanced blind spot monitoring and rear cross traffic alert, it also includes the smart city brake support and a rear view cam like never before. And you get a cherry on the top. Literally – yes. Its convertible model comes with a choice of black cherry or brown top.

 

BMW M2

A list without BMW is unfinished business. The BMW M2 amalgamates everything that BMW lovers look for. It comes with an engine upgrade – turbocharged inline-six engine, tougher suspension, stick-shift transmission, new colors, powerful braking system and much more! This powerful roadster reassures you that BMW is a beast when it comes to building an ultimate driving machine! It is definitely one of the best sports cars under $100,000 we bet you want to flaunt this summer!

 

2020 Audi R8 Coupe/Roadster

Spectacular – inside out. That’s what the new Audi R8 is. With the gorgeous exterior and classy interiors, this one is eye candy for the Canadian roads this summer. Would you imagine Audi breaking the long known notion of building a sports car instead of their family and luxury cars? They have surely done a great job with this high performing beauty running up to 602 hp and promising a 0-100km/hr in just 3.3 seconds. The exclusive Michelin Pilot Sport Cup 2 tires add to the sporty look of the car. Audi does a great job continuing the legacy of R8 yet again.

 

2019 Porsche 911 GT3 RS

With the endless range of variants in the Porsche 911 range, the GT3 RS is arguably the most eye-catchy sports car of all times. With a maximum power of 500 hp, this car is made for the race-track and is a perfect thrill catcher for the Canadian roads raising the 0-100km/h needle in just 3.4s. Its wide body, graphics and design are unbeatable this summer. Heading out for a fun road trip to the countryside? This one ‘s for you!

 

Make the most of this summer with CarCostCanada reports making the decision easier for you with a detailed pricing, comparisons and best dealerships outlined for you.

 

Ditch the Negotiation Process with a Dealer Invoice Report!

Ready to buy a car but don’t know what to buy and where to start? As per Deloitte’s global automotive consumer study, most consumers start researching for a potential car 3 months prior to the purchase. Definitely, car shopping is becoming more of a need than a want for new buyers in the market with only 1 in 3 buyers knowing the vehicle they want to buy. As for Canadians, it is more or less the same. To get new car deals in Canada, consumers end up physically visiting each dealership to first know what they actually need to buy.

Another study by Cox Automotive suggests that more than half of the buyers are concerned about the monthly payments as well as the total price of the vehicle.

Of course, buying a car is not a decision made overnight and the fact that this decision involves a lot of investment in terms of the promise of utility and the price a car comes for, you wouldn’t want to feel disappointed with one. Needless to say, customer satisfaction is a unique selling point in this area of purchase. A simple, hassle-free shopping experience with transparent pricing and specifications is the way to go.

But how to make the shopping experience, worth pursuing in the first place? The answer is – dealer reports. Here’s how dealer reports can save you time and money to make smarter car buying decisions – ones which you won’t regret!

 

Breaks Down The Financials For You

Free dealer reports provide all the information you need for the car you want to buy with the retail price and the best match dealer price for the make and the model you choose. Their accessibility and emphasis on detail make them your one stop shop for all the initial research you need. With all the information about the dealer and retail price comparisons, leasing and finance rates with special and factory rates included, you have better clarity of how much a dealer makes from the sale and how much you can end up saving – transparency at its best!

 

Empowers Your Negotiation Process

With dealer pricing at your disposal even before making the purchase, these reports certainly put you in a better position to negotiate for the car you need. It is probably one of the best ways of staying informed about the vehicle and assessing your best deal options based on the market scenarios. An online report is a very resourceful prerequisite to stay prepared for negotiation with proof in hand.

 

Simplifies Your Dealer Hunt

It’s evident that we all want the best deal/price for every investment we make. Cars are no exception! A car report makes sure that there are no hidden prices or interest rates when it comes to helping you decide the best dealership according to your budget and additional benefits preferred. It also recommends you a great dealer with better incentives to make that job easier for you – a dealer that is trusted and recommended based on car make offerings as well as our previous customer reviews and happy experiences.   

 

Saves You All Those Pointless Visits

With car dealer reports, you can skip the long purchase processing times half of which is spent in negotiation. While dealers strive to make the dealing process shorter, reports are a digital way of accomplishing the same objective by reducing your time spent hopping from door to door at dealerships and the latter spent on bargaining for the price.

 

Establishes Comparable Options

When buying a car, you must keep your options open and choose what best suits your needs. A car report opens up a plethora of options for you to compare from based on your primary vehicle choice. This way you can find similar cars in the category and what each make has to offer.

 

Provides Access To Incentives

With a dealer report, you not only get detailed information about the already known incentives but also the ones that are non-advertised and less known to many. This is not only an add on knowledge but also helps you customize the incentives prior to making a purchase! Most reports also offer the choice of insurance that matches your purchase and will probably be the most beneficial in the long run.

Car-Cost-Canada-Infographic

A report helps you identify risks and opportunities with comparable pricing and benefits to streamline the process of buying a car – making the experience worth it!

With a CarCostCanada dealer invoice report, you get exactly what you want – from the initial research to the final call, every step in the car buying process is made super easy for you digitally. With access to a wide database of national dealerships in Canada, our report is a smart way to save money and time spent in car buying.

Check out what a sample detailed report looks like and request your FREE dealer invoice report to make the most of your next dream car purchase!

Hopes Surge For Tesla Enthusiasts As Electric Vehicle Incentives Become More Prevalent

Ever asked a Tesla owner what it feels like to own one? Being insanely happy and satisfied with their car is what a true Tesla aficionado would say.

To own a brand like Tesla gives some people a sense of thrill and for others is an eco-friendly option coupled with a sense of luxury and accomplishment. Canadians are no different! Tesla as a brand has managed to generate high levels of awareness and consideration amongst Canadian car enthusiasts. And, it is interesting to see how the excitement unravels for electric cars like these in the market with time.

Which brings us to good news for all Tesla fans. Buying electric cars is now going to be cheaper, thanks to the Canadian Government for the decision to boost electric vehicles on the road by covering them under incentive programs. This program includes a range of electric vehicles and not to forget – the Tesla Model 3. If you are eyeing the Model 3 for long and researching the new car deals in Canada, now is the time to invest in one.

 

Why are electric vehicles incentivized in Canada?

The plan to incentivize is a result of the governments’ aim to encourage Canadians to support practical, affordable, and eco-friendly solutions to face the issues associated with climate change effectively. It is an important milestone for the Government to initiate a solution in this direction that will help to reduce the amount of greenhouse gas emissions due to transportation

With this program, consumers will be entitled to a number of buying/leasing incentives depending on the eligible car make. And amongst the list of electric vehicles and plug-in hybrids, Tesla Model 3 is one of them.

 

What does it mean for current and potential Tesla owners?

According to the electric vehicle category, individuals purchasing an EV with a base MSRP under $45,000 will be entitled to receive a $5,000 rebate. Towards this, the following Model 3 configurations qualify for this federal incentive:

  • 2019 Model 3 Standard Range with the qualifying MSRP before centre fees and EV savings: $44,999
  • 2019 Model Standard Range Plus with the qualifying MSRP before centre fees and EV savings: $53,700

These incentives come in addition to the current $8,000 and $5,000 incentives offered in Quebec and British Columbia, respectively.

So, if you are planning to buy an electric car this summer, now is the best time to catch hold of the Tesla Model 3. Not only does it comes with the government-backed benefits now but this in-demand vehicle comes with all the features every Tesla lover would desire with the addition of a lower price tag.

 

How will a Tesla customer receive this incentive?

Such purchase incentives will be exclusively applied at point-of-sale – dealerships or online for one purchased or leased after May 1, 2019. For this, the dealership will be responsible for ensuring that the documentation is in place for you in order to obtain the benefit.

 

What makes Tesla so attractive to buyers?

  • The first and foremost reason why Tesla is the car everyone longs for is due to the embodiment of modern design and aesthetics backed with high technology features that can be updated via a simple software update just like a smartphone.
  • Tesla models have shifted focus to affordability and this will continue over the years to come.
  • They are one of the simplest cars to operate with almost no noise
  • They can reach high speeds in a matter of a few seconds, making them a head-on competitor for most luxury sports cars in the market.

Buying an electronic vehicle, such as a Tesla can be a very tough decision to make. The initial price may sway people, however, it’s an investment you will get your money’s worth from. Finding the right dealer, the best price, and the add-on incentives is essential to the buying process.

 

Car Dealer Invoice Reports: Finding You The Best Tesla Deals

Buying a Tesla is itself an experience worth participating in. To add on to this, a dealer invoice report breaks down the essentials you need to know before opting in for this experience and ensures that it is a memorable one by:

  • Choosing the best deal for you through a granular price comparison between different makes and similar electric vehicles
  • Breaking down the financials and leasing options that will best suit your requirements
  • Providing information related to the advertised as well as non-advertised incentives that you might be eligible for
  • Recommending you a partner Tesla store provider in order to deliver the promise of high quality and maintenance services

 

Get the best buying advice, pricing guidance and know more about the special incentives for your next Tesla Model 3 with a CarCostCanada report.

Canadian Government Offers Incentives for ZEV Purchases

Hyundai Kona
Hyundai debuted it’s new Kona at the 2019 Canadian International Auto Show.

At the end of April, the Government of Canada announced that they will be providing an incentive to consumers for Zero-Emission Vehicles, or ZEVs starting May 1st 2019. With the growing popularity of ZEVs, it is understandable that many people want to reduce fuel emissions and think about the possibility of purchasing an electric vehicle. If you are wondering what classifies a vehicle to be ZEV, it means that the vehicle has to be either: battery-electric, plug-in hybrid electric, or hydrogen fuel cell. Over the years, something like a Tesla seemed unattainable to consumers. Even a model such as the Nissan Leaf is priced at the lower end of the $40,000’s. But, as the growing demand and popularity for ZEVs continue, manufacturers want to sell as many of these vehicles as possible, and it starts with the price of them.

The Government of Canada knows that offering incentives of up to $5000 for a new ZEV, will be attractive to potential customers and in the end, having more ZEVs on the road, reduces fuel emissions and will positively influence the economy.

So, there are two levels of incentives with regards to what the Government of Canada is offering.

  • Battery-electric, hydrogen fuel cell, and longer range plug-in hybrid vehicles are eligible for an incentive of $5,000. (i.e. Chevrolet Volt, Chrysler Pacifica Hybrid, Ford Focus Electric etc.)
  • Shorter range plug-in hybrid electric vehicles are eligible for an incentive of $2,500 (i.e. Audi A3 Sportback e-tron, Ford Fusion Energi, Hyundai Ioniq PHEV etc.)

To view the full list on the Government of Canada’s website, please click here.

Tesla
Tesla still leads the way for electric vehicles. But other brands are starting to catch up.

This government offered incentive is a step in the right direction as Canada strives to meet its carbon emission reduction targets. As of September 2018, EV sales in Canada reached a high of almost 35,000 sales, up from 19,236 in 2017. (ref. Fleetcarma, 2018). Even though this is a huge jump, EV adoption in Canada continues to trail other industrialized countries around the world. In a country, such as the Netherlands (with a population of about 17 million vs. 37 million in Canada) sales of new electric vehicles are significantly higher. This could be attributed to the fact that their Electric Vehicle market has been supported by the Dutch Government. They offer consumers and businesses incentives to purchase Electric Vehicles. These incentives often resulted in tax savings of several thousand Euros on the purchase of a new electric vehicle. In 2018 alone, there were almost 146,000 EV sales in The Netherlands, and it is expected to grow to 200,000 sales by the year 2020. When the Dutch government first introduced these incentives, they were only available to businesses. However, the government knew that it was important to offer incentives to regular consumers if they wanted to grow the EV market in their country.

Ioniq
The Hyundai Ioniq is another popular electric vehicle that is available in Canada.

Canada seems to be following suit with other countries that are very supportive of the EV market. The great thing about this incentive, which became available May 1st 2019, is that it gives more people the opportunity to purchase a vehicle that was at one point way to expensive for the average consumer. We will just have to wait and see how much the sales will jump in the next few months after the Government of Canada offers this incentive.

Before you leave, please take a moment to participate in our survey on which Electric Vehicles (offered in Canada) that you might be inclined to buy. Click here.

CBC “The National” Story on Electric Vehicle Market in Canada:

Story credit: Eli Oszlak & McKenzie Dolan

Photo credit: McKenzie Dolan