Subaru Ascent vs. Volkswagen Atlas

With spring in full swing, you may be considering a new vehicle for the year. There are many options in the market whether you are looking for a convertible or a family vehicle, which means understanding the benefits of different makes and models will help to narrow your decision down. After choosing your choice of car, you have your choice of financing or leasing, which is where Car Cost Canada comes in. With free dealer reports, you are able to maximize your benefits at lowered costs.

 

One of the top car comparisons today is of these 2 three-row SUVs: Subaru Ascent and the Volkswagen Atlas. Although they are both similar vehicles, they each have their benefits that may resonate with some drivers more than others. Whether you are looking at their road performance or the interior make, there are specifics that may fit your needs better.

 

Keep reading to learn more about the two vehicles, which makes them top SUV options, and what the differences between them are:

 

What are the main differences between the two vehicles?

 

The 2019 Subaru Ascent Touring is known to be a well-damped ride, solid acceleration, with rich leather upholstery whereas the 2019 Volkswagen Atlas V6 is popular for the spacious interior with minimalist designs.

 

They both have a large group of the market, targeting consumers that are looking for bigger vehicles, with the need to transport mass groups of people and items. These vehicles are similar in the sense that both are three-row SUVs, assembled in the U.S. with strong engines. They each have multiple trim levels, within starting prices of one another. However, the Ascent comes with a standard all-wheel drive whereas the Atlas requires the V6 S trim to unlock that feature, pricing itself a little higher. At their top trim levels, both models have an all-wheel-drive equipped with every option, including a panoramic sunroof and tow hitch.

 

On-the-Road Comparison

 

Volkswagen has 276 horsepower and 266 lb-ft of torque, which can propel the Atlas to go at 60 mph within 8 seconds flat. On the flip side, the Ascent has 260 horsepower with a 277 lb-ft torque, allowing it to go at 60 mph within 6.5 seconds, 1.5 seconds faster than the Atlas.

 

The Ascent has had multiple updates and refinements to the vehicle itself and how it operates, and while it does not have a conventional automatic, it is one of the best continuously variable transmissions (CVT) in the market. It does a great job at ensuring the engine is in the thick of the torque curve. The Atlas does have an eight-speed automatic, predisposed to shifting early and often. It is a fuel-saving strategy which is great for the driver and environment but it does create more of a busy driving experience which results in it being a better fit for some drivers than others. The Atlas also has a Sport mode which assists in making that less of a hassle or you can choose to drive in manual mode, allowing you to have the autonomy for what your drive on-the-road feels like.

 

The Ascent scores EPA estimates of 20 mpg in the city, 26 on the highway, and 22 combined. Comparatively, the Atlas estimates about 17, 23, and 19-mpg figures, respectively. Both vehicles are great drives and not harsh rides. The Ascent also has a light and quick off-center steering when frequent corrections are required, which is less desirable for spirited driving. On the other hand, the Atlas reacts to change progressively, which changes the feel of the vehicle, instilling confidence in the driver.

 

The Interior

 

As mentioned previously, the Atlas is known for its spacious interior and minimalistic designs. It features a mild mix of complementary colours whereas the Ascent is styled with several colours from the seats to the dashboard, in a variety of chrome accents. Both are comfortable vehicles with accommodating first seats. Each row is spacious and comfortable after the first seats in the VW, providing an enjoyable ride for passengers.

 

To measure in regards to cargo, each vehicle has different measurements, pending on how the seats are positioned. For the trunk space, maximizing seat use, the Ascent wins with fitting 5 carry-on suitcases whereas the Atlas fits 4. However, with the rows folded down, the Atlas can fit 38 total whereas the Ascent can fit 33.  

 

In Conclusion…

 

Both of these vehicles are great choices whether you are looking for a family car or one that can carry large amounts of cargo. They both have their advantages: the Ascent provides all-wheel drive without upgrading to a certain trim for that feature and there is optimal space without needing to take down seats. On the other hand, the Atlas can fit more cargo when all the seats are brought down and provides a good driving experience for fuel efficiency purposes. Depending on what you are looking for, one may fit better. Thus, you should take a look at your needs, what your vehicle will be used for, and benchmark the better option for yourself.

Whether you are looking at one of these vehicles or have your eye on another one, take advantage of Car Cost Canada’s free reports so that you can get the best purchase price going forward. Maximize your opportunity and lower your costs. Contact our team today for more information on how you can leverage a dealer report to your advantage.

The Shift to Electric: All The Latest Fuel-Free Rides!

As we move towards a more environmentally-friendly and carbon footprint conscious world, electric vehicles have become increasingly popular. They are just as versatile and capable as your average car but they come with benefits that help the environment. At the end of the day, our planet is here to stay but we have to do our part to assist in that cycle, and that starts with small lifestyle changes such as considering an electric vehicle for your next car purchase.

 

Car manufacturers nowadays are taking into consideration these factors and creating lines of electric cars to adapt to the trend. Even regular models and makes of cars have new additions that make their drive less damaging to the environment, such as eco-drive and eco-temperature options. Various car companies have offered these options, allowing consumers to pick and choose based on their niche needs. To understand the different options, we have created this car comparison for you to see the similarities and differences between vehicles so that you can choose the best option for you.

 

Affordable Electric Cars

 

Starting off with the affordable spectrum of the industry, these vehicles are ones that provide the usability and features that you expect to see along with a couple of unique factors that give it the wow factor at a low cost. The range of some of these vehicles is comparable to luxury models without the hefty price tag.

 

2019 Hyundai Kona Electric

 

This vehicle is brand new for this year and has already taken the electric vehicle industry by storm. It is a comparable vehicle to high-priced luxury models, with quality interior, rapid acceleration, and a competitive EV range of 258 miles. It comes with an SAE combo charger (for all trims) allowing the DC voltage to go directly into the large battery. It also has adjustable regenerative braking, amongst other quality features. The Kona Electric pricing starts at $37,496.

 

2019 Chevrolet Bolt EV

 

Prior to the Kona Electric, this vehicle was the only non-Tesla car to offer electric driving range around 250 miles. The company has experience working in this industry so they have advantages when it comes to effective features and long-term durability. Overall, this vehicle has an exceptional range of 238 miles and performance for its price. The Chevrolet Bolt EV starts at $37,495.

 

2019 Nissan Leaf

 

The Nissan Leaf is an exceptional choice, having been resigned last year. Significant improvements have been made to improve the vehicle. It has become quieter, more comfortable, and more rewarding a vehicle to drive. It is also a top contender as it offers plenty of range for any commute. The initial trim has an EV range of 150 miles but the Leaf Plus variant cranks that up to 226 miles. Pending on your needs and duration of your everyday drive, you have the option to upgrade to tailor to that. The starting price for the Nissan Leaf is $30, 885.

 

2019 Hyundai Ioniq Electric

 

Compared to other electric vehicles in the same area in the industry, the Ioniq Electric offers all the user-friendly tech to navigate the vehicle at a lower price. It is one of the most efficient electric drivetrains on the market as the EPA’s miles per gallon shows that it uses its charge well so that you can pay less to keep the vehicle charged. The EV range is lower, at 124 miles, but it continues to offer many benefits at an appealing price of $31, 235.

 

Luxury Electric Vehicles

 

Moving towards the luxurious side of the electric car industry, these vehicles are catered towards those that want a nice looking car with all the features needed for their convenience. At a higher price, they do offer more variations and choices for the consumer. Their differences compared to the affordable options can be shown below.

 

2019 Tesla Model S

 

Perhaps the most talked about and well sought after vehicle is the Tesla Model S. It is the classic offering of the company as it presents a roomy and attractive interior with incredible driving dynamics and an EV range of 335 miles. Although it is one of the oldest Tesla models in production, it stays as a favourite classic for many. If you are looking for an electric vehicle option with the Tesla badge, the S is the best of them all. It starts at a high price point of $86,200.

 

2019 BMW i3

 

The BMW i3 may not have the highest range but it offers a gas-powered range extender which provides peace of mind to those that are anxious about the EV range. Just like other BMW models and makes, this has one of the best interiors. The stylish aesthetic combined with the modern theme makes it an appealing option while maintaining a user-friendly surface. If you are looking for a sporty electric option, this is one of the best options, starting at $45, 445.

 

Benefits of having an Electric Vehicle

 

An electric car allows you to save money as electricity is cheaper than gas. Over the lifetime of the vehicle, you will be able to feel the significant change. If you have a charging station, it is simple to plug in and get your vehicle charged as you are running errands or completing your work. Electric cars also have less moving parts, thus there are fewer opportunities for internal issues of your vehicle, minimizing overall maintenance costs. Lastly, there are tax incentives available for electric vehicle owners which can be helpful with the initial expenses of the car.

 

Choosing the Electric Vehicle for You

 

The main factors are looking at when and where you would be able to charge as well as how long the drive is to get to another charging station. Alongside that, knowing the duration of your normal everyday drives will help you identify whether you need a vehicle with a longer EV range or not. Taking these factors into consideration will help you narrow down your choices. If you are debating between a luxury and affordable model, that is usually up to preference. Luxury models will always have more features to choose from alongside multiple benefits as opposed to the one or two unique factors of an affordable electric vehicle. Find out what your priorities are and compare them to each of these vehicles to make your final decision.

 

If you are looking to purchase a new electric vehicle, getting a car dealer’s report will help you negotiate a better price so that you can save before you even start driving. Contact our team to learn more about the process and how you can benefit.

Sedan, SUV, Coupe? How Do I Know What Car is Ideal for ME?

It’s easy to go down a rabbit hole when looking for a new vehicle. You start off your search with a specific make in mind and end up looking at something completely different by the end of it. For some, they have an exact vehicle in mind that they have already settled for and for others, they have a general idea but are still exploring the vast sea of vehicle options available out there. It’s important to find a car that best suits your needs and wants as typically, vehicles are something most people keep for a significant amount of time and utilize frequently.

 

Unsure about what vehicle best suits your needs? Here is a car comparison guide for you to help you find the ride that will go hand-in-hand with your lifestyle!

 

First of all, what are some popular features Canadians are looking for in a new vehicle?

 

It’s no shock that vehicles have evolved substantially in the years and with that being said, the options are superfluous. Most new vehicles come with a wide array of safety, functionality, and aesthetic features that can up your driving game. Common features a plethora of Canadians look for when in the market for a new vehicle are;

 

  • Added safety features – blind spot detection, lane departure warning, brake assist, etc
  • Functionality features – heated seats/steering, park assist, back-up camera, navigation, etc
  • Infotainment system
  • Aesthetic appeal
  • Seating – if you carry passengers frequently, options that provide comfort for both you and your passengers are a win

 

When deciding on a vehicle, there is a huge factor that many consider prior to anything else – body style. Before diving into the interior or added features, many first choose the type of vehicle they would like; sedan, SUV, coupe, hatchback, etc. Each vehicle body type has different benefits and suits various needs. With that being said, which vehicle type best suits your individual needs?

 

Step Into A Sedan

 

Sedans make up a substantial portion of the market, so much so, when people hear the word car, most think of a sedan. A majority of vehicle makers have sedan models available ,as their traditional look bodes well with consumers. Aside from aesthetic appeal, sedans boast a number of other features that may play to your interests. In regards to fuel economy, a number of sedan models contain some of the best on the market with an array of economical options that won’t cost an arm and a leg at the pump.

Most sedans follow similar dimensions; lower than SUVs meaning more headroom for taller drivers, and a decent amount of trunk space. Sedans are a great option for the everyday traveler or city-traveler. When compared to SUVs, they do not possess the same space, hence, why they are a highly considerable option for those who are not constantly moving significant cargo. If you are looking for a model you can drive day-in and day-out without breaking the bank, sedans are a great option to go with.

 

Scope Out An SUV

 

Alongside sedans, SUVs (sports utility vehicles) are one of the most popular makes among consumers. SUVs are very prevalent in Canada, as the increase in size and capabilities in bad weather make for a safer ride in the eyes of the driver. Although SUVs may cost more to fill up at the pump, the plethora of benefits may override that. SUVs have more cargo space which is great for families and/or those who carry a large amount of cargo (i.e., hockey bags, equipment) on a consistent basis. Most SUVs now come in AWD and 4×4 options, making them a great vehicle for all seasons and all types of weather. It doesn’t just stop at SUVs however, there are various styles that have the same features as regular SUVs in their own unique way including;

 

  • Crossovers: Unlike regular SUVs which are built on the same platform as a truck, a crossover is based on a car’s design which means body and frame are built as one combined piece.
  • Compact/Subcompact SUVs: these contain the same features of a regular SUV under a smaller roof. Their size typically falls between a hatchback and an SUV. If you are looking for an SUV, but don’t want something too big, consider a compact/subcompact SUV
  • Full-size SUV: opposite of compact/subcompact SUVs, full-size SUVs boast the most space in their class.

 

Coast In A Coupe or Convertible

 

Whilst some focus solely on the functionality of a vehicle, others simply want to ride in style. Coupes and convertibles are a great option for those who don’t need a lot of space but are looking for something more sporty.

 

Coupes are two-door vehicles with a sporty style. Whilst coupes are two-door vehicles, most do have seating in the back, however, they aren’t the most spacious. Compared to convertibles, coupes are lighter and are branded with hard-top as opposed to a soft-top. Coupes fall in between the lines of a sedan and a convertible; offering a fun, sporty feel whilst still encompassing traits of a sedan. Coupes are a viable option if you tend to drive alone or with one other person, are looking for a sporty-vehicle, and you don’t carry passengers or significant cargo frequently.

 

Convertibles are two-door vehicles that take the sporty vibe to the next level. The main difference between a coupe and a convertible is the roof. Coupes possess a hard top whereas convertibles possess a soft top that can be fully taken down. Albeit, convertibles aren’t exactly the poster car for wet or snowy months, they are great for those hot summer days where opening a window just doesn’t seem like enough. Convertibles are a great option if you are looking for a separate ride for the hot months and want to truly engulf yourself in the beauty of summer!

 

Hop Into A Hatchback

 

Think smaller vehicles means less cargo space? Think again! Don’t let the small exterior of a hatchback fool you, they are extremely spacious on the inside. Most hatchbacks have more cargo space when compared to sedans, which isn’t obvious at first glance. They also offer a slightly higher roofline than sedans, meaning more headroom for passengers. But what’s the benefit of the small exterior? If you live in a big city such as Toronto or Montreal, you know parking can be sparse and you are often left trying to park your vehicle in a spot that proves way too small. Hatchbacks are great for congested cities as their small exterior makes it easier to navigate through highly saturated streets and fit into even the tightest of parking spots.

 

Pick up a Pickup

 

Looking for something that is as durable as durable gets? Opt for a pick-up truck! These vehicles are made to handle the toughest of elements – whether you are driving along snow snow-blanketed streets or off-roading on dirt trails. Of course, cargo is a main plus for pickups as they possess a huge bed in the back solely dedicated to carrying cargo that wouldn’t fit in any other type of vehicle such as; heavy construction materials, furniture, and even ATVs! Pickup trucks are best suited for those who don’t carry passengers frequently but do carry heavy or large cargo on a consistent basis.

 

Live In Luxury

 

We can’t lie, riding around in a car dripping in luxury is a great feeling. Although luxury cars are not as popular as other makes, they are still adored by consumers. The major drawback of luxury vehicles is evident in the title alone; the more luxurious, the higher the cost. Albeit, the cost is backed up by the quality of these vehicles. Everything down to the stitching in the seats is carefully articulated when it comes to luxury vehicles. Similar to SUVs, there are various sub-bodies of luxury vehicles; entry-level, mid-size, and full-size luxury vehicles are all readily available on the market. If your main selling point is style, a luxury vehicle will NOT disappoint!

 

Evolving Into Electric

 

Although not so prevalent just a few years back, electric vehicles have been taking the car world by storm! Many car makers have adapted to electric, creating hybrid and fully electric models. Electric vehicles are available in many styles including sedan, SUV, luxury, and roadster (still in the works). These are copious benefits when it comes to owning an electric vehicle. The obvious being, you are doing good for the environment as electric vehicles rely on batteries, not fuel. The cost of charging is also significantly less than filling up at the pump, meaning going electric can not only be a saving factor in the environment but your wallet as well!

 

Once you are decided on a vehicle body-type that best suits your needs, you can then dig further into all the other features and functionalities you desire in your new vehicle. The body-type you choose makes a significant difference when it comes to your own individual driving experience.

 

Have your next new vehicle already mapped out? We can save you thousands on your purchase! Contact us today and save big!

Out With The Old, In With The New: How Buying a NEW Vehicle Can Benefit You!

“Should I buy new or used?”

 

The age-old question when it comes to purchasing a vehicle. While there is no right or wrong answer as it comes down to every individual’s unique situation and needs, a vehicle is one of the largest assets one purchases, ergo, vast research is required prior to setting your heart on a car. While used vehicles boast lower initial costs, new vehicles come with various benefits that can actually save you money in the long run. Whether you are in the market for your very first car or looking to ditch your current vehicle for something new, buying a new vehicle can benefit you in more ways than one.  Although new vehicles are more expensive initially, they provide a great payoff for your driving needs and with our Dealer Invoice Report, you can save big on the cost of a brand new vehicle!

With that being said, what are the perks of buying a brand new vehicle?

 

No hidden issues, all new parts

 

When purchasing a new vehicle, you are the first owner meaning that no wear and tear has been done to the interior or exterior of the vehicle prior to you driving it. All the parts are brand new and thoroughly inspected by the manufacturer and the dealer, in sum, what you see is exactly what you get. Whilst most used vehicles pass safety standards and are in relatively good condition, there can be hidden issues that a previous driver didn’t disclose which could lead to issues soon down the road.

 

Being the first driver of a vehicle gives you peace of mind knowing that there are no hidden issues in regards to the performance and quality of the vehicle and all of its parts.

 

More bang for your buck?

 

When comparing new vehicles to used vehicles, it’s appropriate to assume that purchasing a used vehicle is the cheaper route, however, that is not the case in every situation. Piggybacking on the aforementioned point, new vehicles = new parts which means that the chances of issues arising are less than that of a vehicle with older, used parts. How does that translate to fewer costs? Simple – fewer trips to the mechanics.

 

Another way a new vehicle can actually incur fewer costs over time is in relevance to fuel economy. Over time, a vehicles fuel economy will decrease. You may notice that after a few years, your tank isn’t getting you quite as far as it used to. With that being said, a new vehicle will boast it’s optimal fuel economy, whereas a used vehicle may have dropped a few percentiles from its initial fuel abilities.

 

Still on the topic of costs, insurance is another key component to note and an extremely important one as everyone is required, by law, to possess auto insurance. Your insurance costs are contingent on a number of factors including; age, location, license class, current safety of vehicle model, and driver/accident history. A vehicle that has been involved in a motor vehicle accident previously may impact your premiums if you plan on purchasing it, regardless of the fact that the accident had no correlation to you. As the first owner of a new vehicle, you can rightly assume that there were no prior accidents that could cause your monthly rates to soar!

 

Out with the old, in with the new

 

There comes a time where we may have to make a decision to part ways with our beloved vehicle and while the thought of purchasing a new vehicle thereafter is exciting, there is one thing you have to deal with first – the old car. Whilst some keep their current vehicles, utilizing them as certain season vehicles or perhaps handing them down to a relative, others want to allocate funds from said vehicle towards the purchase of a new vehicle. It’s no secret that vehicles depreciate over time, even those that are well-maintained. With that being said, it’s important to keep in mind how long you plan on having your vehicle. If you purchase a 2019 vehicle and plan to sell it in 5 years, you will get a significantly higher offer or trade-in value than that of a car 5 years it’s senior. Whilst most people aren’t thinking about their next vehicle while in the process of purchasing a new vehicle, it’s important to keep in mind the value of the vehicle down the road, should you want to sell or trade-in.

 

Features, features, features

 

Infotainment system, back-up camera, heated seats, heated steering, navigation, park assist, lane departure warning – the list of features available in new vehicles goes on and on! Albeit, these features come down to personal preference; some prefer a simpler vehicle whilst others want all the features included. Most new vehicles come equipt with an array of features, even the base models. These features are included in the cost of the vehicle.

 

Whilst there are older vehicles that have some of the aforementioned features, such as heated seats, they typically do not possess the more technically advanced features. Should you purchase a used vehicle and decide down the road you do want these features, adding them on can be costly! If you want a vehicle loaded with features, a new car is the best route to take.

 

Choosing between a new or used vehicle comes down to the factors listed and personal preference/needs. Although new vehicles boast a plethora of benefits in a majority of situations, used cars can be a great option if;

 

  • You are a first-time driver, not 100% confident in your driving abilities
  • You are looking for a classic/specific model/make
  • You are looking to heavily modify the vehicle (a fixer-upper)

 

It’s important to do a good level of research prior to making a purchase to ensure you get the right vehicle for your individual needs.

 

Ready to get behind the wheel of a brand new vehicle? Contact us today and we will help you save thousands on your new ride!

Lease? Finance? Buy Outright? What’s the Best Way for ME to Buy a Car?

A vehicle is one of the largest purchases one makes, ergo, a significant amount of research should go into every aspect. From the make/model you have your heart set on to interior features to the total price of the vehicle; there are many factors that contribute to building, pricing, and purchasing the best vehicle for your needs. Because vehicles are a large investment, dealers, and banks alike, offer various payment options to suit your lifestyle. Leasing, financing, or purchasing a vehicle outright are the methods offered by the dealers when it comes to payment. Figuring out how you want to proceed with pricing will help you get that much further in purchasing your desired vehicle. Our Dealer Invoice Report can also help you ensure that, no matter what payment method you choose, you are getting the best deal on a new vehicle that Canada has to offer!

 

What are the differences between leasing, financing, and purchasing a vehicle outright?

 

All of these methods vary significantly to help suit the needs of as many individuals as possible. The key differences pertain to ownership of the vehicle and term payments.

 

Financing; albeit, the most popular means of paying for a vehicle, financing offers a good level of flexibility. Financing encompasses paying for the total price of the vehicle in denominations over a selected term. By the end of the financing term, you have complete ownership of the vehicle.

 

Leasing; leasing is a popular option for those who like to upgrade their vehicles frequently and aren’t doing copious amounts of driving. Similar to financing, leasing requires weekly, bi-weekly or monthly payments owing to the balance of the total lease. The main difference between financing and leasing is ownership; when leasing, you do not own the vehicle.

 

Buying outright; buying a vehicle outright is not as common as leasing or financing and is typically done when the cost or age of the vehicle does not meet the requirements of leasing/financing (more specifically, used vehicles). Although purchasing a brand new vehicle outright is not done as much as financing or leasing, it is the easiest method of payment as a surfeit of background checks (credit, employment, etc) are usually not required.

 

Is it a good idea to buy a car on finance?

 

As mentioned previously, financing is the most popular method of purchasing a vehicle. Financing a vehicle possesses the best attributes of leasing and buying outright, simultaneously; owning the vehicle whilst being able to pay in smaller sums. If you are planning on keeping your vehicle long-term, do a significant amount of driving, and don’t have the cash to pay in full (or the desire to part with such a hefty amount of money in one shot), financing is a viable option for you. Financing a vehicle also allows for more leeway when adding features to your vehicle. For example, if you wanted to add a sunroof to your vehicle, it could run you anywhere from $500-$2,000, however, when financing, you can discuss adding this feature to your vehicle at the time of purchase and break apart the cost. Instead of paying thousands outright, the cost of the upgrade is spread across your term, ergo, your sunroof will cost you a few extra bucks a month.

 

It’s important to note that financing comes with an interest rate contingent on your credit score, thus, you will be paying more for the vehicle that you would if you were buying outright. If you have excellent credit, expect interest rates to be on the lower, however, if you have poor or no credit, you could be paying upwards of 30%. It’s important to review your score to see what interest rate category you fall into. Our Dealer Invoice Report also aids with financing to help you get the lowest interest rate possible for your individual situation.

 

How does financing work? Financing can be a relatively easy process provided you have all the key information you need. The dealer will show you various payment terms based on the vehicle of your choice; the longer the term, the lower the weekly, bi-weekly, or monthly payments and vice versa. A typical term is 5 years or 60 months, but can be shorter or longer depending on your financial state and the year/make of the vehicle. The dealer will then require your financial information (credit score, credit history, letter of employment) and determine your interest rate based on these factors. Once the term, payments, and interest rates are worked out, you can opt to add any upgrades. When you obtain the vehicle, you are required to make your payments until the term is over, however, at any point, you can contribute money to lessen the term period or monthly payments. Giving a down payment can also lessen the monthly payments.

 

Pros

  • Payment terms and prices are flexible; you can opt for a longer term with cheaper payments or a shorter term with higher payments depending on your preference
  • Allows you to get a higher priced vehicle, if desired, without having to fork out a lump sum of cash
  • Upgrades can be added for low monthly payments

 

Cons

  • You are locked into a contract and failure to pay could lead to the loss of your vehicle
  • Loans typically come from the bank, meaning you are taking on a debt
  • The interest rate is added onto the full cost of the vehicle, depending on your credit score, it could amount to a significant increase in cost

 

Is it a good idea to lease a car?

 

Leasing is not as popular as financing a vehicle, but it does pose a lot of benefits. Similar to financing, leasing requires weekly, bi-weekly, or monthly payment for a fixed term, however, you are not the owner of the vehicle. You will be required to turn over the vehicle at the end of the lease or in some cases, the dealer may offer incentives for purchasing it post-lease. Leasing is a viable option for those who like to upgrade vehicles frequently as you are not fully committed to the vehicle. Most people lease for a 1-3 year period and upgrade thereafter.

 

If you are a city dweller and don’t typically do a lot of driving, leasing is a good option to consider. When leasing a vehicle, you are given a set amount of kilometres per year (extra charges apply should you go over) – if you do a small amount of driving, this shouldn’t be an issue. If there are any problems with the vehicle, they are typically covered by the dealer leasing you the vehicle (restrictions apply).

 

How does leasing work? Just like financing, the dealer works with you to find a term and payment plan based on your financial state and your desired vehicle. The cost is calculated based on the time frame and predictive depreciation of the vehicle; for example, if your lease term is 3 years and the car is expected to depreciate by 30% over the next 3 years, you will be paying for 70% of the vehicles total cost. Once your lease is over, you can opt to lease another vehicle or work with the dealer to purchase the vehicle you have been leasing at a lower cost.

 

Pros

  • You can upgrade your vehicle regularly without having to purchase in full
  • The rates are typically cheaper than those pertaining to financing
  • You don’t have to worry about selling/trading a vehicle when you are done with it

 

Cons

  • You do not own the vehicle, meaning you have to be especially cautious
  • You are given a fixed amount of KMs and if you go over them, the costs are high
  • Most leases aren’t offered past 3 years, meaning you have to commit to upgrading or purchase a vehicle thereafter

 

Is it a good idea to buy a vehicle outright?

 

Purchasing a vehicle outright is the most straightforward and easiest process out of the three, however, the issue with this is evident – if you don’t have the cash, you cannot buy the vehicle. Buying a vehicle outright minimizes the need for extensive paperwork (obtaining employment information, credit history, etc). Because you are not borrowing the money, the dealer is under the assumption that you accept the responsibility for the full payment, thus, credit history and other financial information is not required.

 

Purchasing a vehicle outright allows you to forego interest payments which will save you money in the long run. Our Dealer Invoice Report also contains cash incentives that can lower the price of the vehicle even more. Most dealers will accept our cash incentives with no issues because they are guaranteed to be paid on the sale. If you have the means to pay for a vehicle outright and don’t want to be locked into a debt/contract, consider doing so.

 

How does purchasing a vehicle outright work? This is the simplest of the methods and doesn’t require much. Discuss the model/make of the vehicle you want and bring forth any cash incentives you are eligible for. The dealer will then work out the best possible price, factoring your Dealer Invoice Report, incentives, desired add-ons, warranty, and taxes. Once you sign and make the payment, the vehicle is yours!

 

Pros

  • You are not locked into a contract nor do you acquire a debt
  • You forego the interest rates that come with financing
  • You fully own the vehicle; there is no worry about not being able to make the payments as there are none associated with the physical cost of the vehicle

 

Cons

  • Most new vehicles cost tens of thousands of dollars which can be difficult to pay all at once. You have to ensure you, not only have the funds to pay the full cost but doing so will also not leave you with nothing
  • If you want any add-ons or upgrades, these will have to be paid in full as well, either at the time of purchase thereafter
  • You are responsible for selling or trading the vehicle if/when you decide to do so

 

Deciding how you want to go about paying for your vehicle is contingent on your desire to own, your current financial state and how much you drive. Regardless of whether you want to lease, finance, or purchase outright, our Dealer Invoice Report can help you save thousands on your new vehicle!

 

Have you found the vehicle of your dreams? Contact us today and save big on the car YOU want!

Go the Distance: Get 300,000+ Kilometres With These Impressive 2019 Cars!

You’d agree with us when we say that the automotive industry sees plenty of action every year. With so many new models hitting the market, car enthusiasts aren’t easily impressed. It’s 2019, and the people want, nay, deserve more.

 

Kilometres Matter, Right?

Car comparison in Canada has become trickier and trickier owing to the staggering competition. Earlier, if your car could make it to 160,000 kilometres, it was a worthy opponent. Much has changed. That threshold has risen quite some and drivers now expect their cars to deliver 300,000 kilometres and beyond!

There are a couple of factors that determine how much kilometrage a car affords its driver. Every year, several websites list the most reliable cars based on their performances. The parameters that are considered are the car’s ability to withstand daily wear and tear, harsh climatic conditions and the driver’s skill, and still have plenty of kilometrages left over.

This begs the question: Do kilometres on a car really matter? KM is an important factor that shouldn’t be overlooked. The average annual kilometrage of a car is 20,000. You can look at this number as either high or low depending on the car’s age. Don’t get too tempted by the km/gal alone though as there are several other measures of a car’s efficiency!

What car has the most kilometres in it? As far as record-breaking cars go, a two-door Volvo Coupe purchased in 1966 takes the cake. It provided its owner with about 4,800,000 kms!

 

2019 Cars That Offer 300,000+ Kms

On average, about 1.2% of cars that are manufactured every year make it to 300,000 kilometres. Which models live up to this statistic? We’re about to find out!

 

Honda Odyssey

The fifth-generation Honda Odyssey has upped the ante as far as its overall performance is concerned. A sleek cabin, Magic Slide second-row seats, increased comfort and connectivity all come together to create a minivan masterpiece. The 3.5-liter V6 engine is a force to be reckoned with. It offers 32 HP more than its predecessor and has improved fuel economy.

iSeeCars.com has listed the Odyssey in its list of the top 14 vehicles that have an impressive lifespan. In fact, 2.3% of all Honda Odysseys were driven for 300,000+ kms and counting.

 

Toyota Avalon

By its own admission, the 2019 Toyota Avalon combines state-of-the-art technology with thrilling designs, offering both driver and passenger a luxurious feel. Toyota’s flagship sedan has come a long way since its inception. It is powered by a 3.5-liter V6 engine that is infused with a 6-speed transmission.

Apart from its big and comfortable interiors, the best part is yet to come. About 2.6% of all registered Avalons broke the 300,000-km threshold.

 

Toyota Tacoma

Toyota conceptualized the sleek and sporty Tacoma for the adventure-seeking junkie. Even at first glance, it’s hard to miss the sculpted bumper, colour-keyed fender flares, and the athletic hood scoop.

The Tacoma was built to take on the most rugged terrain. With the TRD Pro Series, you can expect a 278-HP V6 engine with a five-passenger double cab.

If you’re a buyer with modest needs and a strict budget, the Toyota Tacoma was made for you! It also doubles up as a sports truck for off-roaders. 2.5% of all tested Tacoma cars ran for well over 300,000 kms.

 

2019 Cars That Offer 400,000+ Kms

The following vehicles not only cruised past the 400,000-km mark, but they also proved themselves to last the longest and provide the most reliable performance. Take a look at these formidable frontrunners!

 

Honda Civic

When we talk of staying power, we’re talking about the immortal Honda Civic (at least if revenue figures are anything to go by)! This compact vehicle was listed as the longest-lasting model in a 2015 Consumer Report.

With a Civic, the two things you can always bank on are fuel economy and reliability. This is probably what made the car a best-seller in North America and keeps sales figures on the up and up even in 2019. Owners can easily enjoy 10+years of uninterrupted performance and, dare we say it, hit 400,0000 km and more.

 

Chevrolet Silverado 1500

This pickup is a threat to Ford’s F-150 series and provides owners with superior comfort and durability. These rival automakers are constantly attempting to outdo each other, and this definitely shows as both companies’ sales figures are on a tremendous upswing. According to the latest iSeeCars report, you can definitely count on your Silverado to cross 400,000 km.

Luxurious interiors are mated with alluring exteriors to make the Silverado one of the most resilient vehicles on the road. It can take on all types of terrain and still have plenty of life in it.

 

Toyota Highlander

The Toyota Highlander comes with a plethora of benefits. Its roomy interiors seat eight people and have third-row reclining seats. Cargo space is in no short supply as the 60/40 third-row seat can fold flat to recline and accommodate any extra luggage. Noise penetration is kept to a minimum as the windshield is made from an acoustic-proof glass that prevents outside sounds from entering the cabin.

These features sure pack a punch, but there’s more! The Hybrid SUV leads the pack of vehicles that last for a decade or longer. They have rock solid reliability rates and the advantage of being backed by a very powerful brand. If you take good care of your Highlander, it can easily outdo 400,000 km.

 

The Journey of a Thousand Miles Begins With a Car Dealer Invoice Report!

Request a FREE Dealer Invoice Report. SAVE Thousands of Dollars on Your Next Car!

A dealer invoice report will reveal the vehicle’s MSRP so that you can negotiate for a great deal. When shopping through Car Cost Canada, you can also access certified dealerships, exclusive rebates, and incentives. Skip those deceptive dealer fees.

It all starts when you get your dealer invoice report.

 

Thanks for reading! Kindly note that the numbers provided above were taken from the manufacturer’s website and are contingent on the driver’s behaviour. They are not guaranteed by CCC.

New Car Buyers Guide: What is MSRP?

When it comes to purchasing a new vehicle in Canada, the process is relatively simple. You walk into a car dealership, inquire about your favourite models and makes, take some test drives,  and begin the negotiation process to get the best price for your investment.

The conversation typically starts at a price point set by the dealership and from there, the buyer will proceed to explain their budget so that the dealership can find a more suitable price for the both of them. The goal of the dealership is to make maximum profits whereas customers are looking for the best deal for their money. For those that have not gone through this process, this can be a challenging point as to what range you should provide the dealer, which is why understanding the definition of the MSRP and how you can leverage tools such as a dealer invoice price for comparison which can be instrumental to getting a good price.

Keep reading to learn more about the difference between the MSRP and a dealer invoice price:

 

What is MSRP?

MSRP stands for the manufacturer’s suggested retail price, which is exactly what it sounds like. Once the vehicle is manufactured, they put together a list of costs associated with the makeup of the vehicle along with any creative and design aspects. They recommend this price that includes the sales efforts and markup, encouraging all locations to have similar price points so that it can be standardized across the board.

This would be more or less the price that dealerships promote, adding on any discounts or additional markups. Understanding the MSRP is often negotiable will allow you to find the range to start the conversation from.

 

What is a Dealer Invoice price?

A dealer invoice price is a price that the dealership is invoiced for the vehicles that they sell. This is often the cost to the dealership, so a subsect of the MSRP. The amount is the direct materials, labour, and overhead associated with the vehicle and this becomes a charge to the dealership when they purchase them to sell to customers.

It is commonly known that the dealer invoice price often excludes costs that dealerships are able to get out of through incentives such as dealer holdbacks or cash incentives. Keep in mind, those discounts are not shown on the invoice prices that are on the report but for the most part, dealer invoice reports help to show an at-cost version of the vehicle you are looking for which is what you need to begin negotiations.

 

So the difference is…

The difference between MSRP and the dealer invoice price is the profit margin that the dealerships make. They are looking to maximize that as much as possible, but all car dealerships are in the business to make sales so they will negotiate until you are satisfied with the price and they are satisfied with the profit margin.

 

Obtaining a Dealer Invoice Report

With Car Cost Canada, you have the opportunity to get a report that showcases the dealer invoice prices and with the service, certified dealerships are recommended so that you can connect with someone who is ready to negotiate on these terms. Since the report itself is free, you have the opportunity to save money without initially investing anything.

 

Negotiating Strategies

Alongside a dealer invoice report, here are some tips and tricks to help you in your purchasing conversation:

  • Do not be an impulse buyer: cars will not run out, if you want a certain model or make, they will exist a week or a month from now. Take your time so that you make the best decision for your commuting needs.
  • Negotiate up from the dealer’s cost: utilize the dealer invoice report and take away any dealer holdbacks and cash incentives to obtain the dealer’s cost; from there, you can negotiate from an additional 3-5% upwards.
  • Bring someone along: this will provide another perspective and give off the impression that you cannot be intimidated; use your partner to strategically guide the conversation so that the power is in your hands.

 

Have your best foot forward in negotiating for your new vehicle. Do not get blindsided by additional markups or prices by utilizing the tools you have strategically. A dealer invoice report can give you all the information you need to make an informed decision. Contact our team today to learn more about the service and to get more advice.

 

Best Vehicles of 2018

As the year comes to a close with the holidays among us soon, there are many things to be grateful for. The wonderful family and friends that we all have, the amazing memories, and the best deals that we got year-round.

When it comes to purchasing a new vehicle, the best deals were found this year through Car Cost Canada’s process of utilizing invoice reports to negotiate. With hidden rebates and invoices, these reports are able to showcase the actual price you should be paying for your dream car. If you’re looking for a value-added car, take a look at our list of the best vehicles of this year and obtain a report so that you can negotiate for the best price:

Kia Sorento

SUVs often have the reputation for having a cramped interior alongside a loud drive to the vehicle and with the Kia Sorento having some of the lowest prices in the class, it seems like a too good to be true type of bargain.

Although SUVs often have an obnoxiously loud ride, the Sorento provides a smooth, quiet ride — similar to a luxurious SUV option. The interior of the vehicle also provides an ample amount of passenger space alongside up-to-date tech features to assist you while driving. It is a family-oriented car and with low ownership costs, it is a top choice to keep around.

Audi A3

This vehicle combines low costs and luxury, providing a quality drive for those on a budget. It maintains the level of performance and build that a regular Audi would have while having a starting price that is affordable.

The A3 provides a sense of prestige and alongside a great starting price, it also has low ownership costs. Over the course of 5 years, you would save more on this car than others in the same class.

Toyota Camry

The Toyota Camry is a classic midsize car that has been a staple in many households. SUVs have gathered consumer attention in the past couple years but the Camry provides long-term value. Not only is it an excellent vehicle but it adds on to the standard midsize by providing loads of standard safety features, an abundance of tech compatible with smartphones, and quality performance. The long-term advantages of the Camry offset the initial price of the vehicle that is slightly above class average.

Lexus RX 350

It is clear why this vehicle that has won the award for Best Car for the Money several times, with low prices and a quality build. The vehicle provides a zen-like ambience with plenty of room for passengers, alongside an aesthetic design, with upscale materials that impress many. It has been proven to be reliable with excellent ratings, less repairs historically, and further savings for you.

Honda CRV

A Honda CRV is the equivalent to a small SUV model — perfect for families. Similar to other small SUVs, it has a hard time distinguishing itself but it has continuously won Best Car for the Money in the past five years.

It is an incredibly roomy and practical cabin and produces quality daily performance. It is easy to maneuver and has low costs and ownership costs overall.

Honda Odyssey

When it comes to minivans, the Honda Odyssey takes the cake for the best one. With the upgrades, there are options to add a Wifi hotspot alongside a rear side entertainment system with a massive screen for passengers.

A vehicle like that provides plenty of space for both cargo and passengers, allowing for flexible seating configurations. The Odyssey is also one of the best in the class as it has low ownership costs while perfecting the value-add of entertainment and engagement. Family-oriented groups will enjoy this vehicle as the ample amount of passenger space pushes it to be a primary method of transportation for road trips compared to smaller midsize sedans.

Invoice Report

Each of these vehicles have their perks: either they are priced lower (providing a bargain), have high quality parts that make it unique, or they produce long-term savings with low ownership costs. Regardless, there is another method that makes each of these quality vehicle choices even more affordable. With Car Cost Canada’s invoice reports, you are able to find rebates and incentives that may not be evident without this report.

Looking for a new vehicle? Take a look at Car Cost Canada’s service and what affordable can look like for you. With dealer invoice reports, we are able to provide you with the best price for any model or make that you are interested in.

What Drive Type will Help you Combat Winter Weather?

The temperatures are dropping, dark clouds fill the sky, night time is falling earlier, you know what that means? Winter is just around the corner and whilst winter is home to many great things such as skiing, tobogganing, candy canes, and warm drinks galore, it is also home to some less-favourable weather conditions. Ice, snow, slush, sleet, rain, and salt riddle the roads in the colder months, hence why switching to winter tires that can grip these surfaces better is imperative. Whilst switching to winter tires is essential and typically the first step once the temperature drops, many don’t consider another key factor that affects a vehicle’s performance in winter: drive-type. There are four drive-types and each one determines how a vehicle drives in various conditions. Doing a throughout vehicle comparison can help you find the best vehicle to combat the harsh winter weather and also provide a smooth, comfortable drive all year-round. The big question now is, what drive-type can withstand winter and all it has to offer?

All-wheel-drive (AWD)

A significant amount of vehicles are AWD and for good reason. AWD vehicles tend to be extremely safe and can easily adapt to a variety of surfaces. An AWD system involves engine power being sent to all four wheels which will give the traction needed to get through snowy roads. In comparison to other types of drive, all-wheel-drive is by far the best when it comes to its ability to combat the road elements winter throws upon us. AWD was once only available in specific makes and models, however, due to its impressive performance, it is now the standard with most makers. All-wheel-drive vehicles are also the easiest to handle in such conditions, making them a great choice, especially for those new to the world of driving. Adorned with a set of quality winter tires, an AWD vehicle is sure to keep you safe even on the harshest winter days.

Front-wheel-drive (FWD)

Front-wheel-drive vehicles weight distribution is shifted towards the front unlike all-wheel-drive vehicles, where the weight is distributed equally amongst all axels. FWD vehicles do an impressive job when put up against winter weather. The weight of the engine sits on top of the drive wheels which allows it to push through some pretty nasty weather. Whilst you will have the ability to safely drive from A to B (which let’s face it, that’s pretty much what we need when driving), you will be sacrificing some performance. Due to the displacement of power being shifted to the front, FWD vehicles typically lack in the speed department. The wheels that steer the car are also responsible for propelling the vehicle which in turn, will cost you some points on the speed and performance scale. Albeit, you most likely don’t want to be doing any high-speed maneuvers in the winter. FWD vehicles are an economical choice for those who like to take it easy, enjoy the drive, and get through some rough weather.

Four-wheel-drive (4WD)

If you’re looking for a vehicle that will take on the toughest of terrains, look no further than a 4WD vehicle. This drive type is typically seen in trucks and all-terrain vehicles. This drive-type works in a couple different ways, operating as a four-wheel-drive or, at times, a 2-wheel-drive vehicle. When in 2WD mode, the vehicle’s traction drops, ergo, lessening the grip the vehicle has on the road. When in full 4WD mode, however, these vehicles are designed to handle various, difficult terrains including deep, heavy snow, slush, mud, and unpaved roads. Similar to a FWD vehicle, 4WD sacrifices speed but makes up for that with its powerful drivetrain. Do consider the fact that 4WD vehicles carry a lot of additional weight and tend to be more costly. If you drive short distances are don’t partake in much or any offroading, you are not getting bang for your buck. If, however, you enjoy off-roading in the summer and just getting through the roads safely in the winter, a 4WD is the vehicle for you.

Rear-wheel-drive (RWD)

Speed, power, performance- all qualities that rear-wheel-drive vehicles possess. Most sports/performance vehicles are RWD, which comes as no surprise when you see the power and speed these vehicles give off. With RWD vehicles, power is sent to the rear wheels, propelling your vehicle from the back when you step on the gas. Whilst this all sounds great, rear-wheel-drive vehicles are the less-favourable when it comes to vehicles fit to endure winter roads. They are infamous for fishtailing and breaking traction on snowy roads and sometimes, simply on wet surfaces. Whilst they are still drivable in the winter and many Canadians who own a RWD adapt to how they work, they require caution and care when driving. They are incredibly fast vehicles and while they will still give you that speed you want on snowy surfaces, it is best to slow down on harsh days to avoid a dangerous fishtail or spinout. If you are all about performance and speed, a RWD vehicle is best suited for you, but keep in mind, you will have to put all that on hold come the winter months to ensure you are in the safest position you can be in.

Every drive-type has its ups and downs. Some perform between on smooth surfaces and others perform better amongst harsh elements. It’s imperative you understand the differences of all the drives prior to purchasing a vehicle to ensure you are getting the best possible vehicle for your situation, your family, your driving experience, and your location.

Need help finding a vehicle that will brace the unpredictable variables of a Canadian winter? We can help! Contact us today and be prepared for whatever mother nature throws your way!

5 Easy Ways to Get Out of Your Car Lease Early

You may want to terminate a car lease early for several reasons. Maybe you’re moving out of province and don’t want to take the car with you, or you want a car with a less expensive lease. Whatever the reason, it’s not always easy to get out of a lease early, and most likely you’ll have to pay a fee to do it. If you’re dead set on getting out of your car lease early, keep reading for 5 ways to do it.

Looking for a new car and thinking about leasing? When you sign up for CarCostCanada you get access to the dealer invoice price report, which tells you everything you need to know about the finances of the car you’re looking to lease. The report will give you a comparison of both financing and leasing options, so you can decide which you would rather do, and what the best rate you can get is. It will even tell you what rebates and incentives you’re entitled to so that you can get a better deal on your brand new car.  Sign up for a premium membership and get multiple free reports so that you can compare different cars in Canada.

5 Ways to Get Out of a Lease Early

Transfer the lease: One of the easier ways to get out of a car lease early is to transfer it to someone else. You can use third-party services to do this, and they will find someone to take over your lease for you, or if you know someone wants to take on your lease you can do so. While most leasing companies will let you transfer the lease over to another person, you need to remember that name on the contract will still be yours, and you will be liable if the other person stops making payments.

You will also most likely have to pay a transfer fee to get out of your lease. This can range from $50 to $500 depending on the lease and the company you lease from.

 Sell or trade the car: While most people are aware that they have the option to buy their vehicle once the lease agreement has reached an end, many are unaware that you can buy the vehicle from the leasing company at any time. This is known as an early buyout. If you can find a buyer for the car or plan on, this is a great way to get out of your lease early. You should note that again you’re likely going to have to pay a charge to end the lease early; an early termination fee ranges from $200 to $500, plus any remaining depreciation cost.

Return the vehicle: When leasing a car, you always have the option to return the car to the leasing company, but be prepared to pay heavily in penalties. You’ll end up paying a large termination fee and the remaining depreciation of the car. It’s a better option to buy and sell the car yourself to save more money.

Ask the leasing company for help: If you’re looking to get out of your lease for financial reasons, but feel you’ll be in a better place in a few months, you can always reach out to the leasing company and ask for payment relief for a few months. They may agree to suspend your payments for a few months or will lower the monthly payment for a few months. You’ll have to pay back the difference later, but you won’t get extra penalties.

Talk to CarCostCanada: If you want to get out of your lease early, we can help. CarCostCanada.com and LeaseBusters.com are partners, and we can help you get out of your car lease early so you can take advantage of all the new car deals found in your free dealer invoice price report. LeaseBusters.com has been assisting Canadian leasing customers to get out of their vehicle lease since 1990. If you want more information regarding the process of getting out of your vehicle lease or are looking to get a no-charge professional evaluation,  fill out a form with your contact information here and a LeaseBusters professional will contact you within one business day or less.

Looking to lease a new car? Sign up for CarCostCanada and take advantage of our free dealer invoice price reports for great new car deals in Canada! Call 1-866-453-6995 to learn more!