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Learn Why a Fuel Efficient Car Should Be On Your New Car
1 November

Learn Why a Fuel Efficient Car Should Be On Your New Car

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Car Loans Canada

Interested in a fuel efficient car such as a Toyota Prius or Nissan Leaf? If so, you are certainly not alone in this category. As gasoline prices continue to go up and up, many car owners are beginning to look at fuel efficient cars with new eyes. Whether its hybrids or strictly electric vehicles, fuel efficient cars as seen by many as being an idea whose time has come!

Reason Number One-Gas Prices

There isn't much room for doubt that gas prices are very likely to keep going up permanently. The old days of cheap gasoline are as dead as the dodo bird! It would be nice to think that cheap gasoline is around the corner, but embracing this notion is embracing a fantasy. This, of course, means that fuel efficient cars are a great option for those looking to save money in the here and now!

Reason Number Two-Government Incentive Programs

Government incentive programs are out there to encourage drivers to consider opting for plug-in cars, and Canada is leading the way. There are many factors that go in to determining how large of a rebate you may receive, but usually it is in the neighborhood of several thousand dollars. Quebec residents, for example, could be looking at an $8,500 rebate when purchasing a new plug-in car. While the dollar amount may vary by province, you will see a rebate when purchasing a plug-in vehicle.

Location Incentive
Ontario Rebate of $2000-$5000 on Retail Sales tax
Quebec Rebate of $5000-$8500 on Retail Sales tax
BC Rebate of $2000 on Retail Sales tax (if purchased or leased before April 1, 2011)
Prince Edward Island Rebate of $3000 on Retail Sales tax

Reason Number Three-Improving Infrastructure

The idea that there are not enough places to plug-in your vehicle is quickly becoming a thing of the past. Governments and industry are working together, and doing so quickly, to build up the necessary infrastructure to get more plug-in vehicles on the road.

Reason Number Four-More Pricing Options

Not too long ago fuel efficient cars, especially hybrids and all electric options, were priced out of the reach of some car buyers, but not any more. Today, there are more options than ever before, and that makes shopping for a fuel efficient car easier than you might imagine. Not only are there fuel efficient gasoline options on the market, but now there are plug-in options as well.

Four Reasons to Put Fuel Efficient Cars on Your Short List

  1. Gas Prices
  2. Government Incentive Programs
  3. Improving Infrastructure
  4. More Pricing Options

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