When Debbie Bruce decided to get a personalized license plate in 2002 and chose DEB ACLE, she had no idea it would coincide with an Olympic skating scandal. Debbie, who lives in Mississauga, Ontario,…

DEB ACLE Proved To Be Timely Purely By Coincidence

When Debbie Bruce decided to get a personalized license plate in 2002 and chose DEB ACLE, she had no idea it would coincide with an Olympic skating scandal.

Debbie, who lives in Mississauga, Ontario, thought a personalized license plate would be fun to go with her Purple Dodge Neon she was driving at the time.

“I’ve always been a car person,” Debbie told me. “My dad had a Studebaker. I have a picture of him holding me in front of it when I was a baby. He also had a 1964 Ford Galaxy 500 candy apple red with a 352 engine. I’ve always loved cars.”

Debbie Bruce with Dodge Neon Deb Acle

When she decided to get plate with a name, she worked in a marketing/purchasing role for Michael Belvedere, who owned a company called Nature’s Organic/Belvedere and Associates. He had a product called DEP Hairstyling Gel, and the company did a pool of advertising ads using the word DEP such as DEPUTANTE and DEPENAIR.

Debbie Bruce with her dad and his Studebaker

She originally considered DEPUTANTE, but it contained more letters than allowed. She also considered DEB IT, but it was already taken.

So she went with DEB ACLE.

“When I was going through the dictionary, as soon as I saw that name I thought it would definitely make people laugh,” Debbie said.

Well, about the time her personalized plate debuted – I’m having fun with the deb if you didn’t figure it out – the Winter Olympics were taking place in Salt Lake City. Canada had an ice pairs duo comprised of Jamie Salé and David Pelletier. They skated flawlessly in the long program and many people thinking the Canadian duo won the gold. But the judges, in particular one from France, voted in favor of the Russian pairs, despite them making a mistake in their program, by a score of 5-4. The outrage that erupted escalated when the French judge alleged she was pressured into voting for the Russians in exchange for helping the French team in the ice dance team competition.

“There were headlines all over the place and they called it a debacle,” Debbie said. “I thought it was wild. You haven’t heard anybody say that word ever and then suddenly I get my license plate and it’s everywhere all the time. I was blown away. I almost thought I should get a royalty every time somebody used it.”

Debbie’s husband, Jim, had a company, Centrum, that sponsored Skate Canada, the Canadian national figure skating organization.  “We also knew Salé and Pelletier a little bit, so I thought this was too wild, but I never contacted them,” Debbie said. “I was joking about selling the plates to them.”

Debbie said she’s had many people comment on the plate.

Perry Lefko is the Content Manager of The Car Magazine. He can be reached at [email protected]. Feel free to forward any story suggestions or comments.

Bob, who will be a regular contributor to The Car Magazine, has been in the business more than 30 years selling cars and in a variety of other business roles.  He entered into the business, following…

You might say Bob Manor was born to work in the car industry

Bob, who will be a regular contributor to The Car Magazine, has been in the business more than 30 years selling cars and in a variety of other business roles. 

He entered into the business, following his father and three uncles who worked for Chrysler Canada in Windsor. Bob became the automotive equivalent of an Army brat because Chrysler transferred his father throughout the country in various jobs.

His father moved back to Windsor when Bob was in the 11th grade. He was 6-foot-7 and starred for his school in basketball and then took his talents to St. Mary’s University in Halifax. There were no professional sports teams in the city at that time and St. Mary’s basketball players were like celebrities. He received a free apartment off campus and money for working in jobs and didn’t have to show up for work. A son of one of the alumni loaned him a 1989 Acura Legend 5-speed coupe.

Bob Manor, auto industry professional

But he began partying “like a young stupid kid away from home for the first time” and essentially squandered his opportunity. He returned home humbled after his first year and his father was not impressed. 

“I went from absolute hero to absolute zero in the span of two weeks,” he said. “It was a complete nightmare.”

Bob enrolled in the University of Windsor far away from where he lived and had to take a city bus to school, which took about an hour.  

He decided to find himself a job that would give him a company car and adjust his school schedule.

He grabbed the local newspaper and looked at the classified section and saw a job for a car salesman at a Jeep dealership that offered a demo as an incentive. He applied and because of his family name, the dealership hired him. It was 1990, interest rates were high and cars were not selling.

“You couldn’t have got a walrus to take a job as a car salesman, but I didn’t know that,” he said.

Bob pointed to a red five-speed Jeep Comanche Eliminator as the demo he wanted and put a dealer plate on it. The next day a prominent local lawyer was his first customer and Bob got lucky with the sale on an aged unit and got a bonus of $600, which was huge back then. 

He figured he could make so much money selling cars, he quit school. But back then he described the car business like the island of misfit toys.

“Not many people unless their dad owned a dealership grew up dreaming of being a car salesman,” Bob said. “They did it out of some kind of personal necessity like I did. Nobody would hire them, there’s no other choice, so you get a job selling cars. That’s kind of how it used to be. That’s how most of the guys in the business today that are super successful got their start, just by kind of stumbling into it.”

He became a top salesperson at that dealership and three years later moved to a bigger Chrysler store and worked as a Fleet Manager, and ended up selling the first cars Enterprise Rent-A-Car bought when it began Canadian operations. That led to an offer from another dealership, three years later, and he discovered he could make more on trade-ins if he shipped them to the U.S. In 1999, married and with a four-month old baby, he decided to incorporate his own business exporting vehicles wholesale on a dealer-to-dealer level. But the financial crisis in 2008 wiped him out. He then moved into the commercial consumer finance space and eventually moved back into brokering cars, starting South Ontario Auto Remarketing (SOAR). 

Chrysler had started voiding warranties on vehicles intended for sale outside of the original market, so similar what he’d done throughout his career he came up with a solution. He worked with insurance companies and sold them on the idea of creating replacement warranties. He ran into roadblocks but eventually found a partner and created Can-Am Warranty. His reputation in the business in import-export space rose and he was contracted by Tricor Auto Group, the biggest dealer group in Canada, to build and run an export division. 

He did this for 2½ years before leaving to start a new business in May as Co-Founder of AutoAuction.com. It is dedicated to bringing transparency and accountability to the auto auction industry, serving as a critical resource for dealers, consignors and buyers. It provides comprehensive, unbiased reviews and ratings of auto auctions, advocating for fair practices and helping dealers resolve arbitration claims.

To learn more about Bob and his automotive businesses, visit BobManor.com

 

Perry Lefko is the Content Manager of The Car Magazine. He can be reached at [email protected]. Feel free to forward any story suggestions or comments.

We’ve previously discovered that the monthly payments for a 48-month lease and an 84-month loan are quite similar for most popular vehicles. However, you might still wonder why lease payments can sometimes…

Lease Versus Loan Payment Influencers

We’ve previously discovered that the monthly payments for a 48-month lease and an 84-month loan are quite similar for most popular vehicles. However, you might still wonder why lease payments can sometimes be significantly lower than finance payments, while other times the payments can be nearly identical for the same vehicle just a few months later. This intriguing fluctuation in costs raises important questions for savvy car buyers.

There are several reasons for these fluctuations and new car buyers that are conducting their vehicle research as well as deciding whether to lease or finance the acquisition must understand what affects the price and the payments.

Here are five main factors:

Interest Rates: To boost sales, car manufacturers (OEMs) often subsidize (lower) interest rates to create more affordable monthly lease or loan payments.

Interest rates play a crucial role in determining payment amounts, so new car buyers should always compare the interest rates for both loans and leases during their payment research.

Factory Rebates/Discounts: For decades, OEMs have used factory rebates as a strategy to temporarily lower the price of a new vehicle without disrupting the market or damaging the reputation of a specific car model. These rebates often come with conditions, such as being available only for cash purchases, finance purchases, or as “lease cash” for factory leases. New car buyers need to research all available factory rebates to ensure they are applied to their deal and to determine which payment plan offers the most rebate money.

Zero Percent finance offer

Extended Terms: Not long ago, vehicle leases and loans rarely exceeded 36 months (3 years). Today, lease terms can extend up to 60 months (5 years) and loan terms can stretch to 96 months (8 years). Longer terms result in lower monthly payments. However, new car buyers should ask for an interest rate schedule from the dealership because OEMs often increase interest rates for longer-term leases and loans. Buyers should also remember that unless the interest rate is 0%, longer term means paying more interest over the life of the loan or lease.

Dealer Discounts: Despite the low markup on new cars (usually less than 6%), dealerships are often willing to negotiate discounts. Factors such as excess inventory, aged inventory and month-end sales targets can motivate dealers to offer better prices. These discounts effectively reduce the monthly payments on both loans and leases. Don’t hesitate to discuss pricing reasonably and respectfully with your dealership.

Reduced rate lease offer on Infiniti July 2024

Residual Values (Leases Only): The OEM’s financial services division determines the residual value for their leases, which is a percentage of the MSRP. A higher residual value percentage results in a lower lease payment. OEMs can increase the residual percentage as an incentive to lower the lease payment without offering a lower interest rate or lease cash incentive. Each lease term has its own unique residual percentage, so don’t assume a 60-month lease will have a lower payment than a 39-month lease. Many premium brands use that 39-month term because the vehicle is returned with plenty of warranty and very positive market value.

The OEM might promote 39-month leases by setting a higher residual percentage for that term. Ask your dealership for a schedule of lease payments with different terms to compare.

Once you’ve set your payment budget for your next new car, your goal is to find a vehicle that fits within that budget. Use the information in this article to lower your monthly payment with the knowledge and insights you’ve gained.Visit CarCostCanada® to use their build, price and calculator tools to create your vehicle shortlist and guide you toward the best purchasing decision. CarCostCanada is a one-stop shopping tool that lets you do all your pricing research in one place, eliminating the need to visit multiple OEM websites.

James Matthews is the President, General Manager and Co-Founder of LeaseBusters. James launched LeaseBusters in 1990 and is considered one of Canada’s leading experts on new vehicle leases, lease-take-overs and vehicle lease (re)marketing. James can be reached directly at jmatthews at leasebusters.com

Tim Hauraney is living the life doing Formula One and IndyCar analysis for TSN (The Sports Network) after pursuing his dream as a professional race car driver. From beginning in the Ontario Formula Ford…

Tim Hauraney living the dream as a car racing analyst for TSN

Tim Hauraney is living the life doing Formula One and IndyCar analysis for TSN (The Sports Network) after pursuing his dream as a professional race car driver.

From beginning in the Ontario Formula Ford Championship, he moved up the ranks to the Canadian Formula Ford Championship, 24 Hours of Daytona, Fia GT Championship, Formula Renault and Champ Car Toyota Atlantic Series.

But he found himself stuck in neutral when the 2008 recession hit. 

“I had made it to such a high level in the sport that it required millions of dollars just to continue,” Tim said. “When I was coming up through (the racing ranks), a lot of the teams had some sponsorship, so it didn’t require us to bring as much as drivers are bringing today to the table.” 

He began working for two companies doing streetcar events in North America, branched into racetrack driving skill events and then became a racing instructor. 

Then he took a leave from the sport because he no longer had the passion to be involved in the car community.

“It was tough to be involved doing what I was doing and not being able to race and compete, so I figured it best just to leave the industry all together and just try to put it behind me and start a new life doing something else,” he said.

Tim Hauraney

“The problem is I couldn’t find anything that I loved as much as cars, racing, performance, competition – just all of that. It was really difficult for me to deal with psychologically, so I just kind of cut ties with all of it and dropped all the way to the bottom.” 
He returned home to the Village of Keene, a town with a population of 300 just outside of Peterborough. His parents, who provided him with some resources to pursue his racing career, were extremely supportive of his decision to leave it all behind. 

Tim Hauraney TSN Auto Racing analyst behind the wheel

“My parents were huge in my career, so was my (maternal) grandfather,” he said. “I couldn’t have done it without them. They wanted it for me just as much as I wanted it. They were crushed when I couldn’t keep going. They were just as devastated as I was. We both were on the same journey together.” 

He found work delivering pizzas and at a chicken farm whose owner was a family friend. 

“It was an easy job, a lot of people could have done it, but it was pretty nasty,” he said. “All the chickens have been defeathered and cleaned out. You prepared them and put them in the freezer and made stuffing for the carcasses.”

It was quite a reality check.

“At one point in my life I was at one level, which was living my dream, pursuing my passion, and doing what I loved, and then, boom, that dream suddenly stripped away, and I was all the way down at the bottom,” he said. “It was hard to adjust and to figure out. I was all the way up here and then all the way down at the bottom. It was like a roller-coaster.

Tim Hauraney behind Tim Hauraney TSN Auto Racing analyst behind the wheelthe wheel

I never went to college or university and all I had was a high school diploma so not much to fall back on to support myself, and so the owners of both the pizza shop and the chicken farm really understood what I was dealing with and gave me a job to make some money.” 
It was a chance run-in with a TSN sportscaster who had followed Hauraney’s career and had an interest in motorsport, suggested Hauraney consider working for the network on its nightly sports news shows. But Hauraney had no experience in the broadcast industry. He began working for The Score Network in an entry-level role, which required learning about all kinds of sports, the key players in them and how to archive tape. He then moved over to TSN and learned how to produce, write scripts and edit. He then talked to the upper management about doing a racing show, specifically Formula One.  

“They saw me as a great asset for them because they didn’t really have anybody who could tackle racing or Formula One,” he said. “Because I was at such a high level with my racing career I could apply that to what we were trying to do at TSN. The company let me create my own position, which I’m truly grateful for. They gave me the reins and they taught me a lot about broadcasting and journalism and reporting.” 

He is in his 10th year with TSN as its racing analyst. He also consults for drivers, teams and companies directly involved with car racing, helping them achieve their goals within the auto sport community. 

Hauraney has some simple advice for anyone looking to pursue their dream. 

“I believe timing is crucial, hard work is paramount and networking and relationships are massive,” he said. “Whatever it is, whatever your passions are, whatever it is you love to do, you’ve got to put the time and effort into it, work hard, and when the time is called upon, you are ready to execute that’s the way I always look at things. My parents taught me to just work hard, and good things will eventually come.” 

Perry Lefko is the Content Manager of The Car Magazine. He can be reached at [email protected]. Feel free to forward any story suggestions or comments.

Meet Christine Mitchell – also known as The Car Lady. She will be a regular contributor to The Car Magazine with her insights about understanding and operating features of newly purchased automobiles…

Meet The Woman Known As The Car Lady

Meet Christine Mitchell – also known as The Car Lady. She will be a regular contributor to The Car Magazine with her insights about understanding and operating features of newly purchased automobiles and the importance of regularly servicing them. She considers a car purchase the second-largest investment a person will make next to buying a home.

Christine, who resides in Port Elgin, Ontario, and her staff work with dealerships throughout Canada to help their customers learn more about their new car purchases. She said when people buy cars they are attracted to the purchase, but they may not be familiar with the vehicle’s technology and the importance of service.

“Everybody just thinks showroom, showroom, showroom,” Christine said. “I think I’ve certainly influenced a lot of people in the way they’ve felt about their car, their confidence level with their own vehicle and their relationship with their dealership. I’ve certainly educated a lot of people.”

Christine Mitchell new head shot

Christine started her company more than 25 years ago and the Know Your Car Night presentations she and her staff do are popular with dealers across Canada. They hire her to help them retain customers and, in turn, the customers learn more about operating their new vehicles. Her motto is: Give Your Dealers A Second Chance At A First Impression.

Christine Mitchell posing with her 2017 Toyota Highlander

“The bread and butter of The Car Lady has always been the after-sales seminars,” said Christine. “The Car Lady is all built around educating customers about service and the customer retention. My favourite customer on the Know Your Car Night is always the first-time buyer because they are looking at me to make great decisions going forward about their service and to keep that car looking its best and I’m grateful for the opportunity to have taught those people something.”

Christine speaks from her experience and passion for cars. It began at a young age growing up in Peterborough. “I wanted to drive fast, I wanted to look good, I wanted it all,” she said. “I wanted to be like Steve McQueen my entire life.”

As soon as she passed the course to become a licensed driver at age 16, she applied for a job at a major dealership in her hometown.

“I just loved the car business and I never had it in my background,” Christine said.

“I was so enamored by the whole process of working in a dealership and changing people’s lives through transportation. I don’t know why.”

She started out as a receptionist, but wanted to work as a technician so she enrolled in a school to learn how to do it. She was the only woman among 64 who took the course.

“My mother used to call it a target-rich environment because I was the only girl, and I was blonde and I was young,” Christine said. “The Car Lady became a manufacture of that because when I was working in service they trotted me out for every photo opportunity because they wanted some diversity.” She subsequently became a salesperson.

The Car Lady's summer car

She decided to make a career switch after giving birth to her daughter in 1997, giving her more flexibility with her time.

She evaluated her skills and felt she had a great voice, a good presence and knowledge about cars. Applying that all together, she decided to start a business teaching car clinics to women at General Motors dealerships. She began with Women’s Clinics and parlayed that into the Know Your Car Night.

The Car Lady with her Lexus

“Every time I’d go into a dealership, somebody would say, ‘hey, there’s that car lady, there’s that car lady’ and so I said, ‘Okay, I’ll be The Car Lady. I was a mechanic who was a woman who parlayed that into a business. I’ve literally met thousands of people and taught them about their cars.”

Beginning in 2011 when her business started to boom, she hired staff to help with the events. Her recruits were women with experience working in a dealership or had a full-time job and wanted to work part-time at night.

“I know a Car Lady as soon as I meet her,” Christine said. “I don’t care if she doesn’t know anything about cars, I’ll teach her what she needs to know.”

In 2018, Mitchell received a Leadership Award at the Women & Automotive Conference.

“I believe in The Car Lady,” Christine said. “I believe in what we’re doing. People need to be educated on service. Service is essential. I’m the voice of service. I’m your second chance at a first impression.”

Perry Lefko is the Content Manager of The Car Magazine. He can be reached at [email protected]. Feel free to forward any story suggestions or comments.

Harry Kohli, the Fixed Operations Manager at Marino’s Fine Cars, had been trying for some time to book Christine Mitchell to do a presentation at the company’s Subaru store in Etobicoke, Ontario.…

Subaru Fixed Operations Manager Values Christine Mitchell’s Car Knowledge

Harry Kohli, the Fixed Operations Manager at Marino’s Fine Cars, had been trying for some time to book Christine Mitchell to do a presentation at the company’s Subaru store in Etobicoke, Ontario. Well, the wait was worth it. On June 24, Christine spoke to an interested audience of customers who had bought cars from the store. She spoke first about everything to do about car features and safety, and then transitioned to service and car maintenance. 

Some of the topics that really resonated with the crowd were the safekeeping of keys and what different car colours mean in terms of which ones are produced the most by manufacturers, which ones have greater resale value and which ones are more likely to be targeted by thieves. Her presentation on brake pads and rotors also had the crowd fascinated. 

“It was a very successful event, great information about under the car, under the hood, features of the car, roadside assistance, winter tires, all that she talks about,” Harry told me.

Perry Lefko is the Content Manager of The Car Magazine. He can be reached at [email protected]. Feel free to forward any story suggestions or comments.

There are many factors to consider when deciding between financing and leasing a car, which is why it’s important to break down the key differences. Let’s start with the monthly payment. Leases…

Should I Lease Or Finance My New Vehicle Purchase?

There are many factors to consider when deciding between financing and leasing a car, which is why it’s important to break down the key differences. Let’s start with the monthly payment.

Addison Chevrolet

Leases typically have lower monthly payments than loans because you only pay for the part of the vehicle you use during the lease term. This is why there’s a residual value (the car’s value at the end of the lease). On the other hand, loan payments are higher because you’re paying off the entire value of the car over the loan term. So, if you compare a lease and a loan with the same term – no down payment and the same interest rate – the loan will cost more per month.

To keep it simple, lease payments are calculated by taking the depreciation of the car (the difference between the car’s sale price and its residual value) and dividing it by the number of months in the lease). The higher the residual value, the lower the depreciation and the lower your monthly payment. Monthly interest is calculated based on the car’s full value and added to the depreciation amount to determine the total lease payment.

401 Dixie Mazda

If we use an example of a $30,000 vehicle that has 0% lease and finance rates, we can clearly illustrate what was described above.

LEASE:  $30,000 sale price, less a $15,000 buy back (residual). $15,000 divided by a 48-month term = $312.50 per month. (Note:  since our example is assuming a 0% interest rate, there was not an interest charge to be added to the payment).

LOAN (Finance):  $30,000 sale price divided by the same 48-month term = 625.00 per month (exactly double the lease payment but the loan is paying off the whole vehicle).

After considering this example, you might wonder why everyone doesn’t lease their new vehicle. That would be the case if banks and car manufacturers’ (OEM) finance companies only offered 48-month terms. However, both banks and OEM finance companies also offer longer-term financing options, such as 60, 72, 84 and even 96-month terms.

Comparing monthly payments

New car dealership financial service offices have effectively promoted the 84-month (seven-year) finance term to compete directly with the lower 48-month lease payment. Using the same example, an 84-month loan for a $30,000 vehicle would result in a monthly payment of $357.14, which is very close to the 48-month lease payment.

I compared several 48-month lease calculations with 84-month loan calculations for various popular vehicles. The lease payments ranged from $10 to $53 less per month than the loan payments. As mentioned, OEMs often alternate between offering better interest rates for leases one month and better rates for financing the next. Therefore, it’s crucial to always request comparable quotes for both payment options.

Comparing monthly payments on leases and finance agreements

In conclusion, you’ve learned about the term lengths that can equalize the monthly payments of a lease and a loan. With this knowledge, you can create a shortlist of new vehicles you’re interested in and use a lease/loan calculator to see if they fit your budget.

Go to CarCostCanada® and use their build, price and calculator tools to come up with your vehicle shortlist and put you on the right road to making the best vehicle purchasing decision. CarCostCanada is a one-stop shopping tool that allows you to do all the pricing research on one website as opposed to bouncing around several OEM websites.


Jim Matthews is the President, General Manager and Co-Founder of LeaseBusters. Jim launched LeaseBusters is 1990 and is considered one of Canada’s leading experts on new vehicle leases, lease-take-overs and vehicle lease (re)marketing. Jim can be reached directly at [email protected]

When considering a compact SUV, it’s essential to compare offerings from both domestic and international car manufacturers. This helps make a well-informed choice, striking the right balance between…

Comparing Compact SUVs: Domestic vs. Import for 2024

When considering a compact SUV, it’s essential to compare offerings from both domestic and international car manufacturers. This helps make a well-informed choice, striking the right balance between performance, space, efficiency and value. Today, we compare the 2024 Chevrolet Equinox, 2023 Ford Escape, 2023 Toyota RAV4 and the 2024 Honda CR-V.

Performance and Efficiency

2024 Chevrolet Equinox:

Engine: Turbocharged Gas I4, producing 175 hp @ 5800 RPM and 203 lb-ft torque between 2000-4000 RPM.

Fuel Efficiency: EnerGuide Estimate for the highway is 7.9 L/100 km.

Emissions: 207 G/km of CO2.

Transmission: 6-speed automatic.

2023 Ford Escape:

Engine: Intercooled Turbo Premium Unleaded I-3, delivering 180 hp @ 6000 RPM and 199 lb-ft torque @ 3000 RPM.

Fuel Efficiency: EnerGuide Estimate for the highway is 6.9 l/100 km.

Emissions: 197 G/km of CO2.

Transmission: 8-speed automatic with OD.

2023 Toyota RAV4:

Engine: 2.5 Litre, 4-Cylinder, DOHC with Dual Variable Valve Timing, generating 203 hp @ 6,600 rpm and 184 lb-ft torque.

Fuel Efficiency: EnerGuide Estimate for the highway is 6.3 L/100 km.

Emissions: Not Available.

Transmission: CVT with OD.

2024 Honda CR-V:

Engine: Intercooled Turbo Regular Unleaded I-4, 190 hp @ 6000 RPM and 179 lb-ft torque @ 1700 RPM.

Fuel Efficiency: EnerGuide Estimate for the highway is 7.6 L/100 km (estimated).

Emissions: Not Available.

Transmission: CVT with OD.


Interior and Comfort


Both the Ford Escape and Chevrolet Equinox impress with their spacious interiors, boasting passenger volumes of 104 ft³ and 103.5 ft³, respectively. On the other hand, the Toyota RAV4 provides a slightly more compact ambiance with 98.9 ft³, while the Honda CR-V matches the Equinox and the Escape with 103.5 ft³.

Cargo and Utility

Regarding space, the Honda CR-V leads the pack with a sizable cargo volume of 39.3 ft³ up to the second seat. Following closely are the Ford Escape at 37.5 ft³ and the Toyota RAV4 at 37.4 ft³. The Chevrolet Equinox offers slightly lesser space at 29.9 ft³.

As for towing capacities, the Ford Escape comes out on top with a capacity of 2000 lbs. The RAV4 and CR-V follow with 1750 lbs and 1499 lbs, respectively. The Equinox’s towing capacity remains unspecified.

Incentives & Financing

Incentives and financing options can make a significant difference in your purchasing decision:

2024 Chevrolet Equinox: Finance incentives range between 5.49%-6.19% for 36 to 84 months. Lease incentives are at 8.9% for 24 to 60 months.

2023 Ford Escape: Finance incentives span from 1.99% to 3.99% for 36 to 84 months, and lease incentives are set at 3.99% for 24 to 60 months.

2023 Toyota RAV4: Finance incentives begin at 7.29%, going up to 7.79% for 24 to 84 months. Lease incentives range from 6.29%-8.39% for 24 to 60 months.

2024 Honda CR-V: Standard financing and lease rates are applicable.

It should be obvious that the interest rate assigned to your finance or lease agreement is going to impact your monthly payments in a very significant way. Click on the name of each of these vehicles to check out the latest offers available at CarCostCanada®.


Concluding Thoughts

Each SUV in this comparison brings a unique set of attributes. While the Chevrolet Equinox and Ford Escape shine with their spacious interiors and robust performance, the Toyota RAV4 stands out for its unmatched fuel efficiency. The Honda CR-V, on the other hand, offers a harmonious blend of performance and space.

Your final choice should reflect which attributes align best with your needs and preferences.

🔗 Delve further into each model’s specifics:

Honda CR-V

Toyota RAV4

Ford Escape

Chevrolet Equinox

🔗 For a more detailed look at pricing and the latest incentives, visit Car Cost Canada’s website.