A refined contender among small luxury crossover SUVs, the 2018 Buick Envision is well worth a second look. Despite its somewhat generic exterior styling, it’s equipped with a generous wish list of features, with an upscale interior trimmed in high-quality materials. Slotting between the compact Encore and the three-row Enclave in the Buick portfolio, with decent amounts of cabin room and cargo space, this two-row crossover SUV is always a popular choice on the Laneway Auto Loans & Sales Used Car Lot.
Great Value for Money
Quiet, comfortable, and less eye-catching than some of its competitors, the 2018 Buick Envision Premium AWD delivers a lot of bang for a very reasonable buck. Churning out 252 hp and 260 lb-ft, its turbocharged 2.0-liter engine is a great fit for this small SUV, delivering fuel economy of 8.6 – 11.8 City/ highway combined. All Envisions are fitted with six-speed automatic transmission. Trim upgrades include 19-inch wheels, [...]
Few people can afford to pay cash for a car, even second-hand. This means joining the 84% of Canadians who are paying off their rides in instalments. When deciding on how to finance their second-largest lifetime purchases (after only their homes), smart buyers consider their loan options very carefully.
Depending on their personal situations, taking out a loan from a bank or a dealership could have very different financial consequences over the years ahead. Here’s a quick guide on the pros and cons of each option, and which one might be right for you.
Financing through a bank or credit union usually involves applying for a pre-approved loan. Once your application is accepted, the lender issues a letter of commitment that you can to the dealer, once you’ve found the vehicle of your choice. This is a great time saver, as the entire deal can [...]
When you take out a loan to pay for a new or used car, you don’t actually own your wheels until the loan is fully paid off, together with all its ancillary charges. So if it’s stolen or damaged, you could be held liable for paying it off entirely, if it’s not covered by insurance.
That’s why most reputable lenders require you to present proof of full coverage before you drive out the door, as they must protect their investments by insisting on total protection for the vehicles they finance. From time to time, they’ll also check that you’re still carrying full coverage on your financed vehicle, until your loan is fully paid off. This is because liability insurance covers only damages to another driver, with no compensation for damage to yourself or your own vehicle.
Five times more likely to take out long-term auto loans than Americans, Canadians are buying more cars than ever – but taking longer to pay them off. Today, well over half of all new car loans are financed over seven years, or even longer. Well aware that the old industry standard of sixty months is vanishing, Laneway Auto helps consumers cram fancier rides into tighter budgets. This shows how the old industry standard of sixty months is being stretched out by consumers determined to cram fancier rides into tighter budgets.
According to automotive expert Robert Karwel, who works for market research firm J.D. Power, “long-term financing has exploded in Canada.” The problem is that seven, eight, or even nine years are very long terms for paying off assets that are steadily depreciating in value while becoming more expensive in terms of upkeep and repairs.
Not everyone dreams of a brand-new car. Many drivers prefer to buy relatively new second-hand models at lower prices and with easier consumer financing. As a useful costly option between under-warranty new and buyer-risk second-hand cars, some dealerships offer certified pre-owned vehicles.
Typically less than five years old and with 800,000 kms on the odometer, these smart buys are often trade-ins from lease customers upgrading to a new model. This is a great choice for anyone wanting all the advantages of a used-car, without too many of the drawbacks.
Used Car Financing Options
Generally speaking, there are two ways for Canadians to finance better-quality used cars with less than 80,000 kilometres on the clock, and under ten years old. The easiest way is through the car dealership, or else through a bank, particularly for account-holders.
Either way, auto financing approval depends heavily on your credit history. However, auto financing is basically available to [...]
It’s hard to believe, but the Nissan Micra has been around now for three decades. One of its models was voted Car of the Year, way back in 1993, so it has a lengthy pedigree underpinning its renowned reliability.
Designed as a low-cost world car from 2013 onwards, it proved a hot favourite in emerging markets. For easy driving, it rivals other long-term top sellers like the Renault Clio, the Vauxhall Corsa, and the Ford Fiesta.
Distinctive, efficient and light to handle, the Micra was sold in 160 different countries, making it a real international hit. Its manufacturing history is just as cosmopolitan. Initially built in Japan and the UK, Micras have been built at the second factory in India since 2010.
With a bold design, it sits on the Nissan V Platform. In turn, this is a development of the Nissan-Renault B Platform that once supported earlier generations of the [...]
Famed for being environmentally friendly, electric vehicles are also becoming the best friends of your wallet. However, it’s not easy to dump the gas-fuelled mindset that fuelled the expansion of the auto industry for well over a hundred years.
That’s why New Brunswick is actively encouraging its residents to take the leap and invest in electric vehicles. These steps range from tax credit incentives to steadily expanding network of charging stations. This means borrowing less to finance EV purchases, often under special conditions.
Are you Worried about Charging your EV?
A huge country famed for its wide-open spaces, Canada is driving ahead steadily towards its 2035 zero-emission target for light-duty vehicles. Notable for its progressive stance, New Brunswick stands out among Canada’s provinces for its electric vehicle charging station network.
With only some 65 kilometers between each charging station, and more than 200 service points, drivers can top up their electric vehicles easily, [...]
One of those rare designs that are just as much fun to drive both on and off the pavement, the 2019 Jeep Cherokee Trailhawk 4WD is a great choice for all-round comfort. A smooth and well-balanced ride that’s quieter than many of its peers, its fast and accurate steering can handle even the sharpest turns with effortless precision.
Off-road, the Trailhawk really delivers the goods, particularly over ground that is rougher than the average country place driveway. Although lacking the heavy-duty axles and generous ground clearance of the noisier and choppier Wrangler, the Cherokee is a better choice for drivers following trails rather than setting out on cross-country adventures.
The simplicity of its off-road settings means it’s easy to switch between road mode and rougher rides. Drive modes are quickly selected by just spinning a dial or pressing buttons, with terrain response settings for sport, snow, mud, sand, or rock.
The elegantly angular lines of the 2020 Elantra Limited follow in the footsteps of its hugely successful 2019 model. The marque’s top-seller that year, this compact sedan is becoming a golden goose for Hyundai.
While sticking to largely the same working formula, the main differences in the 2020 models are mechanical. Both automatic and six-speed manual transmissions are replaced by Hyundai’s innovative continuously variable transmission.
For buyers concerned with maintenance costs, an outstanding advantage of the Hyundai Elantra range is its ten-year or 100,000-mile powertrain warranty. Practical but unexciting, this could save them thousands of dollars over the course of a decade.
Far lower than Canada’s comparatively high average fuel consumption of 8.6 Leg/100 km, the SEL, Value, and Limited models post a budget-friendly 6.5 Leg/100 km. All are fitted with the same four-cylinder 2.0 L engine, rated at 132 pound-feet of torque, with a useful 147 hp.
All about affordability, the 2019 Nissan Sentra S is a smart choice for buyers seeking an economic but reliable used car for driving around town. Featuring a honeycomb grille with a metal V-frame, its design leans towards sporty and aerodynamic, enhanced by halogen headlights.
Safe and Practical
With a reliability rating of 4.0 out of 5.0, it ranks fourteenth in the compact segment. Among the more sensible compact cars, it’s straightforward to drive, with a smooth and comfortable ride, particularly in urban areas. Its user-friendly controls are intuitive, with no need to navigate hi-tech interfaces.
Overall, the 2019 Nissan Sentra S has a great safety track record. Rated as Good in almost every category for 2019, the IIHS ranked its 2018 predecessor as a Top Safety Pick. Optional safety features include adaptive cruise control and a blind-spot monitor with a rear cross-traffic alert.