Nearly 30,000 vehicle owners in Manitoba have already signed up for MPI’s new winter tire low-interest financing program.
“The overwhelming positive response confirms that Manitoba drivers make their road safety a priority,” said Minister Allum, minister responsible for Manitoba Public Insurance. “This low-interest winter tire financing program allowed Manitobans to equip their vehicles with snow tires, which offer a number of safety advantages.”
The program, which provids loans of up to 48 months at prime plus two per cent up to $2,000 per vehicle, launched last fall and has seen huge success. A decision will be made over the next few months to determine if the program will continue.
- The average length of a winter tire loan was 2.99 years
- The average purchase was $1,200
- At temperatures just below freezing on dry pavement winter tires have been shown to reduce stopping distances by as much as 30 per cent compared with all-seasons.
- Winter tires offer significantly better traction on snow-covered or icy road surfaces at temperatures well below -30°C than an all-season tire has at 4°C.
If you’re interested in the program, visit http://www.mpi.mb.ca/en/Rd-Safety/Winter-Tires/Pages/winter-tire-program-overview.aspx for a list of participating retailers.