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Manitoba Offers Low-Interest Loans for Winter Tires

September 29, 2014 4:30 PM | News

By Tyler Sutherland

Winter TiresManitoba Public Insurance has rolled out a low-interest financing program for motorists to purchase winter tires.

The province says the program will provide loans up to 48 months in length at prime rate plus two percent for up to $2,000 per vehicle.

“We want Manitobans to be as safe as possible on the roads. This financing program provides another option to buy winter tires for people who otherwise may not make this road safety purchase,” said Justice Minister Andrew Swan, minister responsible for MPI. “Snow tires help you stop more quickly and reduce sliding on ice and snow, reducing the risk on the road during Manitoba’s challenging winter conditions.”

To be eligible for a loan, the applicant must be a MPI customer, purchase qualifying winter tires for a registered passenger vehicle or light truck, and not be subject to financing restrictions.

Potential applicants can find out if they quality for the program by visiting MPI’s website.