In MB, what should I know about winter tires incentives (provincial) for car loans?

In Manitoba, the primary provincial incentive for winter tires is the Manitoba Public Insurance (MPI) Winter Tire Program. This initiative offers low-interest financing, up to $2,000 per vehicle, to help Manitobans purchase and install approved winter tires, including associated costs like rims, balancing, and taxes. It's important to note that this is a separate loan facilitated through MPI and participating lenders, designed to make winter tires more accessible. Unlike some private insurers in other Canadian provinces, MPI, as the sole insurer in Manitoba, does not currently offer a direct insurance premium discount for using winter tires.

For car loan applicants and owners in Manitoba, this program is highly relevant and beneficial. It allows you to equip your newly financed vehicle with essential winter safety equipment without a significant upfront cash outlay, which is particularly helpful when managing a new car payment and other associated costs in the current economic climate heading into 2025. By spreading the cost of winter tires over a manageable payment plan, it helps preserve your immediate liquidity and ensures your vehicle is safe and compliant for Manitoba's challenging winter conditions, protecting your investment and potentially reducing wear and tear. This proactive approach to vehicle maintenance is often viewed positively by lenders as it safeguards the collateral and demonstrates responsible ownership.