Does owning a PHEV actually save you money?

With fuel prices rising, and 21 PHEV (Plug-In Hybrid Electric Vehicles) models currently being made, and sold in Canada many drivers have started considering making the switch to a greener vehicle- even if they aren’t ready to go fully electric for range and affordability concerns. 

While Plug-In Hybrids are typically priced much more competitively than Battery Electric Vehicles (BEVs) they still come with a higher MSRP than traditional internal combustion engines (ICEs). So does the fuel savings really pay for itself? 

We took a look at the most popular PHEV on the market in Canada today: 

The Mitsubishi Outlander PHEV and compared it to its Gasoline counterpart the Mitsubishi Outlander to check out the difference.

2022 Mitsubishi Outlander SE S-AWC MSRP $34,648.00

The 2022 Mitsubishi Outlander SE S-AWC CVT starts at an MSRP (Manufacturer’s Suggested Retail Price) of $34,648.00 and gets a combined fuel economy of 8.9 L/100km (city 9.7 L/100km, highway 8.9 L/100km)

2022 Mitsubishi Outlander SE S-AWC MSRP $44,198.00

The 2022 Mitsubishi Outlander PHEV SE S-AWC starts at an MSRP (Manufacturer’s Suggested Retail Price) of $44,198.00 and gets a fuel economy equivalent of 3.18L /100km

With the average Vancouver Island driver travelling 25000km per year in their vehicle- assuming the price of gas stays around $1.99 per liter- you’ll spend $1582.04 on fuel in a year driving the PHEV (with overnight home charging) compared to $4427.73 driving the Gasoline Outlander. That’s a difference of $2845.00 each year.

What that means for cash buyers is that it will take 4 years of driving to make up the difference in MSRP in fuel savings- provided you don’t take advantage of federal iZEV incentives or provincial rebates – which could cut this time in half.

For finance buyers this could save you money in the first year, while the 2022 Mitsubishi Outlander PHEV SE S-AWC starts at $315.38 biweekly for 84 months at 2.99% and the 2022 Mitsubishi Outlander SE S-AWC CVT at $263.25 biweekly for 84 months at 4.5%- in a year (including fuel) you’ll spend $11,272.23 driving the ICE Outlander compared to $9781.92 in the PHEV.

Assuming you keep your vehicle for the duration of your financing the PHEV will have saved you almost $20,000 dollars in fuel (spending $11,074.30 with the PHEV and $30,994.12 on the Gasoline only)

No matter what type of vehicle you’re shopping for, VIDrives has options that will work for your lifestyle, needs and budget- with a team to help you every step of the way to make the process easy. Get Pre-Approved today and get driving tomorrow.

How to make your brake pads last longer.

Replacing your brake pads is something that you’re most likely going to have to do if you own a car for over four years. Brakes pads aren’t cheap to replace so if you can get an extra year or two out of them before needing to replace them, you should try. Here are a few tips that may help you do just that!

Don’t “two foot” your pedals

If you tend to tap your brake pedal with your left foot while still keeping your right foot on the accelerator, this is a bad habit. It leads to more “brake taps” which don’t’ really do anything to stop your car, and cause premature wear.

Slow your speed

When it comes to braking, full and complete stops from a high speed are absolutely the #1 cause of premature brake pad wear. Speed causes wear on brake pads exponentially – that is, coming to a full stop from 105 kph rather than 85 kph forces the brakes to dissipate 33% more energy.

Coast when you can

Consider paying more attention to the flow of traffic, and stopped or slowed-down cars that are ahead of you, and coast whenever you can to lower your speed – as opposed to braking.

Hills are a great example of this. If you’re riding your brakes down a hill, this can wear them out very quickly. Instead- don’t accelerate at all and lightly tap the brakes when necessary

Don’t hurry to stop

This advice will help you save on gas, as well as on brake wear and tear. Is there a red light or a stop sign coming up? Start coasting and slowing down!

There is absolutely no reason to step on the gas and “hurry up to stop” when the cars ahead of you are clearly not moving. All you’ll do is waste fuel – and when you do have to stop, you’ll put excessive wear and tear on your brake pads.

Consider a Brake Service

A brake service can extend the life of your brakes and save you money over time.

Have your regular mechanic inspect your brake fluid, and flush if necessary. Many shops offer a service to remove the wheels and disassemble the brakes and clean and lubricate all components- preventing just and excessive wear and tear.

road trip snakcs

Best Road Trip Snacks

🍽️With spring and summertime road trip season on the horizon- we know a lot of people will be on spontaneous road trips or planning for upcoming road trips– so we thought it might be fun to put together a list of some road-trip-friendly snacks!

What makes a good road trip snack?

  1. Satisfying: but not heavy, We think a good road trip snack will give you the energy to keep going to your destination without being too heavy, or a full meal. For example- think energy bar instead of chocolate bar.
  2. Mess Free: A good road trip snack won’t leave crumbs, sauce, or a ton of garbage all over your car. This could mean choosing to put your leftovers in a wrap, instead of right out of the tupperware.
  3. Easy to Eat: This one is pretty common sense, but it’s easy to overlook. Make sure your road trip snacks still allow you to focus on the road- you shouldn’t have to use both hands, look away for the road or remember cutlery. ie. choosing Finger Foods like veggies and dip instead of a salad.
  4. Healthy-ish: Okay, they don’t have to be healthy- but your road trip snacks shouldn’t make you feel sick, sluggish or moody. Avoid excessively salty, greasy, or sugary snacks- especially in large quantities. That doesn’t mean you have to meal prep for your road trip, just that when you grab candy- maybe grab some nuts or veggies as well!

Best Savory Snacks

Not everyone has a sweet tooth, and even if you do- candy gets old and it’s great to mix in something salty, more satisfying or savoury. These are our top 3 picks for a savoury road trip snack:

Beef jerky, pepperoni, and other meat snacks

A lot of meat is ill-suited for eating in the car. Dried and cured meats are an exception. Pepperoni sticks or beef jerky are car ride classics- or your grocery store’s deli section might offer a single serve prepared meat and cheese tray. One of our favourites are the Schneiders Snack Kits

Trail mix or nuts

Healthy and satiating, this pick is getting you from A to B with energy because they’re a great source of fat, fiber, vitamins and protein. If you have allergies- try making your own trail mix with things like dried fruits (raisins, craisins etc.) sunflower or pumpkin seeds, and something fun like chocolate chips or smarties. For Pistachio lovers, why not try a resealable package of shelled pistachios like the ones from Wonderful Pistachios for easier eating and to cut down on mess!

Pringles or Popcorn

Don’t get us wrong, we love all chips- and others could be a great choice too. But for a road trip, The resealable container makes Pringles a great one-hand-snack with minimal mess. If pringles aren’t your speed, maybe try a resealable bag of popcorn, or bring a chip clip with you to keep your chips fresh, mess free, and more easy to share.

Best Sweet Snacks

Long drives can get tedious, and tiring. A sweet treat can be the perfect solution for a quick pick me up to keep your blood sugar where it needs to be and keep you and your passengers from getting grumpy. Here are our top 3 picks for a sweet road trip snack:


What is a road trip if it’s not a chance to treat yourself to everyone’s favourite gas station snack- candy. Discuss with your road trip buddies to find out what your favourite candies are- If they’re the same you can grab a big resealable bag to share, if they’re different, opt for several smaller bags or a variety like the Koala King Cone or Haribo Star Mix which are available at most gas stations and grocery stores.


We know it’s technically Candy too, but there’s something a bit different about chocolate. As an added bonus- this can be a great opportunity to repurpose your leftover holiday chocolate if you have some mini Halloween bars, Easter Eggs, Valentines day treats or anything else you’ve been slowly working on. Chocolate comes with individual wrappers usually- so try to keep your shopping bag to keep your garbage in to avoid a messy car.

Baked Goods

Whether you do your own baking, buy things like muffins or pastries when you’re grocery shopping or decide to grab a donut when you stop for coffee on the trip- these are always an easy one hand snack (as long as you watch out for crumbs). Baked goods are a great option as a sweet treat that offers just a little more sustenance than candy or chocolate.

Best Healthy(er) Snacks

Road trips, especially long distance road trips are exhausting, and foods that are too salty, sugary or greasy (like the ones you get in a drive-thru) can make you feel even worse. Here are top 3 Healthy Road trip snacks:

Sandwiches (or wraps)

Sandwiches are a great road trip snack because they’re filling- but not too heavy and as a bonus you can eat them with one hand. The trick is that they just straddle the line between a snack and a meal. To avoid crumbs and mess, eat your sandwich holding it from the bag you packed it in- or choose packaged sandwiches from the deli section of your grocery store. If sandwiches are a little too much food for you, choosing a wrap might make it a bit lighter, plus they’re a bit easier to eat without a mess.

Fruits and Veggies

Fruits and veggies are a refreshing and wholesome choice to snack on during your long road trips. The easiest options are things like baby carrots, cherry tomatoes, snap peas, grapes, cherries, and bananas. Another easy option is grabbing a small fruit or veggie tray from a grocery store as they’re resealable and easy and ready to eat.

Snack Bars

The most convenient way to choose a healthier option on a road trip are grabbing some individual snack bars, or a small pack. For something filling and satisfying- opt for protein and energy bars, For something quick and easy- pick up some granola bars. There are so many options with so many flavours and that helps snack bars be an easy and healthy alternative to heavier snacks or sweet treats like chocolate and baked goods.

𝙍𝙤𝙖𝙙 𝙩𝙧𝙞𝙥𝙨 𝙖𝙧𝙚 𝙢𝙤𝙧𝙚 𝙛𝙪𝙣 𝙞𝙣 𝙖 𝙫𝙚𝙝𝙞𝙘𝙡𝙚 𝙮𝙤𝙪 𝙡𝙤𝙫𝙚, 𝙂𝙚𝙩 𝙋𝙧𝙚-𝘼𝙥𝙥𝙧𝙤𝙫𝙚𝙙 𝙖𝙣𝙙 𝙨𝙩𝙖𝙧𝙩 𝙙𝙧𝙞𝙫𝙞𝙣𝙜 𝙖 𝙣𝙚𝙬 𝙖𝙣𝙙 𝙖𝙢𝙖𝙯𝙞𝙣𝙜 𝙫𝙚𝙝𝙞𝙘𝙡𝙚 𝙩𝙤𝙢𝙤𝙧𝙧𝙤𝙬 𝙖𝙩

Monthly, Semi-Monthly and Bi-Weekly- what is the difference?

There are 3 main types of payment schedules: 𝐌𝐨𝐧𝐭𝐡𝐥𝐲, 𝐒𝐞𝐦𝐢-𝐌𝐨𝐧𝐭𝐡𝐥𝐲, 𝐚𝐧𝐝 𝐁𝐢-𝐖𝐞𝐞𝐤𝐥𝐲 and it’s hard to know which type work’s best for you!

Choosing a payment schedule that doesn’t work for you can leave you with little room in your budget to enjoy your life, or lead to missed payments and ruin your credit.

That’s why VIDrives works with you to find the best financing solution so you can get into a great car, without being Car Poor!

What are my payment schedule options?

VIDrives partners with lenders who offer Bi-Weekly, Monthly, and Semi-Monthly Payments.

Our financial specialists are available to help you find a payment, and a schedule that works with your other bills.

What is a Bi-Weekly payment?

Bi-Weekly payments are made every two weeks, for a total of 26 payments per year- which is the same as 1 extra monthly payment or 2 extra semi-monthly payments per year.

These extra payments mean that you’ll pay off your vehicle faster, and pay less interest over the duration of the loan- as these extra payments are applied directly to the principal.

Additionally, these payments are generally lower, as there are more of them per year.

What is a Monthly payment?

A monthly payment schedule is exactly what it sounds like. One payment is made each month, usually on the same date. Twelve payments are made per year.

What is a Semi-Monthly Payment?

Semi-Monthly usually means that two payments are made each month. Many people stick with the traditional 1st and 15th of the month- but it’s possible to choose other dates if they make more sense for you financially. Twenty four payments are made per year.

Should I choose Bi-Weekly or Semi-Monthly?

Semi Monthly payments might work better for someone who is paid Semi-Monthly. That way you would make your payments on the same day’s you get paid, instead of having to make multiple payments on the same cheque.

If you’re paid Bi-Weekly, you can set up your payments to come out the same day as your paycheques come in- and this structure of payments may work better for you.

Should I choose a Monthly Payment Schedule?

Monthly payments might work best for someone who is working around other payments schedules. For example, if your bills all come out on the same day, you may not be left with much money to get through to your next paycheque- so a monthly payment that comes out on the 15th, instead of the 1st might work best for you.

Get pre-approved and start driving today:

Debt Consolidation FAQs

Debt consolidation can be an excellent way to pay off high interest debt, improve your credit score, and help save you money!

What is Debt Consolidation?

Debt consolidation refers to the act of taking out a new loan to pay off other liabilities and consumer debts, usually with more favourable terms such as a lower payment, lower interest rate- or both!

How can I get a lower payment and interest rate if I’m taking out a bigger loan?

If you’ve been paying off higher interest loans and debts for a while, your credit score has likely improved- and finance rates are lower now than they’ve been in recent years- making it an excellent time to take advantage of financing.

What can I use debt consolidation for?

Debt consolidation can be used as a tool to deal with a great deal of debts- Primary examples include student loan debt, credit cards, and other liabilities.

How can I consolidate my debt?

There are a few ways to consolidate your debt, but VIDrives recommends doing it with a vehicle loan. An auto loan is a secured consolidation which makes it easier to obtain, and allows you access to lower interest rates, lower payments, and longer terms- which allows you to pay off your debts sooner. Either by dropping your payment and allowing more of your income to go towards paying off debts, or a lower interest rate- allowing more of your payment to go toward the principal of your debt.

To help understand your debt better- check out other posts on

Credit FAQ’s

𝗖𝗿𝗲𝗱𝗶𝘁 𝗤𝘂𝗲𝘀𝘁𝗶𝗼𝗻𝘀? 𝗩𝗜𝗗𝗿𝗶𝘃𝗲𝘀 𝗵𝗮𝘀 𝘆𝗼𝘂 𝗰𝗼𝘃𝗲𝗿𝗲𝗱!
𝗪𝗲 𝗵𝗮𝘃𝗲 𝗮𝗻𝘀𝘄𝗲𝗿𝘀 (𝗮𝗻𝗱 𝘀𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀) 𝘁𝗼 𝗲𝘃𝗲𝗿𝘆 𝗾𝘂𝗲𝘀𝘁𝗶𝗼𝗻 𝘆𝗼𝘂 𝗺𝗶𝗴𝗵𝘁 𝗵𝗮𝘃𝗲 𝗮𝗯𝗼𝘂𝘁 𝗰𝗿𝗲𝗱𝗶𝘁!

What is Credit?

Credit is the ability to borrow money or access goods or services with the understanding that you’ll pay later.

Lenders, merchants and service providers (known collectively as creditors) grant credit based on their confidence you can be trusted to pay back what you borrowed, along with any finance charges that may apply.

What does my credit score mean?

Creditors often use a three-digit number known as a credit score as the first step in deciding whether or not to issue credit.

Your credit score distills the information on your credit reports to something that’s easy to interpret, and does so in a fair way that minimizes the possibility of bias.

What is in my credit report?

Information in your credit report includes:

  • The number of credit card accounts you have, their borrowing limits and current outstanding balances
  • The amounts of any loans you’ve taken out and how much of them you’ve paid back
  • Monthly payments for your accounts were made on time, late or missed altogether
  • More severe financial setbacks (ie. mortgage foreclosures, car repossessions and bankruptcies)

Why do I need credit?

  • To borrow money for major purchases, such as a car or a home.
  • Landlords may check your credit when deciding if they’ll rent you an apartment.
  • Insurance companies may use your credit score as a factor in determining your premiums.
  • Utility companies may check your credit before deciding to let you open an account or borrow equipment.

How can I build my credit?

To start building credit you’ll need to get your first credit card, line of credit, or loan. Once you’ve done this.

  • always make your payments on time
  • make at least the minimum payment if you can’t pay the full amount that you owe
  • contact the lender right away if you think you’ll have trouble paying a bill
  • don’t skip a payment even if a bill is in dispute

For more information on how to build your credit- check out our post 5 ways to build your credit at home.

What if I have Bad Credit, or No Credit?

No problem! At VIDrives our goal is to get you approved to finance a vehicle at the best interest rate possible- Regardless of Credit Score.

We also offer credit rebuild and credit building programs as multistep programs.

Visit us at to learn more.

5 Ways to improve your credit

Credit can be confusing, at VIDrives it is our goal to help our customers to empower our customers with information and the tools to improve their credit- while driving an amazing vehicle.

Here are some quick tips to help you increase your credit score on your own!

𝗚𝗲𝘁 𝗮 𝗽𝗿𝗼𝗱𝘂𝗰𝘁 𝗼𝗳 𝗰𝗿𝗲𝗱𝗶𝘁

The only way to build up a credit score is to prove to lenders that you’re responsible and capable of paying back credit is to make sure you’re actively using a product of credit. This can be a credit card, line of credit, car payment, or a secured credit builder loan to name a few.

Keep your credit utilization around 30%

Being mindful about the amount of your credit utilized is the fastest way to improve your credit-

Your Credit Utilization Ratio makes up 30% of your Credit Score. Credit utilization ratio is the percent of your revolving credit that you have used on your credit card or line of credit. A maxed-out credit card would have credit utilization of 100%.

Minivan or SUV?

Minivan vs. SUV: the decision has haunted families for nearly a quarter-century. Each vehicle type has its perks and drawbacks, which is why an in-depth analysis of features (both standard and optional) becomes all the more necessary when choosing the best option for you. To help make the decision a little easier, this guide breaks down the main features to consider along with the best vehicle for different types of buyer.

Both vehicles can be comparable for passenger capacity, fuel economy, and comfortability– so what are the major differences?



👉Cheaper on Average

Generally, minivans — especially used models — tend to cost thousands less than SUVs on average. That’s not to say minivans can’t put a bite into your wallet. Fully loaded minivans with options such as an entertainment system, heated driver’s seat, and leather can easily go toe-to-toe with SUVs on pricing. Although the average minivan costs less (at least at the base model), watch out for those expensive features that can make the price skyrocket.

Conversely, SUVs have so many more options that finding one to fit your budget is an easier venture. Although more affordable models may not have the roominess of a minivan, they can still seat seven passengers while offering many of the same interior specs. And with a vast array of engine choices, 4WD or AWD, and perhaps a clear edge in styling, budget SUVs are becoming more popular with consumers.

👉More Cargo Space

If you have to grocery shop for a big family or you’re a perennial do-it-yourself homeowner, the minivan gives you more space for everything. The generous amount of space in a minivan lies not only in the large cargo area behind the third seat but also on the lower floors, which increases the amount of cubic feet you can accommodate. And when you throw in foldable second-row and third-row seats and stow-and-go seating, you have the versatility to fit just about anything, no matter how bulky.

The proverbial icing on the cake is dual sliding doors, which allow you to place cargo just how you want it. Plus, many minivans made within the last five years come with a standard or optional power liftgate. At the touch of a button, you can open the rear even if your hands are full of groceries, home improvement supplies, or kids.

If you don’t see yourself as a minivan owner but still want loads of cargo capacity, look for the Chevy Suburban large SUV. With 144 cubic feet of cargo space, the Suburban’s capacity eclipses even the most sizable minivan — the Chrysler Pacifica. 


👉Lower Tow Ratings (on average)

Typically, the most towing power you’ll get out of a minivan is 3,500 pounds. Conversely, the Ford Expedition can tow up to 9,300 pounds, rivaling even heavy-duty trucks.

👉Fewer options

There are only a few options for minivans available for Canadian drivers right now, The Toyota Sienna, Chrysler Pacifica, Grand Caravan, Honda Odyssey and Kia Carnival. Where nearly every manufacturer offers a few options for SUVs- with different specifications to meet your needs.


👉More choices (more models, drivetrains, and engine types available)

Sometimes, front-wheel drive or two-wheel drive just won’t cut it in the harsh Canadian winter, even with excellent winter tires. You need the rugged abilities of four-wheel drive (4WD) or the tough-weather grip of all-wheel drive (AWD). Until 2021, the Toyota Sienna was the only minivan to offer all-wheel drive when it was joined by the Chrysler Pacifica. This ushered in a new era of powertrain options for minivans, but the SUV still reigns supreme.

SUVs offer all three drivetrains on various trims, allowing you to choose between a commuter vehicle or a beast that can overcome insurmountable terrain thanks to either all AWD and 4WD. Moreover, compact, midsize, and large SUVs all tend to offer AWD or 4WD, giving you more choices for your style, needs, and budget.

Additionally, many SUVs now come with hybrid powertrains to appease the planet-saving force within you. The versatile Toyota Highlander Hybrid offers 7.8L/100km while the Mitsubishi Outlander PHEV boasts an all-electric range of up to 35 kilometers.

Other SUVs offer numerous gas-powered options that can provide straight-up power, more fuel efficiency, or a balance between the two. Several SUVs offer multiple powertrain options– like the Mistubishi outlander- available with a traditional Internal Combustion Engine, and a Plug-In Hybrid.

👉Better safety features on average

Every new vehicle in Canada has to go through a safety test administered by the Insurance Institute for Highway Safety (IIHS). Rated on a scale from one to five stars, this rating determines how safe a vehicle is. Based on this test, SUVs and minivans — on average — tend to fare the same.

As such, the real comparison comes down to safety features. While both vehicle types offer a comprehensive array of active (via camera and radar) and passive (air bags and traction control) safety features, SUVs typically have more to offer in terms of the breadth of their advanced safety systems.

👉Better Towing capacity on average

Whether you love to go off-road or need a workhorse to tow a camper or trailer, SUVs have the advantage. Unlike minivans, automakers manufacture SUVs to come in more specialized models. For example, the Ford Explorer pairs seven seats with the capability for off-roading thanks to higher ground clearance and larger tires while the Chevrolet Suburban offers brawn and raw power behind a 6.2-liter V-8.

The real advantage that SUVs have over minivans is that nearly all of them (crossovers aside) have superior towing capabilities.

👉Less cargo space on average

As mentioned above, minivans are often better equipped for storage solutions- with a few notable exceptions. If you opt for a minivan- you’ll still have plenty of room for grocery runs, sporting equipment etc. but for camping and longer road trips- you may want to look into additional storage accessories such as a rooftop cargo box, traditional roof racks, or bike racks.

👉Less legroom on average

Until about a decade ago, minivans always had more space for passengers, as they were designed for burgeoning families and practicality. But the popularity of SUVs for families continued to soar. To keep up with demand, manufacturers threw in an additional third row or rear seats. 

Although SUVs don’t offer the same amount of legroom, headroom, or shoulder room in their rows of seats, they can reasonably accommodate up to seven or eight passengers. Now, with the added versatility of different luxury features, sales of three-row SUVs continue to grow.

Most standard minivans without any options can haul seven passengers with the base model. But most consumers opt for the slightly nicer trims, which all tend to accommodate eight passengers with the notable exception of the Dodge Grand Caravan. However, most minivans come with second-row captain’s chairs, providing extra comfort for kids and passengers during road trips.

Whether you’re looking for an SUV or a minivan, VIDrives can help you find the best deal for you, your lifestyle, and your budget!

Get pre-approved today at