Last month, I wrote that Canada offered a better variety of financing plans, and this is a great example. The picture below is from a print advertisement for Oakville Honda. Back when we were setting up U.S. Equity, a dealer told me that the key to using biweekly was to highlight the low payment in his local Saturday newspaper. In the States, he could only do this by using a service such as ours.
Here, the dealer avails himself of a program from Honda Finance Canada, which takes an already subvented APR and spreads it over 104 biweekly payments. It makes a great ad, and they’re running it on TV, too.