Brian Smiley, media relations coordinator for MPI, said the average purchase of winter tires from Manitobans who are taking advantage of the program was about $1,200. The average length of the loan is three years, with a rate of prime plus 2 percent.
While the low-interest loan program for winter tires is a pilot project for MPI, it will be evaluated throughout the spring and summer months of this year.
“This program was designed to best assist Manitobans in their purchase of snow tires. The overwhelming success is reflective of this. MPI is committed to road safety and reducing both injuries and fatalities on our roadways,” Mr. Smiley said.