Let's not get too carried away.
The finance rate is 5%. But point taken.
my apologies, it's dropped since i last looked at it when it was 6.99% (although, now that i think about it, that was for 84 months).
Not doing the math on this but the cost between 0% and 5% over 5 years is substantial on a 40K-50K unit tax in. And, YES, essentially all new vehicles are financed. Even at 2%, one can earn more after tax in a Canadian Bank stock. More if they have TFSA room.
i'll do it...let's split the difference and do $45k all in...at 0% (Ford), the payment is $625/month for 72 months...at 5.09% (Toyota), the payment is $726.60/month for 72 months...just over $100/month higher payment, for 72 months...total interest is $7315.35.