What are add-ons?

Add-Ons Definition: Add-ons refer to extra services added to a basic-level service, usually for an extra fee. Add-ons for cars could be tinted windows, heated seats, etc. An add-on for an insurance contract could mean that you can access additional customer service, such as rental car service in the event that your car is out of commission.

Business Add-ons: Add-ons are extra or additional shares issued by a public company or a corporation that’s already public. Companies issue these add-ons to pay off debt and fund expansion or developments within the business.

It’s also a way to fund new projects or branch into various markets or new product lines. Add-ons generate more funds from investors as an alternative to applying for a loan or a line of credit to invest in an expansion or new operations. This option is also important for companies needing increased cash flow or to cover current operating expenses, especially after suffering a loss or a slow economic period.

Jul 30 - Comparewise Car Loan Banner

Other car loan terms:

Car Loan Help Centre:

How to Save on Gas in Canada
What are the Distracted Driving Laws in Canada?
What is a Lease Takeover?
What is the Best Used SUV in Canada?
Coast Capital Savings
Smarter Loans
Family Tax Recovery
Tangerine Money-Back Credit Card
National Bank World Mastercard
CIBC Dividend Visa Infinite Card
KOHO Premium Prepaid Mastercard


Didn’t find the information you were looking for?

Send us your questions and we will get back to you.

Car loan?
Personal Loan?

Top deals await you just a short
application away!