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Thread: Looking for a place to buy a good "just off lease" car.

  1. #1

    Looking for a place to buy a good "just off lease" car.

    I am helping out a friend, she is looking to buy or lease a car for under $300 per month. any suggestion, gentlemen?

  2. #2
    Registered User
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    Try AutoTrader.ca. You can pick the Model,YR,$,KM, even the search area. I personally prefer Ottawa/Gatineau for car shopping, since many "grossistes" can do the safety inspection for both provinces if you end up trans border shopping. Good luck.
    Shorter of breath...One day closer to death. Pink Floyd

  3. #3
    Registered User
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    Most new car dealers carry just off lease vehicules on their new car lots.

    Ronnie,
    Naughtylady
    They will forget what you said,
    they will forget what you did,
    but they will never forget the way you made them feel.

  4. #4

    Lease

    Check auto auctions in your area, also check the rental car companies sales divisions. Say what you will about buying rental cars, but their maintenence is usually very good. Dealers will also sell lease returns that they bought at auction on their used lots. Figure about 10 -15 % markup. If you are interested in leasing there are several books that will guide you through the process. Don't show up at the dealers just looking for a price you can afford, it's easy to stick you pretty good if you haven't done your home work. I used to sell/lease cars in a former very short life so, be careful out there. Lots of info on the web. cheers
    Last edited by nacho; 07-21-2006 at 09:07 PM.

  5. #5

    How to get into the auctions?

    I have heard that you can pay people that visit auctions frequently to look for a car for you, I believe that most of these guys charge abour $500 to locate a car and buy it for you at the auction.

  6. #6
    Registered User
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    An auto broker, yellow book i guess.

    As for leasing in general, its a bad idea. Best to outright buy the car, unless its an american car, then lease it because it will fall apart thereafter.

  7. #7
    Humonguous Member
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    Post A Honda/Toyoto Dealer

    Get a good car from a dealership with a good reputation (look up their names in www.toile.qc.ca & google.ca) that can be sued/brought to court if you feel at the wrong end of a deal.

    The only non-dealer I would trust right now is H Gregoire because he has much to lose, he (H Gregoire) will trade your car you don't like for another one, taking a loss, rather than getting bad publicity.

    A company such as ABC Inc I wouldn't trust, since they can kill their Incorporation, open a new one, and you can't sue them for whatever reason.

    Food for thought - used cars resell at a much higher markup than new cars. The extended warranties also are a strong money maker.

    That being said, my last two cars I was able to get free air-cond and new wheels without haggling the price. Both were 20$k+ cars, more haggling room than for a 10$k used.
    ...larger than ever
    ...but divorce had me lose weight...I can see the tip now!

  8. #8
    Humonguous Member
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    WI
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    How auctions work

    Many of these car auctions work on making profit with the difference in GST and PST. Example:

    Car is auctioned for original price of 10,000. Plus 13.95% taxes = 11,395.
    When you buy from someone like H Gregoire, they say they're giving you the auction price + 500$, right?

    They sell you 11,395 + 500$ + GST + PST, makes 13,554$.
    BUT it should have been sold to you for 10,000 + 500 + GST + PST, which should be 11,964$.

    So the reseller is making a SECRET 895$ PROFIT, not just 500$.
    It's legit, the contract you sign says you bought at 11,395 plus tax.

    The reseller will tell you a bogus story that the taxes at the auction were paid by him, so have to be paid by you, as they go to the gov't. Then a NEW sale requires NEW taxes.

    Be aware, it BS. The merchant reclaims the original taxes he paid every X months (usually 3) and only pays the gov't the DIFFERENCE between the highest sold price and the taxes he paid.

    A friend that works in that industry told me. Just like Oliver who has many many friends, some he hasn't even met yet
    ...larger than ever
    ...but divorce had me lose weight...I can see the tip now!

  9. #9

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