Recession car deals

[ragu]

Originally posted by heavyD
I'm finding whether it's real estate, automobiles, etc there aren't nearly the deals you would expect in this recession. This doesn't compare in any way to a lot of the US in 2008.

^Agreed. Even though several indicators are riskier - higher debt, more delinquencies etc etc.

[Darkane]

The Ontario ram deal was spectacular. Wish it was here

[ercchry]

Originally posted by Darkane
The Ontario ram deal was spectacular. Wish it was here

Yeah, little restrictive though. Talked with a rep out there and you not only have to be an Ontario resident.. but you had to either be trading in a truck, or been a verifiable tradesperson (ie. red seal/bonded contractor) and had to be a personal lease, not business

[Aleks]

Originally posted by Darkane
The Ontario ram deal was spectacular. Wish it was here

If you own a truck (don't have to trade in) the deal here is around $220/month with about the same money up front as in Ontario deal. The V6 adds only about $10/month. I believe Varsity was the dealer mentioned that was on board.

[ercchry]

^^^ sure wasn't renfrew. Best they could of done was $450

[Sugarphreak]

...

[roll_over]

As for the old topic of dealers poaching all the recession deals and then selling for more, here’s a decent example I just stumbled across:

Listed for $9500, definitely purchased for $9000 or less
http://www.kijiji.ca/v-cars-trucks/c...ationFlag=true

Back up for sale at $12900
http://www.kijiji.ca/v-cars-trucks/c...ationFlag=true

[austic]

Originally posted by heavyD
I'm finding whether it's real estate, automobiles, etc there aren't nearly the deals you would expect in this recession. This doesn't compare in any way to a lot of the US in 2008.

I have been hoping to snag some deals on the upper end luxury cars that just haven't been there.

10% unemployment yet no one seems to be selling.

[JohnnyHockey]

It's like I been saying all along...there's still A LOT of gainfully employed people here and those who got laid off, a lot of them were well prepared...

News report a couple days ago said Calgary still has the highest employment rate..

[yipb]

This looks like a hell of a deal to me (assuming clean title), what do you guys think?

http://www.kijiji.ca/v-cars-trucks/c...c-f/1214417046

[ercchry]

Originally posted by yipb
This looks like a hell of a deal to me (assuming clean title), what do you guys think?

http://www.kijiji.ca/v-cars-trucks/c...c-f/1214417046

Either he hasn't explained the deal very well... or he wants you to pay him his down payment and you have a shitty 12k kms/year lease for the equivalent of $1200/month

[roopi]

Originally posted by ercchry


Either he hasn't explained the deal very well... or he wants you to pay him his down payment and you have a shitty 12k kms/year lease for the equivalent of $1200/month

Yes he wants some sort of payment.

[TomcoPDR]

Originally posted by roopi


Yes he wants some sort of payment.

Maybe it's updated better now. Says $15,000 downpayment

[yipb]

Originally posted by roopi


Yes he wants some sort of payment.

Originally posted by TomcoPDR


Maybe it's updated better now. Says $15,000 downpayment

Ah thanks for double checking, I misinterpreted the ad. The $15,000 down payment was there the entire time, but I just assumed that was the amount he put in.

Was thinking 27x$650 + $40,000 is a crazy deal haha

[benyl]

Originally posted by ercchry


Either he hasn't explained the deal very well... or he wants you to pay him his down payment and you have a shitty 12k kms/year lease for the equivalent of $1200/month

Considering it's not the track pack or whatever and I know for a fact that you could get one for $1100ish a month with zero down (almost got one), this car is a recession rip off, not a deal.

[beyond_ban]

Originally posted by yipb



Ah thanks for double checking, I misinterpreted the ad. The $15,000 down payment was there the entire time, but I just assumed that was the amount he put in.

Was thinking 27x$650 + $40,000 is a crazy deal haha

Originally posted by benyl


Considering it's not the track pack or whatever and I know for a fact that you could get one for $1100ish a month with zero down (almost got one), this car is a recession rip off, not a deal.

He put $15k down, and is wanting around $12k back (shot him a quick message). How much would you offer him so that it is considered a good deal?

[dirtsniffer]

0-5000?

[bjstare]

Originally posted by beyond_ban





He put $15k down, and is wanting around $12k back (shot him a quick message). How much would you offer him so that it is considered a good deal?

Nothing. 12k km/yr is brutal.

[beyond_ban]

Originally posted by cjblair


Nothing. 12k km/yr is brutal.

With 27 payments remaining and a $40k buyout option, the car could be had for $57550 if he ate his entire deposit. That would be a great deal as this is probably worth around $70-75k market value.

[bjstare]

Originally posted by beyond_ban


With 27 payments remaining and a $40k buyout option, the car could be had for $57550 if he ate his entire deposit. That would be a great deal as this is probably worth around $70-75k market value.

Right. But since he won't eat his entire deposit, and looking at it from my point of view I'm going to put on 20-30k/yr, it becomes an awful deal.

Not saying it wouldn't work for someone, just wouldn't work for me