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Thread: Recession car deals

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    Quote Originally Posted by mzdspd View Post
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    I had an ad pop up on facebook from don wheaton for a LEASE deal which I would consider recession deal, Nothing is on their website but i took a screen shot of the trail boss deal.

    2020 Trail Boss Silverado (custom) for 49 per week for 24 months and 2750 DP.. So works out to 326 per month..

    They also had 2020 Denali Duramax HD for like 700ish for same 24 months.. This must be for exporting to the US..
    This is a pretty common GM theme for export. A lot of dealers were also doing 6 month leases and then exporting as soon as the warranty is good cross border.

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    Quote Originally Posted by Twin_Cam_Turbo View Post
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    This is a pretty common GM theme for export. A lot of dealers were also doing 6 month leases and then exporting as soon as the warranty is good cross border.
    I'm on my second 6 month lease with GSL. 1500 Denali for the first one and Silverado High Country for my current one. Both were under $400 per month with small security deposit(1 month), first and last month payments and their doc fee.

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    Quote Originally Posted by npham View Post
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    I'm on my second 6 month lease with GSL. 1500 Denali for the first one and Silverado High Country for my current one. Both were under $400 per month with small security deposit(1 month), first and last month payments and their doc fee.
    I assume these are in house leases too? I used to work for GSL and still do a lot of business with them.

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    Anyone have a line on a Ford dealer doing this?
    Quote Originally Posted by killramos View Post
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    You realize you are talking to the guy who made his own furniture out of salad bowls right?

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    Quote Originally Posted by Twin_Cam_Turbo View Post
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    I assume these are in house leases too? I used to work for GSL and still do a lot of business with them.
    It's with Alberta Leaseco, with GSL being the dealership. Hopefully this answers your question.

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    Quote Originally Posted by pheoxs View Post
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    Yup as others have said. Commuting from your home office to your work office on a regular schedule is not something you can write-off. If you are going to a clients office (and which clients office changes periodically) then you can. But if you are contracting to XYZ company you can't count mileage from home to XYZ.
    To clarify.. I have a business registered to my home address (that the auto lease is under) that owns a percentage in another company, so I was told travelling between the two locations would count as a write off. Id be surprised if he was wrong, as this was only 2 months ago I went through it all.

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    Quote Originally Posted by npham View Post
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    I'm on my second 6 month lease with GSL. 1500 Denali for the first one and Silverado High Country for my current one. Both were under $400 per month with small security deposit(1 month), first and last month payments and their doc fee.
    Interesting, I didn't know they did such short term leases. Do you have to know someone there to get this or is it for public?
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    Quote Originally Posted by R-Audi View Post
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    To clarify.. I have a business registered to my home address (that the auto lease is under) that owns a percentage in another company, so I was told travelling between the two locations would count as a write off. Id be surprised if he was wrong, as this was only 2 months ago I went through it all.
    Hrm... so holding co holds lease? But aren’t you an employee under the other co?

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    Quote Originally Posted by asp integra View Post
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    Interesting, I didn't know they did such short term leases. Do you have to know someone there to get this or is it for public?
    Pretty sure it's open to the public. My guy there is Aaron. PM me if you want his cell.

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    Quote Originally Posted by npham View Post
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    Pretty sure it's open to the public. My guy there is Aaron. PM me if you want his cell.
    What are the mileage allowances like for a 6 month term?

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    Quote Originally Posted by ercchry View Post
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    Hrm... so holding co holds lease? But aren’t you an employee under the other co?
    Holding co (home based) owns percentage of the other company but I do also receive a paycheque from...I could be completely wrong on the auto lease, but I went through it a few months back with our accountant. He suggested this was the only way to include any sort of write off for my commute.

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    I would agree on that, but also don’t know what the complications are with being a shareholder but also an employee of the office you’re commuting to?

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    Quote Originally Posted by npham View Post
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    Pretty sure it's open to the public. My guy there is Aaron. PM me if you want his cell.
    Aaron is also a beyonder, I believe his username is Ukyo8. Alberta Leaseco is what I consider GSL’s in house lease company I guess.

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    Quote Originally Posted by npham View Post
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    I'm on my second 6 month lease with GSL. 1500 Denali for the first one and Silverado High Country for my current one. Both were under $400 per month with small security deposit(1 month), first and last month payments and their doc fee.
    So you are telling one can lease a $70K truck for less than $400/mth?

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    Quote Originally Posted by Xtrema View Post
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    So you are telling one can lease a $70K truck for less than $400/mth?
    At times you could lease $50K ATS4 2.0T's for $299/mo for only 2 years, $400/mo for a $70k vehicle is almost an exact porportional equivalent of that deal if GM is offering similar promotions.

    Aaron is a good guy, I would definitely recommend him if you need something from GM.
    Last edited by Mitsu3000gt; 12-06-2019 at 04:45 PM.

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    Quote Originally Posted by Mitsu3000gt View Post
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    At times you could lease $50K ATS4 2.0T's for $299/mo for only 2 years, $400/mo for a $70k vehicle is almost an exact porportional equivalent of that deal if GM is offering similar promotions.

    Aaron is a good guy, I would definitely recommend him if you need something from GM.
    My ATS lease was $228/month but only 12k/year.

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    Quote Originally Posted by Twin_Cam_Turbo View Post
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    My ATS lease was $228/month but only 12k/year.
    That's awesome, I didn't know they got that low. Actually makes $400/mo sound really expensive for a $70K vehicle Should only cost around $320/mo with the same proportions as your deal.

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    Quote Originally Posted by R-Audi View Post
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    To clarify.. I have a business registered to my home address (that the auto lease is under) that owns a percentage in another company, so I was told travelling between the two locations would count as a write off. Id be surprised if he was wrong, as this was only 2 months ago I went through it all.
    If you commute to the second business more than a couple times it would not be considered business kms. How the companies and vehicles are owned doesn’t really matter. It’s a pretty common case.

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    Mileage is 12,000 kms for 6 months, so pretty reasonable. I forgot there was a $1000 down payment, but still, the effective payment is still reasonable for how expensive the truck would normally be.

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    Quote Originally Posted by Prelude_dude View Post
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    Are these recession deals still a thing?

    We're looking at the 2019 Lexus NX300H - I see on the website that there is a 5k incentive right now. What is the chance of getting the price down even further?

    Lease rates are at 0.9% on a 40 month lease. We plan to keep the vehicle; is leasing worth it if we are keeping the vehicle?
    Where do you see the lease rate at 0.9%? I don't see it on Lexus of Calgary or Royal Oak website. I am interested at this offer as well.

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