I've been calling and emailing some dealerships in my area and these guys are much more aggressive than they were a year ago. Some are willing to come down 600 and 700 off MSRP plus some accessories such as hood deflectors and waived admin and etching fees. Still not a lot off MSRP but definitely better than a year ago. I can only imagine the deals on leftover 09's. Great time to buy for sure.
The economic situation in Ontario is so much worse than Saskatchewan that even high volume Toyota dealers are suffering and really willing to deal right now. I wouldn't be surprised if even $800 off a 2010 would be accepted. A little profit is better than none.
Well, I actually fell quite a bit short on my trade-in, as expected, so I ended up paying more that the discounted price. The MSRP on the sticker was about $20600 (can't remember the exact number) and the actual price of the car was $16804 plus tax, license, negative equity for the trade, etc.
If you are getting $4000 off on the new car, they get you back on the trade. As well they take into consideration what profits they will make on the extras. Its all in the bottom line for them as well as it is for you. Then there are the sneaky tricks that some dealers pull. You are suppose to get 3 keys with your car, 2 with the built in trunk and door opener and one that is just a regular key with a electronic engine imobilizer chip. Some dealers will hold back that third key and try to sell it to you for $80 ( that is the cost of replacement if you have lost it )
What were you trading in? Why wouldn't they give you what it was worth or was it too new?
They did give me what it was worth. I just owed a lot more than the KBB trade in value. It was a 2008 Honda CR-V. They did knock off even a little more than KBB value because of how new it was and "market conditions." It wasn't too bad though. I made them call the Honda dealership and get a buy.
They did give me what it was worth. I just owed a lot more than the KBB trade in value. It was a 2008 Honda CR-V. They did knock off even a little more than KBB value because of how new it was and "market conditions." It wasn't too bad though. I made them call the Honda dealership and get a buy.
Why would they knock off more value because of how new it is? I can see the "market conditions" story but shouldn't the newness get you a little more?
Vancouver has seen a lot of the "Froth" the greatest increase in house prices etc in Canada : it's kinda like the last cylinder in a long inline Engine to suffer fuel starvation, hold on a bit and fasten your Safety Belt.
Why would they knock off more value because of how new it is? I can see the "market conditions" story but shouldn't the newness get you a little more?
The age was affected by the market conditions. I guess Honda was running rebates on the 2009's, so you obviously couldn't sell a 2008 for the same price or more than a 2009, so in effect, your trade in value decreases. That is one of the reasons that GMC and Ford products have such horrible trade in values. They always end up giving huge rebates, reducing trade in values.
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