Can anyone explain this?
#1
Rennlist Member
Thread Starter
Can anyone explain this?
I've got my car posted for sale so I'm spending more time poking around in Kijiji and Autotrader. Take a look at these 2 ads. Beautiful cars, almost new, for sale at used car lots. I guess my thinking is too narrow, but I have trouble seeing why/how cars like this wind up at these lots. Can somebody help broaden my thinking?
https://www.kijiji.ca/v-cars-trucks/...ationFlag=true
https://www.kijiji.ca/v-cars-trucks/city-of-toronto/2018-porsche-911-carrera-4s/1361496992?enableSearchNavigationFlag=true
https://www.kijiji.ca/v-cars-trucks/...ationFlag=true
https://www.kijiji.ca/v-cars-trucks/city-of-toronto/2018-porsche-911-carrera-4s/1361496992?enableSearchNavigationFlag=true
#2
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Join Date: Mar 2003
Location: Port Hope, Ontario, Canada
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Speculation, they bought it at a prefered rate and are hoping to sell it at or over dealer price.
Also they likely have lower requirements (thus higher % rates) for financing or lease qualification than the Porsche dealer.
Also they likely have lower requirements (thus higher % rates) for financing or lease qualification than the Porsche dealer.
#3
Rennlist Member
Humberview owns about 8 dealerships including high end. They probably bought it to flip or traded for it. They sell used Ferrari's, Lambos etc...
#4
Rennlist Member
Just as above have stated...they bought them new or off clients to speculate. Lots of used car dealers are new car dealers best customers.