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Can anyone explain this?

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Old 06-24-2018, 10:39 AM
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Smitten
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Default 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
Old 06-24-2018, 01:22 PM
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Mark Henry
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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.
Old 06-24-2018, 10:58 PM
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Turbodan
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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...
Old 06-24-2018, 11:04 PM
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LastMezger
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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.



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