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Hybrid cars - selling in Canada? - READ ONLY

17 messages,  Last post on Sep 29, 2008 at 6:50 PM

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What is this discussion about? Toyota Prius, Toyota Camry Hybrid, Honda Civic, Hybrid Cars, Car Buying


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#10 of 17
Re: Hybrid cars - selling in Canada? [mikeva] by gagrice
Aug 21, 2008 (8:25 am)

Replying to: mikeva (Aug 21, 2008 7:02 am)

When we visited Victoria BC a couple years ago many of the Taxi cabs were Prius. I think Vancouver has had a lot of Prius since first introduced.
#11 of 17
Re: Hybrid cars - selling in Canada? [grandtotal] by netwheels
Sep 13, 2008 (6:48 pm)

Replying to: grandtotal (Jan 20, 2007 9:49 am)

I just moved into the Niagara region and I am looking at purchasing a new hybrid vehicle...definitely considering the Prius. However, coming from the US, I see that prices seem to be quite a bit more here, and not necessarily in balance with the exchange rate.
 
I did here about an ad for a sale at this organization called Performance Cars - www.performancecars.ca, which seems to be advertising some decent prices. Has anyone in this region had any experiences with this group or can they give me recommendations on purchasing a hybrid in my area?
#12 of 17
Re: Hybrid cars - selling in Canada? [netwheels] by bdyment
Sep 15, 2008 (6:47 am)

Replying to: netwheels (Sep 13, 2008 6:48 pm)

Performance Cars is the only Lexus dealer in the Niagara area and the largest Toyota dealer. I have not heard anything negative about them. They seem to be a professional dealership.
#13 of 17
Re: Hybrid cars - selling in Canada? [pathstar1] by netwheels
Sep 16, 2008 (1:47 pm)

Replying to: pathstar1 (Jan 20, 2007 9:27 am)

You mentioned Toyota City in Wetaskiwin - anybody know anything about Performance Cars in the Niagara region? Heard about some clearout sale so I was thinking about checking them out as I'm in the market for a new Prius or some other hybrid alternative.
#14 of 17
lease buy out for 2004 Prius by myrnamather
Sep 25, 2008 (10:15 am)
should I consider buying out my 2004 Prius lease at $13,338 - with 166,000 km??
What are the long term implictions re battery etc as the warranty is over
#15 of 17
Re: lease buy out for 2004 Prius [myrnamather] by grandtotal
Sep 25, 2008 (7:27 pm)

Replying to: myrnamather (Sep 25, 2008 10:15 am)

should I consider buying out my 2004 Prius lease at $13,338 - with 166,000 km??
What are the long term implictions re battery etc as the warranty is over

 
Generally speaking I'd have to say no. However, in your case, I presume you are facing a large bill for over mileage ($7000 or so?) in which case given the choice of buying the car out at $13338 or walking away at $7000 it becomes a no brainer. Effectively you are getting the car at a marginal cost of $6338, the $7000 is already lost.
 
I would not worry greatly about the mileage, there are now quite a few Prius' around with considerably higher mileage than yours.
#16 of 17
Re: lease buy out for 2004 Prius [myrnamather] by toyolla2
Sep 28, 2008 (10:49 am)

Replying to: myrnamather (Sep 25, 2008 10:15 am)

Edmund's has info on buying out leases, that I found useful.
 
I feel you may not be looking at this the right way.The estimated $7k is the hit they will take on resale anyway. Although you see it as a penalty to you, it's not going to be 'free' money to them either.
 
Here's what I would try. They want $13k, I am assuming that includes sales tax.
Then make a Counter offer for $10k and be FIRM on that as an out-the-door price.
 
Any reticence on their part - head for the door. Don't let them pitch to you. If they try then just mention there's a Fit across the street you want to look at. Then Shut your mouth and head for the door. I bet they will call you back before you even reach that far !
 
Here's what they don't want you to know :- With 166kms on the clock car this will almost certainly be going to auction. Auctioneers would need to sell it for $9k to make it worthwhile. LOL And that 166k mileage won't win their hearts either. Plus they would have to offer a warrantee also.
 
The dealership is going to be highly motivated here, they would really like to wash their hands on this one. I think you should try "This is my final offer" idea..
 
Believe me they won't hurt - your car may fail eventually and they will be getting the repair biz and you may not have puchased an extended warrantee. It's almost a no lose situation for them.
 
I bought out my lease, because they discontinued that model in a 2dr version, and I had lo-mileage and no problems on mine. On the other hand had that particular model still been available for purchase I would have discarded the vehicle at end of lease.
 
This will be a short year for the '09 Prius as the new GEN 3 Prius will be arriving as a 2010 model in April. Once the hoopla is over, with the new plants at full capacity they will be shipped in quantity and prices will reduce. Until then you might try and get the leasing company to go for a lease extension to reach that more opportune time.
T2
#17 of 17
Re: lease buy out for 2004 Prius [toyolla2] by grandtotal
Sep 29, 2008 (6:50 pm)

Replying to: toyolla2 (Sep 28, 2008 10:49 am)

I don't think your advice to myrnamather is good. Viewing this from Toyota's perspective, they will either sell the car to myrnamather for $13K (+taxes) or they will take it back together with a cheque for $7K when they find out how many kms it has on it. They will be happy in either instance since either they get the $13K they budgeted for or they get a cheque for $7K plus a car that they can certainly unload at auction for better than $6K in which case again they get their $13K. Chances of Toyota negotiating on this one I put at zero.

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