Dec 12
Deal or no Deal!!
We will let you folks be the judge. Take a look at the add appearing in the Gazette this Morning. Is this really a good deal for Canadians?
- The 2008 Civic DX manual Model FA1528EX ( the picture is of a Civic SI Sedan??) $198/ month + taxes, no down payment, Total cost of the lease is $11,880 + taxes over the 60 month lease, 19.2K KM per year.
- The 2008 Accord LX manual Model CP2538E (the picture is of an Accord EX-L ) $298 + taxes, no down payment , Total cost of the lease over 48 months is $14,304 + Taxes.
- On both models PDI is included in the leasing only. Publication, Taxes, Licencing, insurance (duh!), and administration (documentation) fees are extra.
- How much if we want to pay cash? Comments welcomed?
- Is this a really good deal for Canadians?
- Note : with all the small print on the side of the page, why don’t they just tell us what the buy-back will be at the end of the lease as of date of publication of course.
- The $9,000 cash rebate fee applies on the 2007 S2000 Model AP2147EN at a MRSP of $50,000 Plus PDI of $1,540, registration, insurance, licence, and taxes are extra. Cash incentives may not be combined with purchase or lease financing? Gst rebate of 1% too!
- If we go off to the “Tale” prices in the US range from $34,300 for the Base model up to $37,300 for the CR A/C 6 speed MT.
- Over to the RIV and the
S2000 appears to be admissible! - So what do you think Canadians? Deal or No Deal!?
December 12th, 2007 at 11:31 am
Honda , Toyota etc. are playing games, only specific vehicles are being offered in these Strong Canadian Dollar adds in which they are promoting large rebates and incentives. Why not offer these rebates on all vehicles ie; Toyota Tundra, Tacoma and so on. It is bad enough they seem to be dictating to my government on changes to the RIV list .Just another thought from a disappointed consumer.
December 12th, 2007 at 12:10 pm
Seems like the Honda /Toyota are promoting vehicles that are admissable with cash rebates and mostly 2007 model years. Brand new 2008 S2000 can be bought for $32,000 US down south or even cheaper depending on what deal one can get. This is just optics on their part to make it look like they are doing something.
December 12th, 2007 at 12:39 pm
If you go to leasecompare.com the same car 2008 Honda DX they are selling it in the USA for $15278.00.Who in there right mind would lease a Honda in Canada and give Honda $11880.00 after 5 years plus taxes!!!Don’t forget after 5 years the car isn’t yours and if you do want it it would probally cost you an additional $10000.00….Do your math….and don’t get fooled by the BIGBOYS!!!
December 12th, 2007 at 6:13 pm
How importing a car from the USA actually helps our economy and our governments as follows:
For this exercise we will use a Honda Civic as an example:
1: Honda Civic is assembled in Alliston Ontario.
This creates jobs for Canadians who pay taxes on their salaries.
2: Finished car is shipped via truck to the USA.
This provides revenue for the Canadian Trucking Industry.
3: Car is purchased in the USA.
This helps our friends in the USA with their economy and creates goodwill.
4: Car is imported to Canada.
Canadian Federal Government is supported by paying GST,Import Fees,and A/C charge where applicable.
5: Provincial Governments are supported by paying PST and License fees.
Conclusion: A definite Win/Win situation for all.
December 12th, 2007 at 11:24 pm
Cy, just add one more point: The savings ($xxxx ~ $xxxxx) from importing a car in US will be either spent (with applicable taxes) for other things by the importers - which will help Canadian economy, or be used to reduce their debt maybe. These money remains in Canadian markets. The more Canadians import US cars, the more benefits for Canadian economy from the saving-then-spending.
The key difference is just NOT to throw those money into car manufactures’ profit bucket.
December 13th, 2007 at 12:59 pm
Hmmm … let me see … Honda Canada appears to be giving a $9,000 cash incentive to buy a particular model of car. This instantly devalues the second-hand value of a similar vehicle by at least $9,000. So, anybody out there who recently purchased one of these vehicles at full price, please be aware that Honda have just devalued your purchase to the tune of at least $9,000.
BUT WAIT — haven’t we been hearing that manufacturers don’t like the idea of competitively priced vehicles in Canada because of the knock-on effect to the second-hand market and to vehicles that are coming off lease?
So let me get this straight. It’s okay when they stiff their customers and undermine the second-hand value of their cars, but it’s not okay when we want to re-align the market across the board. AND — they have the cheek to inadvertently advertise this double standard in a half-page spread, in bright red, in a newspaper. That’s nice!!!!