Carmax equivalent in Canada?
#1
Carmax equivalent in Canada?
Hey all,
I'm in a interesting situation. My fiance from Canada as a Ford Focus (Canadian car), and I've convinced her that we should get rid of it to get a RX350. She moved to the U.S. in Ohio so we are a few hrs from Niagara Falls border.
We would probably have a hard time selling/trading the car here in the U.S. b/c it is a Canadian car. We are buying the RX at a big wholesale dealer, so they will low ball the trade indefinitely. I would like to just do a quick sale on the car, like at a carmax...problem is, I don't think Canada has a carmax, but is there an equivalent to that place? I can't place an ad for private sale in Canada b/c we don't have the time to drive back and forth to show the car. Any suggestions would be greatly appreciated. Thanks everyone
I'm in a interesting situation. My fiance from Canada as a Ford Focus (Canadian car), and I've convinced her that we should get rid of it to get a RX350. She moved to the U.S. in Ohio so we are a few hrs from Niagara Falls border.
We would probably have a hard time selling/trading the car here in the U.S. b/c it is a Canadian car. We are buying the RX at a big wholesale dealer, so they will low ball the trade indefinitely. I would like to just do a quick sale on the car, like at a carmax...problem is, I don't think Canada has a carmax, but is there an equivalent to that place? I can't place an ad for private sale in Canada b/c we don't have the time to drive back and forth to show the car. Any suggestions would be greatly appreciated. Thanks everyone
#3
I tried to look on that website, but it seems like it is a vehicle report service (like carfax), as opposed to a car buying agency (like carmax). I'm looking for a car buying agency that would just buy the car. Any further help would be greatly appreciated!
#5
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Location: Alberta, CA
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I'm not aware of any kind of service in Canada that's the equivalent to Carmax. Furthermore, even if there were, I'm sure you'd have to physically get the car back to Canada to turn it over to the buyer anyway. If I were you, I'd think about consigning the car in Canada - you'd be able to leave the car behind and go back to Ohio and wait for it to sell.
#6
I'm not aware of any kind of service in Canada that's the equivalent to Carmax. Furthermore, even if there were, I'm sure you'd have to physically get the car back to Canada to turn it over to the buyer anyway. If I were you, I'd think about consigning the car in Canada - you'd be able to leave the car behind and go back to Ohio and wait for it to sell.
Thanks again!
Last edited by CPMD; 03-22-11 at 03:05 PM.
#7
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I read about this a few days ago, can you give me more details about consigning the car? I read about a place called "Bulletproof" near Mississauga that also consigns. I'm considering this, as this would be a lot easier for me to do, versus converting the car to American standards, and then trying to sell here in the States.
Thanks again!
Thanks again!
The consignment sales agreement will also typically set out how much "marketing" the dealership will be expected to do (run newspaper ads, detail the car from time to time, etc.). From a legal point of view, the car remains your property until sold, so you need to ensure you maintain insurance and registration on the car (although there is usually "overlapping" insurance coverage via the dealership as well). When a buyer decides to purchase the car, the sales documentation transfers title from you to the dealership immediately before the sale to the buyer, so the buyer is technically buying the car from the dealership, not you.
I've sold cars by consignment a few times and its worked out pretty well. It is an especially attractive option for persons in circumstances similar to yours, i.e. who aren't physically present to be able to show the car to interested buyers.
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