Topic: 07 Rental Return - would you buy?

[Cord]

I doubt the GM plan has provisions for guaranteeing the trade-in amount. Only a financial fool would buy and trade-in a car every 6 months. And the person for whom money is no object is not likely to drive that many GMs.

[airbalancer]

I doubt the GM plan has provisions for guaranteeing the trade-in amount. Only a financial fool would buy and trade-in a car every 6 months. And the person for whom money is no object is not likely to drive that many GMs.

See it done in Oshawa area. Most usually kept it a year.  I think you would have know what kind of discount the GM's get.
Barrie, is over 15%?

[Cord]

I doubt the GM plan has provisions for guaranteeing the trade-in amount. Only a financial fool would buy and trade-in a car every 6 months. And the person for whom money is no object is not likely to drive that many GMs.

See it done in Oshawa area. Most usually kept it a year.  I think you would have know what kind of discount the GM's get.
Barrie, is over 15%?

I didn't say there were no fools.

[stodge]

What should I replace my 500 + $3k with? I dread to think what Saf will come up with....

[UmroAyyar]

What should I replace my 500 + $3k with? I dread to think what Saf will come up with....

How much would that be in total?

Sonata/Fusion/Camry fit the bill?

[johngenx]

I've known a few people that bought ex-rental cars with low km's and had very good luck with them.  They were good models and the folks saved a bucket of money upfront.  Of course, it did hurt their resale, but if you drive the thing into the ground, who cares?

I think that many cars today are very well made and as long as you don't buy one that has had 100K of abuse, it's possible to milk years and years of good service out of a rental sell-off.  I see 2007 Yaris' with 18K for about $5-6K off new price.  That's an excellent car for someone on a tight budget that would like a late-model car.  I would just double-check that Toyota will honour the warranty on something like that, but our firends bought an ex-rental Corolla and never had an issue.

[Cord]

I would just double-check that Toyota will honour the warranty on something like that, but our firends bought an ex-rental Corolla and never had an issue.

No manufacturer would ever deny warranty just because a car was an ex-rental. The vast majority are sold into rental service with the manufacturers blessings in the form of fleet incentives. They are then offered back to dealers at dealer-only auctions. No dealer is going to buy an 07 car at auction knowing that the warranty won't be honoured.