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CPO prices can apparently go up as well as down...

Discussion in 'Canada' started by pcons, Aug 11, 2018.

  1. pcons

    pcons Support Movember: https://mobro.co/13874276?mc=1

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    Jul 5, 2018
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    Location:
    Burlington, Ontario, Canada
    Noticed something strange today. There were two CPOs I was looking at, a red one and a grey one. Typically CPOs drop about 1k/day until they sell, and these two both started in the mid 80's. The red one bottomed out at 71.9k and the grey at 75.1k. but now both increased in price to 72.7k and 76k respectively.

    Just thought it was worth noting that. I guess the intent is to stimulate those hoping to have the price drop further (both bottomed out and didn't change for 3-4 days) into buying since they are now raising the price.
     
  2. glide

    glide Member

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    They have a floor they would like to sell them at but it will go down again if they continue to linger
     
  3. Tony_YYZ

    Tony_YYZ Active Member

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    Caledon, ON Canada
    This has been going on for more than a year at least. When I was originally shopping around for a CPO S last year, prices would increase over time, even as mileage increased. Tesla's CPO program in Canada is a joke imo. I had two attempted purchases fall through due to their shenanigans.
     
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  4. sakimano

    sakimano Active Member

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    let's not forget they are a US company. They price these cars in US dollars and convert to Canadian dollars. If our currency weakens, price goes up. If our currency strengthens, price can go down. If they have a glut of inventory, prices go down. If they have a dearth of inventory, prices go up.

    They're also not very organized...the car I bought CPO was $114,000, then $104,000...there it sat for a month. I told them I was interested, and they said 'you have to buy it on the webpage if you are, you can't do it in the service centre'. They said something about it being binding as well if I bought it so to keep that in mind. I thought that was weird.

    I didn't rush to do it, then they had a sale on some of the PD cars and the one I wanted dropped to $93,700! I bought it when I saw it at that price, using the webpage (deposit etc.). Then they told me it was a mistake, and it was supposed to be down to $103,700.

    I forwarded them the email where they were warning me that buying it online was binding etc...ironic their choice of words...and let them know that is a two way street. After a couple of hours of deliberating they called me back and honoured it.
     
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  5. pcons

    pcons Support Movember: https://mobro.co/13874276?mc=1

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    Location:
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    Damn, good for you!
     

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