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Insider Tips: Maximize Your Earnings When Selling Your Car for Cash!

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When you are interested in exchanging your old auto for some cash, the choice among used car buyers in Toronto is your #1 task. Typically, only a few of them can offer you cash for cars in Toronto and most are trying to reduce the price and pay using bank transfers or checks. Yet, it is not always comfortable for a seller.

Today, we offer you to take a look at an important insight our insider shared with us about the process of selling a vehicle for cash. A little hint: he succeeded in it! Do you want to learn more about this case? Then, here we go.

The Opinion of a Successful Seller: Which Used Car Buyers in Toronto Are Worth Your Trust

Meet Dave, our insider, 35M from Toronto. He was an owner of Chevrolet Corvette which was his father’s heritage he decided to sell. That’s what he says:

“Old cars are not highly rated in the aftermarket simply because lots of Canadians offer new ones. That’s a kind of trend to change a car after a couple of years of its use. Thus, if you have an older vehicle, the task can become more difficult to sell it.

In my search for a bona-fide buyer, I spent almost 2 months. Even collectors were not interested in my auto because it wasn’t of rare modification. Thus, I picked up the last chance and turned to Toronto scrap car removal services as the last hope. I was challenged by how many companies offer their services in this field. Yet, they also offered them for a too-low price. It seemed that I lose more than gain if I agreed with their offers. The game changed when I saw an advertisement by https://soldcar.ca/ on the Internet. After a short negotiation, I decided to sell my car in Toronto to this company. It was a real win. I got $2,500 for my car, which was not on the go. This money I invested as the first contribution to my new leasing agreement and I bought a new car which is great in its modification and economy. Now I’m a happy owner of an eco-friendly Nissan Leaf, and it’s a great opportunity I can thank my buyer for.”

Enclosing the Case of Success: How I Sold My Vehicle to Soldcar.ca

So, what was the secret of Dave’s success? The right choice of a counterparty! When he applied to the chosen scrap car removal company, he got multiple services at once and all of them brought him some benefits.

  • He concluded the deal remotely. The negotiation and calculation of price were held online, while he only had to sign the contract. So, he saved his precious time and didn’t need to plan visits to the buyer’s office.
  • He got a fair price and even increased it while contacting the buyer’s representatives because his old car’s interior was in excellent condition, and it was of a rare type.
  • He also received his payment in cash. This happened right at his home when he signed papers and allowed a technician to tow his car out of his yard.
  • The costs for car towing were paid by the buyer, so he also saved some dollars on it.

The results are obvious. Dave got a chance to free his garage and start a new page in his life as a motorist. He invested the money he got from this deal in a new car, and he is free from decisions about what to make with an old one.

 

Expert Advice: Tips from Toronto’s Auto Industry Professionals

To provide a deeper understanding, we spoke with several auto industry experts across Toronto. Their insights add a professional layer to our exploration of the used car market.

Maximizing Vehicle Value: According to Janet Lee, an experienced auto appraiser, “It’s crucial to first understand your vehicle’s market position. This involves not only a thorough appraisal but also checking against current market trends for similar models. Sometimes, minor repairs or aesthetic improvements can significantly elevate the car’s appeal and value.”

Choosing the Right Platform: Marketing strategist Jonathan Rhodes advises, “In the current digital landscape, selecting the appropriate platform for selling your vehicle is paramount. Although traditional outlets such as newspaper advertisements remain effective, digital platforms offer a wider reach. Embracing a combination of channels enhances your prospects of connecting with the ideal buyer at an optimal price.”

Seller Experiences: Varied Journeys to Success

Alongside Dave’s narrative, we’ve collated experiences from other Torontonians who’ve adeptly manoeuvred the pre-owned vehicle market.

Case in Point – Sarah: Newly graduated from university, Sarah opted to sell her ten-year-old Honda Civic as she transitioned to a more dependable car for her burgeoning career. “I turned to an online platform dedicated to car sales which provided me with immediate quotes from multiple prospective buyers. The process was swift, clear, and I believe the offer I accepted was equitable, reflecting both the condition of my car and the going market rates.”

Michael’s Strategy: Michael, a seasoned mechanic nearing retirement, applied his extensive skills to restore a classic Ford Mustang prior to listing it for sale. “I knew the car had potential. By investing in some key repairs and a new paint job, I was able to sell it for nearly double what it was worth in its previous condition.”

Conclusion: Navigating Toronto’s Used Car Market

These narratives and professional insights reveal that while the journey to selling a used car in Toronto can differ greatly, successful sellers exhibit shared tactics: meticulous preparation, market comprehension, and skilled negotiation.

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RCMP investigating after three found dead in Lloydminster, Sask.

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LLOYDMINSTER, SASK. – RCMP are investigating the deaths of three people in Lloydminster, Sask.

They said in a news release Thursday that there is no risk to the public.

On Wednesday evening, they said there was a heavy police presence around 50th Street and 47th Avenue as officers investigated an “unfolding incident.”

Mounties have not said how the people died, their ages or their genders.

Multiple media reports from the scene show yellow police tape blocking off a home, as well as an adjacent road and alleyway.

The city of Lloydminster straddles the Alberta-Saskatchewan border.

Mounties said the three people were found on the Saskatchewan side of the city, but that the Alberta RCMP are investigating.

This report by The Canadian Press was first published on Sept. 12, 2024.

Note to readers: This is a corrected story; An earlier version said the three deceased were found on the Alberta side of Lloydminster.

The Canadian Press. All rights reserved.



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Three injured in Kingston, Ont., assault, police negotiating suspect’s surrender

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KINGSTON, Ont. – Police in Kingston, Ont., say three people have been sent to hospital with life-threatening injuries after a violent daytime assault.

Kingston police say officers have surrounded a suspect and were trying to negotiate his surrender as of 1 p.m.

Spokesperson Const. Anthony Colangeli says police received reports that the suspect may have been wielding an edged or blunt weapon, possibly both.

Colangeli says officers were called to the Integrated Care Hub around 10:40 a.m. after a report of a serious assault.

He says the three victims were all assaulted “in the vicinity,” of the drop-in health centre, not inside.

Police have closed Montreal Street between Railway Street and Hickson Avenue.

This report by The Canadian Press was first published Sept. 12, 2024.

The Canadian Press. All rights reserved.



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Government intervention in Air Canada talks a threat to competition: Transat CEO

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Demands for government intervention in Air Canada labour talks could negatively affect airline competition in Canada, the CEO of travel company Transat AT Inc. said.

“The extension of such an extraordinary intervention to Air Canada would be an undeniable competitive advantage to the detriment of other Canadian airlines,” Annick Guérard told analysts on an earnings conference call on Thursday.

“The time and urgency is now. It is time to restore healthy competition in Canada,” she added.

Air Canada has asked the federal government to be ready to intervene and request arbitration as early as this weekend to avoid disruptions.

Comments on the potential Air Canada pilot strike or lock out came as Transat reported third-quarter financial results.

Guérard recalled Transat’s labour negotiations with its flight attendants earlier this year, which the company said it handled without asking for government intervention.

The airline’s 2,100 flight attendants voted 99 per cent in favour of a strike mandate and twice rejected tentative deals before approving a new collective agreement in late February.

As the collective agreement for Air Transat pilots ends in June next year, Guérard anticipates similar pressure to increase overall wages as seen in Air Canada’s negotiations, but reckons it will come out “as a win, win, win deal.”

“The pilots are preparing on their side, we are preparing on our side and we’re confident that we’re going to come up with a reasonable deal,” she told analysts when asked about the upcoming negotiations.

The parent company of Air Transat reported it lost $39.9 million or $1.03 per diluted share in its quarter ended July 31. The result compared with a profit of $57.3 million or $1.49 per diluted share a year earlier.

Revenue totalled $736.2 million, down from $746.3 million in the same quarter last year.

On an adjusted basis, Transat says it lost $1.10 per share in its latest quarter compared with an adjusted profit of $1.10 per share a year earlier.

It attributed reduced revenues to lower airline unit revenues, competition, industry-wide overcapacity and economic uncertainty.

Air Transat is also among the airlines facing challenges related to the recall of Pratt & Whitney turbofan jet engines for inspection and repair.

The recall has so far grounded six aircraft, Guérard said on the call.

“We have agreed to financial compensation for grounded aircraft during the 2023-2024 period,” she said. “Alongside this financial compensation, Pratt & Whitney will provide us with two additional spare engines, which we intend to monetize through a sell and lease back transaction.”

Looking ahead, the CEO said she expects consumer demand to remain somewhat uncertain amid high interest rates.

“We are currently seeing ongoing pricing pressure extending into the winter season,” she added. Air Transat is not planning on adding additional aircraft next year but anticipates stability.

“(2025) for us will be much more stable than 2024 in terms of fleet movements and operation, and this will definitely have a positive effect on cost and customer satisfaction as well,” the CEO told analysts.

“We are more and more moving away from all the disruption that we had to go through early in 2024,” she added.

This report by The Canadian Press was first published Sept. 12, 2024.

Companies in this story: (TSX:TRZ)

The Canadian Press. All rights reserved.



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