Someone sold a new one in Toronto for $85K on eBay

Discussion in 'Canada' started by GTA Hellcat, Mar 17, 2015.

  1. GTA Hellcat

    GTA Hellcat Senior Hellcat Member

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    Saw this on eBay.ca.

    Bidding ended at 10:24AM today. Google Search revealed that Lecos Autos is located at Keele and Lawrence in Toronto:

    Dodge Challenger SRT Hellcat Coupe 2 Door eBay
     
  2. Sublimecat

    Sublimecat Silver Member

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    how much is that in real money?
     
  3. bolivarshagnasty

    bolivarshagnasty Gold Member

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    I had saved that auction, but didn't realize it was in Canadian dollars. The owner must be very happy with that result. Had 124 miles on it.
     
  4. ResumeSpeed

    ResumeSpeed Platinum Member Agent 707

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    $66,600US
     
  5. bolivarshagnasty

    bolivarshagnasty Gold Member

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    At 66,600 US, the Seller is probably disappointed. Good job then by the buyer!
     
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  6. 70Cuda

    70Cuda Yep, its got a HEMI

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    ouch for the seller by the time he paid the closing fee with eBay. ouch. he lost money and lots of it.
     
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  7. BlackCat15

    BlackCat15 Silver Member

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    Challenger starts at $67195 in Canada (Canadian Dollars).. that's $52500 USD, still a modest profit.
     
  8. Ironside

    Ironside Gold Member

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    You guys know that if you live in Canada and sell your car in the Canadian market, the difference in the exchange rate doesn't affect you, right?

    LOL... saying "ah, damn... he LOST money" doesn't even make sense!

    CLEARLY he MADE lots of money! Probably ordered the car when it was $63,995 and then sold it for $85,000 - made himself an easy $20,005!!! (well, $11,556 if he paid the full 13% sales tax on his original purchase) :cool:

    Challenger Hellcat starts at $65,195 in Canada.

    EDIT: apologies, they jacked the price AGAIN!!!

    Front page of Dodge.ca hasn't been updated so it still says $65,195 but when you go to Build & Price, it says "starting at $67,195"

    Holy CRAP we're all lucky to have our prices LOCKED IN!!!
     
    Last edited: Mar 17, 2015
  9. HellcatKid

    HellcatKid Silver Member

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    Yes but I don't believe your LOCKED IN until your order gets a VIN# plus dealers are screwing customers daily here in western Canada I cant see them giving any breaks on this either!o_O
     
  10. GTA Hellcat

    GTA Hellcat Senior Hellcat Member

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    Lecos Auto is a business so they get all the HST refunded, so they don't pay any HST. All they had to pay above MSRP (assume they didn't get any discount) would be Freight, PDI, Air Tax, Tire Tax, and eBay listing fees, that totals up to around $2000.
    Fees for selling on eBay Motors
    So they made just under $15000 on this deal after putting 100 km on the car for joy rides!
     
  11. 70Cuda

    70Cuda Yep, its got a HEMI

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    check out the closing fees on eBay and the the listing fees, only one who made any money was Ebay and Pay Pal if they processed the deposit. yes the buyer would have had to pay the sales tax once they get the plates.
     
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  12. 70Cuda

    70Cuda Yep, its got a HEMI

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    If he got out of any eBay closing fees. Check out what it cost to sell and close a deal on eBay.
    only person that made money was EBay.
     
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  13. GTA Hellcat

    GTA Hellcat Senior Hellcat Member

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    eBay listing fee is peanut, at $125 plus optional upgrades.

    Fees for selling on eBay Motors

    Paypal fee is 2.9% which is $2,465, and they can avoid that by demanding certified funds upon pick-up of the vehicle, which they should.

    PayPal Merchant Fees - For Purchases and Transfers - PayPal Canada

    Lecos Auto made a good profit flipping this car, and this sets the tone for the car to appreciate in value - as least in the short term - especially with the limited supply.

    The Dodge Hellcats are so hot they got suspended Fox News
     
    Last edited: Mar 18, 2015
  14. sublime6spd

    sublime6spd Gold Member

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    I don't think they made as much profit as you think they did. My car was 79K All in at MSRP in Ontario with Laguna ,nav, summer tires, 6spd,blk hood (cancelled).
    That car was listed for the last two weeks on autotrader.ca at 89K I made a post regarding the window sticker and CANADIAN warranty.
    It didn't have the leather, but had other options same plus red seat belts. Prolly totalled 77k out the door...
     
  15. GTA Hellcat

    GTA Hellcat Senior Hellcat Member

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    I ordered mine on December 10. If I use the same order sheet of that time (not including discount which I cannot disclose) the seller's cost for that particular car with options as listed would have been:

    2015 Challenger Hellcat $63,995
    6 speed manual $1,000 (Auto was free back then)
    Uconnect with SXM, BT and Nav $600
    Ontario Tire Surcharge $28
    Federal AC Levy $100
    Federal Green Levy $1,000
    Destination Fees $1,695
    HST $0 (All 13% fully claimed back because Lecos Auto is a business)

    Total cost before license plate, etc. $68,418

    And they sold it for $85,038

    As said before, eBay listing fee is only $125 plus optional upgrades. Paypal fee is 2.9% on the selling price which comes to $2,466, and that can be bypassed if they demand a bank draft upon pick-up instead.

    So the seller made over $16,000 on this flip if they want payment by bank draft, or around $14,000 if they use Paypal.

    Buyer pays all the taxes and transaction fees.
     

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