How the coronavirus pandemic could alter your car-buying experience [Toronto Globe and Mail (Ontario, Canada)]
Toyota Motor Corporation (TM)
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Source: Toronto Globe and Mail
How the coronavirus pandemic could alter your car-buying experience A woman photographs the interior of the Toyota concept car Fine-Comfort Ride at the Canadian International Auto Show in Toronto on Feb. 14, 2019. The Canadian Press A woman photographs the interior of the Toyota concept car Fine-Comfort Ride at the Canadian International Auto Show in Toronto on Feb. 14, 2019. Motorists are advised to fasten their seatbelts for a very different spring car-buying season. In addition to complicating the shopping experience, the COVID-19 pandemic could have an impact on selection, price and financing, say experts. “We do see that customers will probably be able to get better deals, but by making cash deals or finance deals rather than lease deals at this point,” said Robert Karwel, senior manager of automotive practice in Canada for J.D. Power. The reason is that calculating residuals, or how much a vehicle is worth at the end of its lease, will be difficult because no one’s got a good
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