We use cookies to give users the best content and online experience. By clicking “Accept All Cookies”, you agree to allow us to use all cookies. Visit our Privacy Policy to learn more.

Manage Cookies
Resources for Businesses My BBB
Share
Business Profile

New Car Dealers

OpenRoad Honda

This business is NOT BBB Accredited.

Find BBB Accredited Businesses in New Car Dealers.

Reviews

Customer Review Ratings

1

Average of 1 Customer Review

Want to share your experience?

Leave a Review

Review Details

  • Allan M

    Date: 22/05/2024

    One of the reasons for trading in a vehicle when buying a new one from a dealer rather than selling it privately and paying full price is the tax savings based on the value of the trade in and tax implications. An simple example:The full cost of Vehicle $53,000 if paid with no trade, taxes are ***@7% =$3710 + GST@5%=$2650 for a total of $6360 taxes. With a trade in value $22000, the taxes are $53,000 - $22,000= $31,000, *** $2170 + GST$1550 total = $3720 taxes This is a tax savings differential of $6360 - $3720 = $2640 This is how the agreement for sale should read. and has happened at other dealerships I have made deals with in the past.Open Road Honda in *******, now on ************, not Kingsway has a practice that deprives the customer of tax savings when making a trade in.What the do is they recalculate the trade in value downwards as such. They reduce the savings from the trade in value by the amount of the tax savings differential eg: $22,000 - $2640 = $19360. That's what they put on the sales agreement and calculate the sales tax on.They calculate the trade in value deduction this way. Appraised value $19360, Tax Credit Value $2640, Market value of trade in $22,000. Remember, the customer agreed to a trade in value of $22,000 and thinks the are still getting it with the "tax credit" deduction entered into the contract.The dealership explains it this way. We reduce the agreed to trade in value to create a tax credit (savings) between the taxes on vehicle where the customer would pay the taxes on the full cost of the car with no trade in and the actual taxes paid on the car with the trade in. In fact the customer has paid the taxes equal to the taxes on the full cost of the car without trade in.The customer looses the tax advantage and the dealership pads their bottom line at the cost of the customer. I'm sure most customers don't really understand the dealers underhanded practice. This may be fraud under both the *** and GST legislation.

OpenRoad Honda is NOT a BBB Accredited Business.

To become accredited, a business must agree to BBB Standards for Trust and pass BBB's vetting process.

Why choose a BBB Accredited Business?

BBB Business Profiles may not be reproduced for sales or promotional purposes.

BBB Business Profiles are provided solely to assist you in exercising your own best judgment. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles.

When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints.

BBB Business Profiles generally cover a three-year reporting period, except for customer reviews. Customer reviews posted prior to July 5, 2024, will no longer be published when they reach three years from their submission date. Customer reviews posted on/after July 5, 2024, will be published indefinitely unless otherwise voluntarily retracted by the user who submitted the content, or BBB no longer believes the review is authentic. BBB Business Profiles are subject to change at any time. If you choose to do business with this company, please let them know that you checked their record with BBB.

As a matter of policy, BBB does not endorse any product, service or business. Businesses are under no obligation to seek BBB accreditation, and some businesses are not accredited because they have not sought BBB accreditation. BBB charges a fee for BBB Accreditation. This fee supports BBB's efforts to fulfill its mission of advancing marketplace trust.