I have done some research on the costs of a few cars in the u.s and what they cost here in Canada and it is a joke. The Cnd dollar has been strong now for a few yrs yet we continue to get completely screwed on car prices. Here is a list of a few cars and what they retail for in u.s prices, cnd prices, and what they should be if I use the current exchange rate.
As you can see the #'s are not even close to the exchange rate. The srt 8 is not too bad. So why can't all the other cars be almost the same? If the new evo is even under 40 cdn it will do great but I highly doubt it. I guess I am just venting but it sucks to live in canada if you are an automotive junkie.
How many of those cars have came out recently though? While I agree we certainly get raped on exchange prices (one of the reasons I never even looked at the STI) it is hard to set prices without know how the dollar will change.
I would think for all new car models that exchange number should be closer...or they better be.
Mike
__________________
2007 Subaru WRX stock with some Buschur Racing parts
I hope you are right Mike but I won't hold my breath. Even the new shelby gt 500 I believe is about 41000 usd and I heard it will be around 55000 cdn. Wait and see.
I hope you are right Mike but I won't hold my breath. Even the new shelby gt 500 I believe is about 41000 usd and I heard it will be around 55000 cdn. Wait and see.
That is crazy if that is the case that car should be no more than 49,999 Canadian. Same with when the Evo X comes out, Mitsubishi would be smart to price is accuratly considering the greatly inflated price of the STI they would steal a lot of people on the fence about what car to buy.
Look around hard at individual dealers though and you will find deals. When I went to Ottawa to pick up my SRT-4 I walked into the showroom and was greeted by a Dodge Charger SRT-8 they were selling for under $40K. I thought for a split second about how affordable that would be factoring in the bank draft I had in my hand.
Check out the article in today's Toronto Star (Wheels). Apparently Canadian pricing has more to do with marketing policies than exchange rates and aren't going to change any time soon. There are many more examples of the cost benefits of buying in the US. There is also a supporting article on how to buy a car in the US. On the down side, your warranty will not be honored in Canada.
It hurts our eccomny the us custmer no longer buys here and you are seeing it in our interest rates they have almost doublled since last fall that is when they anonced the fed election they are talking about the canadian $ being even with the us by late summer then you will realy see things get out or hand
just my .02
steve
__________________
2005 SRT4 ST Touring Car
2009 Mobile 1 Sprints GT3
Sponsored by Fast Trac / ftrac.org
I hate to be the devil's advocate here, but the problem is not that our car costs are too high, it's that the USA's are too low. The value of their dollar is dropping drastically, and prices are not changing with it(atleast not in the auto sector).
I haven't done much research on this, but i'm pretty sure if you compare prices to European countries, or any other country that hasn't been as volatile as the states, it may change the outcome.
Yes we'd all like to pay less for cars, but a heavily biased research paper should not be the reason for an uproar.
__________________
12.8169 @ 108.16 MPH w/ 1.80 60 foot
2004 Red SRT4 - SOLD
2007 Stage 2 SWP STI
You will never get the exact posted exchange rate. What you will get is the posted x chg rate plus 2.5-3.5 pts.
So in the end, it might not be as bad as you think.
The Exchange rate I used was what the dollar was at on friday. Like I said earlier I don't expect it to be exact or anything but somewhat close would be nice. For example the srt 8 wasn't that far out.
I bought my car used from the US in Feb 05 and that was when the exchange rate was $1.23. Used the best price I could find on the same car was over $21 000 and very few private sales (which means I had to pay PST & GST). I sold my 02 non-turbo PT for $15 000, approximately $5000 over what was left on the finance. Purchased the new PT for the same price US$, after exchange and taxes it was $21200 and it has some mods already installed. It would have cost over $24000 for the same car in Canada with taxes. I saved over $3000. With today's rates it would have cost $19350 and additonal savings of $1850 and it will be a little more with the 1% reduction in GST. That $1850 could have bought me a turbo upgrade!
Yes, I lost my warrenty, but with the mods it would have been difficult to get warrenty work done anyway, besides, shortly after I got it I had a warrently issue and the dealership did the work under warrenty, they don't notice and I'm not going to tell them.
Unless people start taking advantage of the exchange rate and start buying products from the US, why would the Canadian market change their prices. As long as there is demand for their supply, no need to reduce prices, just bigger profit for them.
Some things are dropping in price, specifically mass sale items such as computer parts, they have too because competition demands it.
The AutoGuide.com network consists of the largest network of enthusiast-owned enthusiast-operated automotive communities.
AutoGuide.com provides the latest car reviews, auto show coverage, new car prices, and automotive news. The AutoGuide network operates more than 100 automotive forums where our users consult peers for shopping information and advice, and share opinions as a community.
Car costs in Canada are a JOKE
Linear Mode
