Perplexed Canuck
Burning Brakes
Joined: Aug 2004
Posts: 837
Likes: 2
From: Derry NH
Originally Posted by rws.1
The issue is that MSRP has not caught up with exchange. for most of the 90's and up until about 2 years ago, there was an arbitrage opportunity to buy a new car in Canada and to sell it in the US and make a profit. At the time, when you bought a new car in Canada, you were supposed to sign an area on the contract that the car was for your personal use and Canada and that you would not resell the car in the U.S. For about 10 years Canadians could buy cars cheaper (on an exhchange adjusted basis than Americans)
The Canadian dollar has gone from about $0.65 cent per $ US in late '04 to about $0.90 now. While US inflation has been around 3% ,the Canadian dollar has appreciated 25%.
The pendelum has just swung the other way.... It will self correct over time...
Before you flame... I am Canadian.....
The Canadian dollar has gone from about $0.65 cent per $ US in late '04 to about $0.90 now. While US inflation has been around 3% ,the Canadian dollar has appreciated 25%.
The pendelum has just swung the other way.... It will self correct over time...
Before you flame... I am Canadian.....
We didn't need the contract you speak of in New Brunswick/Maine until 3-4 years ago. Until then, the majority of C5's sold in New Brunswick went to the US. When I was in a position to finally buy a Corvette they enacted that contract policy.
Canada used to be a good place to get some deals due to the exchange rate, but since the US dollar has had a bad go of it recently, there are no more deals to be had in Canada. For Canadians living far from the border, they shouldn't notice much of a difference.
