Quote:
Originally Posted by Burninator
If anyone is the new car market right now is the time to look into buying a car in the states. Even after the exchange, duty and taxes the car is typically cheaper.
For example. If you wanted to buy a Subaru WRX STi.
Canada: $48,995 CDN.
With taxes and freight it comes out to about $53,000 CDN.
US: $34,120 USD ($36,060 CDN)
With freight.
You shouldn't have to pay states taxes, but you will have to pay a 6.1% duty and 6% sales tax. (there is also some other minor taxes and costs).
So the total is roughly $40,400 CDN.
So you are saving in the neighbourhood of 10,000-12,000 dollars. It is more of a hassle, yes, but if that is hassle is too much to save that much money then I want your job. Also if the car you want is made in North America then you don't have to pay that additional 6.1% duty.
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That doesn't work on all vehicles though. Usually the higher priced vehicles you will save enough in the exchange to make it worth it. If you are looking at something cheaper (civic etc), I don't think the final price difference warrents this.
I haven't found many other vehicles that you can do this with. When the Evo and GTR come out next year, those 2 might be worth to purchase in the states. It may work for the corvettes as well, but I haven't tried it with those.