Canadian prices lower?

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Canadian prices lower?
Topic Started: Jan 6 2016, 07:02 AM (97 Views)
campy	Jan 6 2016, 07:02 AM Post #1
Handyman Extraordinaire Posts: 28,720 Group: no politics Member #204 Joined: February 2, 2006	The author of this article is truly mixed up. He thinks prices in Canada for the equivalent item are cheaper. http://www.cbc.ca/news/business/consumer-prices-canada-neil-macdonald-1.3389291 Quote: Four or five years ago, when the currencies were closer in value, I'll wager that particular wine was a lousy deal in Canada, relative to its cost in the States. Now, though, with the exchange rate figured in, it's a steal. The same can be said for a whole range of other products. Take the Honda Accord. The basic "Sport" model lists here for $30,864.25 Cdn. In the U.S., the price on Honda's website is $25,975 US, or at least $36,285.05 Cdn with the exchange factored in. That's a difference of roughly $5,700 for exactly the same car. That is so ridiculous. If you went to the U.S. to buy that car you would have to pay 36,285.05 in Canadian funds. The American pays $25,975 and the Canadian pays $30,864 for the same car. Where is the steal? This article is on the CBC and must have been written by a Liberal economist. If the American came to Canada and bought the $30,864 car he would pay $30,864/1.30 = 23741. What American would be dumb enough to come to Canada and pay $30,864 in American dollars.



Dana	Jan 6 2016, 07:11 AM Post #2
WWS Hummingbird Guru & Wildlife photographer extrordinaire Posts: 13,054 Group: Member Member #830 Joined: March 23, 2011	Seems to be that the steal is in staying home and buying that car here in Canada where it costs less, exchange rate included. Quote: The basic "Sport" model lists here for $30,864.25 Cdn. In the U.S., the price on Honda's website is $25,975 US, or at least $36,285.05 Cdn with the exchange factored in. That's a difference of roughly $5,700 for exactly the same car. If you go shop in the US you will pay more. Stay home and pay less.



Delphi51	Jan 6 2016, 07:28 AM Post #3
Member title Posts: 13,967 Group: Administration Member #441 Joined: October 10, 2006	This is astonishing, given that people have been going to the U.S. For decades to save on purchasing vehicles. It has never been explained why even made in Canada vehicles were lower priced across the border. I know a little about Toyotas from the Siennchat forum. Toyota USA will not sell to Canadians so people have to pretend to be American to buy their bargain cars. Apparently it only takes a mailing address in the U.S. because the dealerships are quite happy to deal. A 2013 story at CBC: Quote: Canadians planning a trip south of the border next week to take advantage of Black Friday deals may run into roadblocks if a car is on their shopping list. A CBC Marketplace investigation reveals automakers are preventing Canadians from taking advantage of cheaper car prices south of the border. Marketplace found price differences of thousands of dollars in the manufacturer�s suggested retail price (MSRP) for the same model car on different sides of the border, but many U.S. dealers refuse to sell a new vehicle to Canadian customers. In some cases, cars manufactured in Canada were more expensive to buy at Canadian dealerships than in the U.S. Price Wars Watch Marketplace's episode, Price Wars, Friday at 8 p.m. (8:30 p.m. in Newfoundland and Labrador) on CBC television. Vancouver resident Caitlin Mayne, comparing prices for a new Volkswagen Beetle, found that the car�s MSRP was about $3,000 less in the U.S., only an hour�s drive from her home. �That�s a lot of money,� she told Marketplace co-host Erica Johnson. In one case Marketplace found a Dodge Grand Caravan listed at an MSRP that was approximately $7,000 cheaper in the U.S. than on Canadian lots. Steve Rogers, who runs a business that buys cars in the U.S. for Canadian consumers, says that the price difference can run even higher. Last year Rogers bought his wife a new car, taking advantage of lower American prices. �The car was $60,000 in Canada and I paid $40,000 in the U.S.,� Rogers said. �You know, I have a hard time with the fact that I�m paying more as a Canadian just because of where I live.� http://www.cbc.ca/news/business/canadian-car-buyers-blocked-from-cheaper-u-s-prices-1.2435299 Edited by Delphi51, Jan 6 2016, 07:50 AM.



campy	Jan 6 2016, 07:34 AM Post #4
Handyman Extraordinaire Posts: 28,720 Group: no politics Member #204 Joined: February 2, 2006	Dana Jan 6 2016, 07:11 AM Seems to be that the steal is in staying home and buying that car here in Canada where it costs less, exchange rate included. Quote: The basic "Sport" model lists here for $30,864.25 Cdn. In the U.S., the price on Honda's website is $25,975 US, or at least $36,285.05 Cdn with the exchange factored in. That's a difference of roughly $5,700 for exactly the same car. If you go shop in the US you will pay more. Stay home and pay less. But it doesn't cost less here in Canada than what Americans pay for the same car. The author is insane.



campy	Jan 6 2016, 02:08 PM Post #5
Handyman Extraordinaire Posts: 28,720 Group: no politics Member #204 Joined: February 2, 2006	I'm surprised I didn't get more replies to this topic.



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