I just read an interesting article in the Globe & Mail – auto section.
More and more people are crossing the border to purchase their NEW cars.
It appears that Canadian automakers have not lowered their prices to reflect the strength of the Canadian dollar.
Here is an example for a 2006 BMW 530i:
MSRP for a BMW 530i in the US is $46,800 according to Edmunds.com
Using the current exchange rate, that U.S. price converts to a little more than $53,000 Canadian.
But a 530i in Canada has an MSRP of $67,800 – a difference of $14,800! That’s definitely worth considering.
The article continues by stating that Canadians are not stupid and are taking advantage of this deal … the Canadian dealers that is.
More and more U.S. dealers are selling their high-end vehicles to Canadian dealers.
Has anyone here gone to the States to buy their new car?
More and more people are crossing the border to purchase their NEW cars.
It appears that Canadian automakers have not lowered their prices to reflect the strength of the Canadian dollar.
Here is an example for a 2006 BMW 530i:
MSRP for a BMW 530i in the US is $46,800 according to Edmunds.com
Using the current exchange rate, that U.S. price converts to a little more than $53,000 Canadian.
But a 530i in Canada has an MSRP of $67,800 – a difference of $14,800! That’s definitely worth considering.
The article continues by stating that Canadians are not stupid and are taking advantage of this deal … the Canadian dealers that is.
More and more U.S. dealers are selling their high-end vehicles to Canadian dealers.
Has anyone here gone to the States to buy their new car?