Canadian money, wow Options

[Rayme]

http://finance.yahoo.com/currency/convert?...=USD&amt=1&t=5y

The canadian money is gaining alot of power these time.

So much, me and my friend calculated and its now cheaper to go buy a new car in the states, even after the taxes an all. You can litteraly saves thousands of dollars on cars like S2000 and Nissan 350Z.

Even the New civic SI comes almost a whole 4000$ cheaper!!!

Example :
New SI in america : 20,290
New SI in Canada : 26,080

Total cost in Canada after 15% taxes : 29,992$

If one smart enough go to buy one in the states, he only needs 22,664 Canadians, after custom taxes it comes to 26,063, thats a whole 4K less!

Anyhow, just wanted to share, careful fellow american we're taking over



This post has been edited by Rayme: Apr 29, 2006 - 4:36 PM

[lil_lissa]

nice. i want an s2k
i was looking yesterday and they're getting pretty cheap! just over 20K for a 2000 or 2001! mmmm

[devilsden97]

nice. i want an s2k
i was looking yesterday and they're getting pretty cheap! just over 20K for a 2000 or 2001! mmmm

im thinking about an s2k when i either get rid of the celica, or a truck, and then keep the celi as a project car.

[celicurr]

I'll be looking to get a 6gc from the states in a couple months... save myself a couple grand too!

[azian_advanced]

yeah.. 6gc's in the states go for almost half of how much they're sold here for.. i paid almost $10K cdn ($9K usd) for mine fully stock when a fully modded car like chahns sold for $6K usd.

[jwells]

Wait...i don't see how the canadian/us currency matters in the price of the car...if you're talking US dollars in canada and US dollars in the US....how's the currency factor in?

Seems to me that cars are just cheaper in the US than Canada...

Anyone care to help explain this..maybe I'm just not seeing it

[phonex98]

Ive had a bit to drink, but ill try and explain this.

The canadian dollar has had a great last two years. I dont have any exact numbers but the currency has gone from like $0.65 USD per canadian dollar to $0.85 USD per US dollar. Now, although the value of the Canadian currency has gotten strong, and the US has weakened, prices have remained relatively stable. Using what i call Estimath i can give you an example

two years ago at 65 cents a 10 000 USD car would have cost us canadians $15 380 CDN
Today it costs us $11 760

Out wages havent changed so to us theres an apparent savings of about $4000

This post has been edited by phonex98: May 1, 2006 - 12:59 AM

[celicurr]

I think 6g's are just more common in the states, so less availability makes them more expensive here

BTW: LOL @ Estimath

This post has been edited by celicurr: May 1, 2006 - 10:15 PM

[Valo666]

canadian dollar this morning.... $0.91USD. They were sayin on the radio that by mid summer it should b the same as the USD.

[Galcobar]

The general expectation when companies set prices in the two countries is that the Canadian dollar should be worth about US$0.85.

Thus, can of pop is US$1 in the states, or C$1.25 in Canada. At the US$0.85 mark, they actually cost the same.

Now that the Canadian dollar has gone past the US$0.85 mark, custom rates and relative prices favour a Canadian buying in America. When it was below US$0.85, a Canadian buying in the states usually faced a premium (e.g., would cost C$1.35 for a can of pop in the US).

One thing to be aware of: the rates talked about in the newspapers aren't accessible by anybody with less than a few billion dollars to run through the currency markets. Banks and others who do the buying and selling of currency to the little people set their rates to make money in both directions, and that cuts into any advantage you get with a strong dollar.