volksjaeger

Anyone notice Porsche pricing has between Canada-Mexico-USA?

for a base C2 (prices converted to USD)

US: $89,400
Canada: $77,835
Mexico: $70,331

also to upgrade to the C2S (again converted to US $) is cheaper in Canada:

US $14,000
Canada: $12,174

I know the US Dollar is strong (and I believe will challenge it's old 1985 high) but seems like there's gotta be a way to arbitrage this?

That's another reason I am *hoping* the next GT3 won't have a huge jump in price as the stronger USD is already a built-in increase in real terms.

I noticed this also last year where the GT4 was $10k cheaper in Canada. I figured Porsche wasn't keeping up with currency moves but this move is already several years old already.

Feel like we are getting screwed.

Homeles

Try buying one in Canada. $11K import tax & change the speedo to mph.

kayjh

What is the import duty? From USA to Canada it is 6%. Are you saying the US charges 14% to import a European car from Canada?

Mumbles

Canadian Prices

CARRERA MSRP $ 102,200

CARRERA S MSRP $ 118,200

Prices are in Canadian. Add 30% ( exchange rate ) for US prices

Mumbles

6.1% import taxes plus 13% Canadian taxes for importing a US car into Canada if the car is made outside of the US ( imported car )


I believe that importing a car from Canada to the US has a lower import tax than we pay going the other way. Again this is for vehicles made outside of Canada.
If you bought a Chevy made in North America for example, then there should not be any import tax when crossing border just local taxes.

Dewinator

Makes sense for them to be slow to adjust the prices to a rapid upswing in the dollar in case it goes back the other way. If you want to take advantage of the strong dollar, buy it in Germany and ship it over. Military guys do it all the time.

kayjh

For an american, buy the car in Alberta, there is no provincial tax, then file for a GST refund after you export the car to the US. So your extra cost will just be the import duty into the US and the cost to change the numeric display from km/h to mp/h. Of course, no Canadian dealer will sell you a brand new car, but many have used cars on the lot with 2,000 miles on them that are more than 6 months old and the dealers will sell those to you one of those.

As to importing into Canada, correct on the 6.1% but the PST/GST cost is the same as if you bought the car in Ontario. Of course, no one in Canada is importing US cars these days due to the exchange rate.

volksjaeger

I'm not really sure what you are saying here. I know the Carrera is 102,200 CDN.

Converting to USD you don't add 30%. You multiply by .7613.

102,200 x .7613 = $77,804 USD using today's exchange rate.

So Porsche makes quite a bit more for every US sold Porsche as compared with Canada or Mexico.

volksjaeger

In Germany
a Base Carrera costs: 96,605 Euros
1.06 * 96,605 =$102,401 USD

So that's actually quite a bit more expensive the other way. Unless there's some added VAT tax in there that you can get back. Still it doesn't sound like that's a winning strategy.

kayjh

Which is why Canadian allocations are tight

Homeles

All I can tell you is a friend found a GT4 in Calgary. The dealer told him it was 11% duty to import it into the US.

cpt_slow

I've been looking for a GTS in Canada and it almost comes out even if I were to get one in the U.S of A...Finding the right car is half the battle.

Rambler_13

I see what the OP is saying. At today's exchange rates, it does appear that new CAD 911s are cheaper than in the US (from a US buyer's perspective). But the pricing was set back when the all these exchange rates probably reflected more equal pricing at the time.

Using today's Fx rates and current pricing, the base 911 would cost about $12k USD more than using USD to purchase one from Canada (disregarding import duties, taxes, etc.).

102.2k - Base 911 in CAD
89.4k - Base 911 in USD

Equivalent USD price at .76 Fx rate = $77.7k; $11.7k differential. Or looked at a different way, if I took out a loan today for $89.4k USD to buy a 911 at my local dealer and then decided I would rather buy the car in Canada, I would have 117.6 CAD to spend which would buy me the same base car plus 15.4k CAD in options. Again, this ignores the cost of actually getting the car back to the US so it may all be irrelevant.

kayjh

Once someone knows what the US import duty is, it is easy to determine if there is a savings importing from Canada. The exercise is only relevant for used cars though - dealers aren't allowed to sell new cars cross border.

Vise

Big picture this is not new news... see this article from Total 911 in October, it is calculated against GBP but still same end result. As someone mentioned above 911 allocations are however extremely tight, every single one is pre-sold every year and the resale market is strong due to low volume of Canadian spec cars available.

https://www.total911.com/the-five-ch...w-porsche-911/