Dollar dropping against Euro...
11-10-2007, 02:34 PM
#17
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Thats about the only good thing about the dollar right now. It has shown to close the deficit a little. Maybe if China would quit cheating now we might be able to close the deficit a bit more. Its an errie feeling looking at a C-note on my desk and knowing its losing value as I gaze at.
11-10-2007, 02:53 PM
#18
Instructor
It's funny, I asked about this subject a while back questioning how recession and dropping dollar would effect our 993 values. In any event, I am selling my wifes SL500 and a guy flew in from canada two days ago to buy it because of the premium he says canadians pay for rust free cars and the discount from the dropping dollar. He is getting almost a 10% discount when you compare the canadian to US dollar. You will see very soon alot of 993's being shipped over seas if the dollar keeps free falling at the rate it is.
11-10-2007, 02:55 PM
#19
Three Wheelin'
It is just currency, not governing and it seems to work in Europe. With that said, I am not a big fan of the idea either, just reporting what I heard on the news.
11-10-2007, 05:34 PM
#20
The falling dollar ( and it will continue) will eventiually make all imports much more expensive. Althought the price of gas in Europe is high, due mainly to taxes, it really has not gone up much over the last several years. The reason it has gone up so much in the US ( and will continue) is because what we use to pay for it keeps going down in value. The US market has been important to Porsche over the years but with the continuously falling US dollar and the increasing amounts that people in other parts of the world are willing to pay for Porsches, they will need to make some important decisions in the future ( because I do not think they are going to increase production capacity). This should put upward pressure on the prices for new Porsches in the US. On the other hand, if money is tight in the US ( or other parts of the world), prices may soften for new and, used, Porsches.
11-10-2007, 05:53 PM
#21
Rennlist Member
Canadian perspective
Located in Montreal, it's one eerie feeling when then CAD this week hit $1.10 US. This is a significant risk factor to both economies (US as importers, and certainly the Canadian mfg industry), but from a consumer perspective this is unbelievable for those lucky enough to be in the market:
I bought my 993 2 years ago and paid $50K CAD. It was a US car that had been previously imported, and I was comparing it strictly with other US cars available at the time, as I was ready to import one myself.
With the F/X rate back then, and including import costs, that was equivalent to buying a US car in the high 30's. At the time, I considered that a fair price for a 'perfect' 1997 coupe with 16K miles...
Today, the dramatic rise in purchasing power almost makes me wish I'd waited. First, my US model has no doubt depreciated on account of all the cars now being brought over cheaper. Further, there are some amazing choices to be had in the 70K US range... GT3's, 993 turbos, etc.
Might just take advantage and add another to the garage!
Matt
I bought my 993 2 years ago and paid $50K CAD. It was a US car that had been previously imported, and I was comparing it strictly with other US cars available at the time, as I was ready to import one myself.
With the F/X rate back then, and including import costs, that was equivalent to buying a US car in the high 30's. At the time, I considered that a fair price for a 'perfect' 1997 coupe with 16K miles...
Today, the dramatic rise in purchasing power almost makes me wish I'd waited. First, my US model has no doubt depreciated on account of all the cars now being brought over cheaper. Further, there are some amazing choices to be had in the 70K US range... GT3's, 993 turbos, etc.
Might just take advantage and add another to the garage!
Matt
11-11-2007, 07:44 AM
#22
Drifting
Thread Starter
Located in Montreal, it's one eerie feeling when then CAD this week hit $1.10 US. This is a significant risk factor to both economies (US as importers, and certainly the Canadian mfg industry), but from a consumer perspective this is unbelievable for those lucky enough to be in the market:
I bought my 993 2 years ago and paid $50K CAD. It was a US car that had been previously imported, and I was comparing it strictly with other US cars available at the time, as I was ready to import one myself.
With the F/X rate back then, and including import costs, that was equivalent to buying a US car in the high 30's. At the time, I considered that a fair price for a 'perfect' 1997 coupe with 16K miles...
Today, the dramatic rise in purchasing power almost makes me wish I'd waited. First, my US model has no doubt depreciated on account of all the cars now being brought over cheaper. Further, there are some amazing choices to be had in the 70K US range... GT3's, 993 turbos, etc.
Might just take advantage and add another to the garage!
Matt
I bought my 993 2 years ago and paid $50K CAD. It was a US car that had been previously imported, and I was comparing it strictly with other US cars available at the time, as I was ready to import one myself.
With the F/X rate back then, and including import costs, that was equivalent to buying a US car in the high 30's. At the time, I considered that a fair price for a 'perfect' 1997 coupe with 16K miles...
Today, the dramatic rise in purchasing power almost makes me wish I'd waited. First, my US model has no doubt depreciated on account of all the cars now being brought over cheaper. Further, there are some amazing choices to be had in the 70K US range... GT3's, 993 turbos, etc.
Might just take advantage and add another to the garage!
Matt
11-11-2007, 10:00 AM
#23
Three Wheelin'
Next time I'll cross the Pond, I 'd like to make the Blues Highway from Louisiana to Chicago...
11-11-2007, 11:17 PM
#24
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Marlon: The only modification a 993 requires for entry into Canada are Daytime Runnings Lights (DRL)
Having bought a 993 in the US a couple of months ago, I could have saved about 3-4 grand had I waited until now ...
Having bought a 993 in the US a couple of months ago, I could have saved about 3-4 grand had I waited until now ...
