03-26-2008, 09:05 PM | #43 |
Drives: 94 Camaro, 05 Magnum Join Date: Nov 2007
Location: Toronto/Montreal
Posts: 138
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i wonder how many of you guys have seen GM's latest ploy in terms of so-called 'Canadian price adjustments'. They're offering thousands of dollars off on vehicles when they are purchased with cash. For example, you get $11,000 back on an 08 Corvette when you purchase the car flat out with no monthly payments. However, if you're like 95% of the rest of buyers and you plan to finance or lease the vehicle you get absolutely nothing off the cost. And they offer you 0% financing so you know most ppl are going to finance or lease it at that rate...but they market the whole thing as being responsive to the Canadian dollar fluctuations...that's obviously bull because who has the ability to put that kind of cash down on a vehicle?!?!
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03-31-2008, 12:40 PM | #44 |
Drives: 1969 Z28 Join Date: Mar 2008
Location: BC
Posts: 378
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I haven't needed financing the last 5 vehicles or so but I realise I'm not a typical buyer. That is why it was easy and worth it for me to buy my 911 in the US. For someone in my circumstances (cash buyer) it makes no sense at all to buy a car in Canada right now.
I read that around %75 of new cars in Canada are dealer financed or leased, so these people have no choice but to buy in Canada. That means they have nearly a captive market and really don't have to make many big changes until the competitors do. Car sales were strong in Canada last month so I don't think they will do much more. Another big issue is residual value in returning leases. These cars are now worth far less than they thought they would be. Hard to work those things through the accounting system. I agree it's a joke. They've had time to get used to the dollar at parity. I hope for the best by the time the Camaro comes out. I mean, the damn thing will be built here, why should we be ripped off for trying to support the home team? |
04-04-2008, 01:25 PM | #45 |
Drives: 94 Camaro, 05 Magnum Join Date: Nov 2007
Location: Toronto/Montreal
Posts: 138
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all our worries may be pointless...RBC predicts the loonie will fall back below 90 cents US.
http://finance.sympatico.msn.ca/bank...mentid=6682942 |
04-04-2008, 06:32 PM | #46 |
Drives: 1969 Z28 Join Date: Mar 2008
Location: BC
Posts: 378
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Yeah, it's a long ways to go yet before we reach the point where we can actually hand over money and get car.
We'll see what happens with pricing and exchange rates. |
04-07-2008, 04:29 PM | #47 |
Drives: 1969 Z28 Join Date: Mar 2008
Location: BC
Posts: 378
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http://www.canada.com/calgaryherald/...5f936f&k=45014
This could make it easier for a lot of different cars to come in. |
04-07-2008, 09:19 PM | #48 |
Drives: 94 Camaro, 05 Magnum Join Date: Nov 2007
Location: Toronto/Montreal
Posts: 138
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I was on the transport Canada website the other day and you should see the list of cars we cannot import from the US due to bumper issues. There's a long list than can be imported with modifications to the bumpers, and another list that we cannot import at all...like the GTO.
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04-08-2008, 03:13 AM | #49 |
www.Camaro5store.com
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^^Well THAT'S messed up. Can't bring in a GTO...why the heck not??
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04-08-2008, 12:47 PM | #50 |
Drives: 1969 Z28 Join Date: Mar 2008
Location: BC
Posts: 378
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The bumpers on the inadmissible cars do not meet Transport Canada regs.
I believe the standard in the US is 2.5mph and in Canada it is 5mph. This may change, as this story says. |
08-22-2008, 11:19 PM | #51 | |
N7 Spectre
Drives: 14 ATS Performance 3.6L AWD Join Date: Jul 2008
Location: Moosomin, Saskatchewan, Canada
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Quote:
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08-23-2008, 01:40 AM | #52 |
Moderator.ca
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I didn't quite believe you so I checked and there isn't anything that says you can't bring in a GTO. Interesting . . .
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__________________ Originally Posted by FbodFather My sister's dentist's brother's cousin's housekeeper's dog-breeder's nephew sells coffee filters to the company that provides coffee to General Motors...... ........and HE WOULD KNOW!!!!__________________ Camaro Fest sub-forum |
08-26-2008, 12:21 PM | #53 | |
Drives: 94 Camaro, 05 Magnum Join Date: Nov 2007
Location: Toronto/Montreal
Posts: 138
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Quote:
you can check out the list of admissible vehicles here http://www.tc.gc.ca/roadsafety/impor...list/VAFUS.pdf from here http://www.riv.ca/english/html/us_ve...ssibility.html this just made my day! Maybe I'll bring up a GTO or even a Corvette...a few weeks ago I built a US Corvette at the american website...$49,000 US compared to something like $68,000 Canadian |
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08-26-2008, 12:47 PM | #54 |
Weekend Rockstar
Drives: Depends on the day... Join Date: Mar 2008
Location: West Palm Beach
Posts: 1,444
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GM is funny with their exporting policies. As of right now, you can take any Chevrolet product across the Canadian border EXCEPT the Corvette. GM feels that they can make the money off these cars anywhere and so they do. The only way around that is to register and drive the vehicle in the states for 3 months or 3,000 miles and then transfer the registration to Canada. OR you can have someone down here buy the car and then sell it to you as "used".
GM will not allow ANYTHING to go overseas as "new". I have a customer who buys Corvettes from me and exports them to unnamed countries overseas. He told me that a used 08 Vette that he can buy here for $40K or $50K he can sell back home for $250K USD. Granted, he has to pay a 28% tax when he exports, but he still makes huge profits. Back on topic here...I wouldn't be surprised if the Camaro goes on the same list as the Vette when it comes to exporting to Canada. So I say make some friends in the states that you could trust with $40K and then buy your self a used Camaro! |
08-26-2008, 09:23 PM | #55 | |
Drives: 94 Camaro, 05 Magnum Join Date: Nov 2007
Location: Toronto/Montreal
Posts: 138
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Quote:
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08-27-2008, 08:18 AM | #56 |
Moderator.ca
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I thought that new cars in the states couldn't be sold to Canadians? We can buy used cars down there, but they can't sell us new.
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__________________ Originally Posted by FbodFather My sister's dentist's brother's cousin's housekeeper's dog-breeder's nephew sells coffee filters to the company that provides coffee to General Motors...... ........and HE WOULD KNOW!!!!__________________ Camaro Fest sub-forum |
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