Even more interesting, especially in the used car market, for myself msqr & Rickerbucks is that both the Ontario and BC governments are bringing in the HST this year. Which means you are going to pay 13% on both new and used vehicles purchased in Canada, before the end of 2010. So where it was somewhat advantageous to purchased a used vehicle in Canada instead of importing because you only paid the PST on the purchase of a used vehicle (saving 5%). Once HST comes into play this advantage is gone.
So as an example, a used Camaro 2SS can be purchased in the US for approx.
$34k or ($38420 after tax), where as a used 2SS Camaro in Canada is approx.
$45k or ($50850 after tax).
Note*: the Canadian price is the only thing I could find quickly on a used Camaro on Autotrader.ca in Ontario. (I'm sure one could eventually be found for around $2000 cheaper).
Hmmmmm, which one makes more sense? A $12000+ difference is hard to pass up.