Canadian's are being ripped off
#1
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Canadian's are being ripped off
The price in Canada for the LS460L is $98,700 CND or $87839.44USD which is a $16,839.44USD or $18921.49CND price gouge.
That is totally unacceptable.
I should consider cancelling my LS600H order in protest.
If someone from Toyota Canada is reading this then I ask them to justify this price in Canada?
That is totally unacceptable.
I should consider cancelling my LS600H order in protest.
If someone from Toyota Canada is reading this then I ask them to justify this price in Canada?
#2
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I wish I can be paying the equivalent of the US prices now for a new LS too, but I totally disagree it has anything to do with price gouging as I have explained before in THIS POST HERE.
The US$ has weakened a lot against most major world currencies in the past few years including the Canadian$ as well as the Euro & the Yen, so it's the US buyers that is paying less(although not to them in nominal terms in US$) than Canadians and all other countries.
Actually the new LS460 has increased in base price by US$5K over the base price of a LS430 in the US, versus a price increase of only a few hundred Canadian$ here.
Of course we Canadians tend to complain now, but we didn't see Canadians complaining about the relatively lower prices we were paying a few years ago when converted to US$, as illustrated in my post linked above.
The US$ has weakened a lot against most major world currencies in the past few years including the Canadian$ as well as the Euro & the Yen, so it's the US buyers that is paying less(although not to them in nominal terms in US$) than Canadians and all other countries.
Actually the new LS460 has increased in base price by US$5K over the base price of a LS430 in the US, versus a price increase of only a few hundred Canadian$ here.
Of course we Canadians tend to complain now, but we didn't see Canadians complaining about the relatively lower prices we were paying a few years ago when converted to US$, as illustrated in my post linked above.
Last edited by Gojirra99; 10-27-06 at 09:55 AM.
#3
So buy one from the US.
US price x 1.13 exchange x 1.06 duty = 1.20 roughly. It's not hard to do and Lexus Canada will honour your warranty.
But before you do, make sure you compare option vs option. Packages are different.
US price x 1.13 exchange x 1.06 duty = 1.20 roughly. It's not hard to do and Lexus Canada will honour your warranty.
But before you do, make sure you compare option vs option. Packages are different.
#5
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I heard this from a Lexus salesman though, so not sure if it's accurate, I think the best is to write to Lexus Canada to make sure.
Also, you still have to pay duties & other fees if you bring your car back to Canada to get it registered here, that also has to be taken into account . . .
Last edited by Gojirra99; 10-27-06 at 10:18 AM.
#6
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They should have forgone the increase altogether. It is only $10,000USD different between the short and long wheelbase; but in Canada it is $10,994.47USD more between the models. Lexus never had a long wheel base so they can not blame the rise in the Canadian Dollar for this price gauge. The Canadian dollar has also risen against the Yen just as much as the dollar so people can not blame the US$ going down because the Yen moves very close to the dollar.
Maybe this is why Toyota/Lexus does not sell as well in Canada as it does in the United States?
Maybe this is why Toyota/Lexus does not sell as well in Canada as it does in the United States?
I wish I can be paying the equivalent of the US prices now for a new LS too, but I totally disagree it has anything to do with price gouging as I have explained before in THIS POST HERE.
The US$ has weakened a lot against most major world currencies in the past few years including the Canadian$ as well as the Euro & the Yen, so it's the US buyers that is paying less(although not to them in nominal terms in US$) than Canadians and all other countries.
Actually the new LS460 has increased in base price by US$5K over the base price of a LS430 in the US, versus a price increase of only a few hundred Canadian$ here.
Of course we Canadians tend to complain now, but we didn't see Canadians complaining about the relatively lower prices we were paying a few years ago when converted to US$, as illustrated in my post linked above.
The US$ has weakened a lot against most major world currencies in the past few years including the Canadian$ as well as the Euro & the Yen, so it's the US buyers that is paying less(although not to them in nominal terms in US$) than Canadians and all other countries.
Actually the new LS460 has increased in base price by US$5K over the base price of a LS430 in the US, versus a price increase of only a few hundred Canadian$ here.
Of course we Canadians tend to complain now, but we didn't see Canadians complaining about the relatively lower prices we were paying a few years ago when converted to US$, as illustrated in my post linked above.
#7
They should have forgone the increase altogether. It is only $10,000USD different between the short and long wheelbase; but in Canada it is $10,994.47USD more between the models. Lexus never had a long wheel base so they can not blame the rise in the Canadian Dollar for this price gauge. The Canadian dollar has also risen against the Yen just as much as the dollar so people can not blame the US$ going down because the Yen moves very close to the dollar.
Maybe this is why Toyota/Lexus does not sell as well in Canada as it does in the United States?
Maybe this is why Toyota/Lexus does not sell as well in Canada as it does in the United States?
Honestly, price in Europe is sooo different, that I would probably order Lexus from USA. Difference in pricing is 30%, which is huge at these prices, and we are talking about fully imported cars with everything paid.
For GS450h, I would pay 100k in Europe after all taxes, while the model imported from US would cose 70-75k after all taxes... huge.
Same difference between European brands as well... Audi's are sooo cheap in the US. The thing is that european manufacturers will not recognize your warranty in Europe if not purchased there.
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#8
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jokingly, why dont canadians accept USD as their currency? I get to see soo many complaints about poor CAD through my work, it is getting ridicilous.
Honestly, price in Europe is sooo different, that I would probably order Lexus from USA. Difference in pricing is 30%, which is huge at these prices, and we are talking about fully imported cars with everything paid.
For GS450h, I would pay 100k in Europe after all taxes, while the model imported from US would cose 70-75k after all taxes... huge.
Same difference between European brands as well... Audi's are sooo cheap in the US. The thing is that european manufacturers will not recognize your warranty in Europe if not purchased there.
Honestly, price in Europe is sooo different, that I would probably order Lexus from USA. Difference in pricing is 30%, which is huge at these prices, and we are talking about fully imported cars with everything paid.
For GS450h, I would pay 100k in Europe after all taxes, while the model imported from US would cose 70-75k after all taxes... huge.
Same difference between European brands as well... Audi's are sooo cheap in the US. The thing is that european manufacturers will not recognize your warranty in Europe if not purchased there.
#10
#11
Not sure about that, I have heard Lexus dealers are not honouring warranties for US-bought cars because Lexus Canada won't pay them for their work & it's very difficult for them to get paid from Lexus USA.
I heard this from a Lexus salesman though, so not sure if it's accurate, I think the best is to write to Lexus Canada to make sure.
Also, you still have to pay duties & other fees if you bring your car back to Canada to get it registered here, that also has to be taken into account . . .
I heard this from a Lexus salesman though, so not sure if it's accurate, I think the best is to write to Lexus Canada to make sure.
Also, you still have to pay duties & other fees if you bring your car back to Canada to get it registered here, that also has to be taken into account . . .
Last edited by CDN_Lexus; 10-27-06 at 09:04 PM.
#12
Super Moderator
They should have forgone the increase altogether. It is only $10,000USD different between the short and long wheelbase; but in Canada it is $10,994.47USD more between the models. Lexus never had a long wheel base so they can not blame the rise in the Canadian Dollar for this price gauge.
That's why they can't base the Canadian pricing here on what the US exchange rate is. They obviously price their cars & options independently & not looking at the US prices to make sure it's in line with them all the time, common sense says that's impossible & they can't operate that way.
Also, what about the rest of the world then ? We can see that Lexus (& other luxury import cars) right now are also a lot more expensive in Europe & asia than in the US.
German luxury cars are actually more expensive in Germany & Europe right now than in the US using the current Euro/US exchange rates.
You can blame the Canadian$ for dropping to so low a level a few years ago relative to the US$ in some sense, so some foreigners don't expect it to rise so dramatically, or stay at the current level for long, but who knows.
Again this just shows that currencies exchange rates fluctuations can make things very tricky for the import/export business, they often have to hedge in the currencies exchange market to minimize their risks.
Last edited by Gojirra99; 10-28-06 at 12:43 AM.
#13
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I would say pricing is more set relative to competition and what the cost of doing business there is.
For example, what's an S550 go for in Canada?
For example, what's an S550 go for in Canada?
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