Heart drops
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Lexus Test Driver
Joined: May 2006
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From: QC/FRANCE
Heart drops
CL Community Team
Joined: Oct 2002
Posts: 30,277
Likes: 354
From: Canada
For example, when I bought my 03 SC430 in October 2002 :
MSRP in Canada was C$89K, MSRP in USA was US$62K, the exchange rate then was 0.63. Thus Canadian price for the SC was equivalent to 0.63 x C$89K = US$56K, so it was a few thousand dollars cheaper for a comparable car in Canada.
Today, the MSRP for a SC430 is C$93K in Canada, US$66K in USA.
The price in US actually have increased a little more than in Canada compared to 4 years ago, but the exchange rate today is 0.887.
Thus the Canadian price for the SC is now equivalent to 0.887 x C$93K = US$82K
that's US$16K more than the same car in the U.S.
Last edited by Gojirra99; Oct 5, 2006 at 10:32 AM. Reason: typo
There are import tax differences but this is all about the exchange rates changing because the US$ has weakened against most major world currencies including the Canadian$ compared to a few years ago. They can't drammatically increase the U.S. price just because the US$ have weakened.
For example, when I bought my 03 SC430 in October 2002 :
MSRP in Canada was C$89K, MSRP in USA was US$62K, the exchange rate then was 0.63. Thus Canadian price for the SC was equivalent to 0.63 x C$89K = US$56K, so it was a few thousand dollars cheaper for a comparable car in Canada.
Today, the MSRP for a SC430 is C$93K in Canada, US$66K in USA.
The price in US actually have increased a little more than in Canada compared to 4 years ago, but the exchange rate today is 0.887.
Thus the Canadian price for the SC is now equivalent to 0.887 x C$93K = US$82K that's US$16K more than the same car in the U.S.
For example, when I bought my 03 SC430 in October 2002 :
MSRP in Canada was C$89K, MSRP in USA was US$62K, the exchange rate then was 0.63. Thus Canadian price for the SC was equivalent to 0.63 x C$89K = US$56K, so it was a few thousand dollars cheaper for a comparable car in Canada.
Today, the MSRP for a SC430 is C$93K in Canada, US$66K in USA.
The price in US actually have increased a little more than in Canada compared to 4 years ago, but the exchange rate today is 0.887.
Thus the Canadian price for the SC is now equivalent to 0.887 x C$93K = US$82K
that's US$16K more than the same car in the U.S.Wow, hopefully that means the resale value of your car is near what you paid for it or more!
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CL Community Team
Joined: Oct 2002
Posts: 30,277
Likes: 354
From: Canada
What kind of voodoo math do you have in mind ? or can you find me an American willing to pay me US$56K for my 4 year old very low mileage SC430 - tell him it's a good deal 'cause a brand new one is US$82K & mine's as good as new 
. Too bad US$56K is not worth nearly as much to me as it was 4 years ago . . .
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vipermann1
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Dec 14, 2006 09:49 PM