Blogs & Comment

Buy a car locally or import?

A Globe and Mail articlerecently asked if the stronger loonie made importing a car from the U.S. a better deal than buying locally. Savings of about $5,000 were foundona Porsche Caymanin the U.S., suggesting it wasbetter to import.
An acquaintance of mine bought a Porsche Cayman earlier this year. He found there wasnt much advantage to importing when buying anew vehicle (the Globe article priced a used vehicle). There was a price differential in favour of the U.S. car, but Porsche Canada dealers were offering currency rebates.
Apparently, they had in the pasttried to prohibit U.S. Porsche dealers from selling to Canadians but that didnt go over too well. To keep Canadians from going to the U.S., they began offering currency credits.
I dont know what the policy is atdealers selling other brands. But even if they dont advertise a currency credit, it probably wouldnt hurt to ask — at least for thehigh-end models. Mention that if you dont get the credit, youllbuy the U.S. carat the cheaper price. Maybe nothing will happen, but you never know.
If a deal can be arranged, buying locally will save a lot of the legwork and hassles of importing. I also have heard used car dealers in Canada have imported cars on their lots, so this tactic could perhaps also be applied to them.