It sucks to be an Audi buyer in Canada

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Old 03-03-2005, 09:38 AM
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Default It sucks to be an Audi buyer in Canada

Audi A6 4.2

MSRP = $51,500 USD
MSRP in Canada = $71,900 == $58k (using 1.24 current FX rate).

This is probably why I think that every car in this price range is a rip off whether it's the Lexus GS, Acura RL, Infiniti M, or Audi A6.

It looks like all the car companies are locked in at 1.40. maybe it'll correct by next year?

Any thoughts? Where's YS4 when you need him!
Old 03-03-2005, 09:57 AM
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try buying one in Europe!
Old 03-03-2005, 10:20 AM
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try buying one in US
Old 03-03-2005, 10:21 AM
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Default We had an advantage on the US when the exchange was 1.5. Car companies hedge the currencies

well into the future so hopefully we can reap the reward of the better exchange shortly.
Old 03-03-2005, 10:37 AM
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YS4
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Default Yes, the conversion rates are around 1.4000 now

But when Usd/Cad was up at 1.6000 couple years ago, the conversion rates seemed to be around 1.3500. Back then cars were actually cheaper up here. Seems there's about a 1.5 year lag. Not sure why it's so inefficient.

Since $/cad collpased down to current levels from those all time highs a year ago, I imagine that 1.4000 rate will be brought back to say 1.3000 over the next year, as long as funds ($/cad) stays in this 1.1800-1.2800 range which it probably will. I think $/cad belongs somewhere around Par (1.0000) myself as a long term view.

Just the luck of the draw with the timing. Couple of years ago, US dealers would be flocking up here to buy the hot new cars (and used) like the 350Z and the Honda S2000. Anyways, always an excuse to wait I guess. Would it be worth your while to go to Ohio or NY and buy a car there? I suppose not. With your means, you shouldnt even be quibbling about $5-15k..shame on you =)...Just step up and order that 997 Ruf Turbo will ya?
Old 03-03-2005, 10:40 AM
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YS4
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Default My brother in law just bought a used 'vette from Kansas couple months ago.

Even with the flight from alberta and hotel, he still saved about $3k.
Old 03-03-2005, 10:47 AM
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Default BMW, for example, can hedge up to 3-5 years depending on where Euro/Cad is.

But right now, most of their hedges come off in about 1 year. Not sure aobut the other car companies, but I imagine VW/Audi is not dissimilar.
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