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    Market Adjustment

    With the CDN dollar almost at par with the US, it seems that nearly everybody has been talking about going south to buy their next car. The savings on high end cars like Porsches has been dramatic lately.

    It seems that PAG has done something about that. Now, new inventories at CDN Porsche dealers list MA, or market adjustment, on the option list, and Canadian prices have come WAY WAY down.

    For example, I can get a new 2008 C4S with plenty of options for about $15,000 less than what I paid for my C2S with only a few options 18 months ago, or a nicely optioned 2008 911 Turbo for only $27,000 more (that difference used to be 40-50k).

    This should steer most people back into their Canadian dealers. Good for PAG.

    Re: Market Adjustment

    Interesting arbitrage....

    Would be curious what the diffces are btwn US and Cdn lease terms/sales tx calcs (for leases)...and how used P mkt values in C are affected....

    And what % of P buyers in Toronto/Montreal buy/lease (and keep) their P's at a FL winter house anyway (and perhaps an LA winter wkend house for the Vancouver crowd)....common phenom w/the NYC crowd who often have winter wkend houses in FL/CA....after all, while arb'g costs of new P btwn regions, why not also arb weather/consump culture/topography/roads/drivers' license domicile, etc?

    Re: Market Adjustment

    My 08 Cayenne Turbo is arriving soon and I will save some money from this market adjustment. I feel bad for the people who just bought their 07 Porsches.

    Re: Market Adjustment

    Man, I remember just a few years ago when I would go to Whistler for skiing and it was 67 US cents for a Loonie. Welcome to the United States of Argentina.

    Re: Market Adjustment

    This confirms a previous post that opened up this possibility... can some of our market experts comment on what this does to market prices of (Canadian) Porsches already purchased and now hitting the "barely used" market? Eg. I have seen a fair number of '07 997TT or GT3's, presumably bought by speculators/flippers, putting these on the used market at more or less MSRP plus a bit (that is, the old MSRP). My gut tells me that these sellers now need to lower prices to at least present lowered prices for new inventory... or why would anyone purchase slightly used for more than a new order?

    Re: Market Adjustment

    Yea, that will lower prices on the guy's that paid more and trying to make a buck on used one's. I'd be curious if it's still cheaper to import even with new prices?

    Re: Market Adjustment

    Hmmm.. one way to check. Since the Can. P-configurator still shows prices pre-market adjustment, you can compare prices for new (reduced) dealer inventory on their sites, subtract the price of all the options, and end up with the new, reduced base prices (assumes that Porsche is not reducing prices on its options, just base price). What you end up with, as an example for a 2008 C2S, is:

    Old 2008 base price: $CDN 114,800
    New 2008 base price: $CDN 103,300

    Market reduction for a C2S: $11,500

    But, on the US config, base price for a C2S is $US 83,800. Assuming a Can. dollar at par, thats still a $19,500 higher price at Canadian dealers, even with this current reduction - so SrfCity is correct - still a large incentive to cross-border shop.

    Re: Market Adjustment

    But what about duties and any other BS of bringing it across?

    Re: Market Adjustment

    The duty is 6% on German cars into Canada.

    I friend just brought in a Cayman and saved close to $30K net after all taxes, duties and other fees.

    Re: Market Adjustment

    The other issue to factor in regarding cross border buying is that the local (Canadian) resale value of American cars that are brought to Canada is lower - these cars lose value in Canada more quickly.

    There appears to be some "BS" or hassle involved in bringing the car accross the border but what I've read and heard from others who've done it doesn't sound that bad. One can also get a broker to take care of all of that, for a feee of course.

    I'm not sure I'd bother with all that crap given the adjusted Canadian prices.

    Re: Market Adjustment

    There is real money to be saved by buying in the US. The downside is the local Porsche dealers have been known to be very slow in repairing work under warranty.

    Personally, I don't have the time to go through all the hassle.

    Re: Market Adjustment

    Quote:
    U Boat Commander said:
    Man, I remember just a few years ago when I would go to Whistler for skiing and it was 67 US cents for a Loonie. Welcome to the United States of Argentina.



    I wonder if Porsche will really jack up the price of its cars to compensate for this big depreciation of the dollar?

    Jim

    Re: Market Adjustment

    Quote:
    Silver Bullet said:
    The other issue to factor in regarding cross border buying is that the local (Canadian) resale value of American cars that are brought to Canada is lower - these cars lose value in Canada more quickly.



    SB, can you cite a source for this information? I've never heard of it myself.

    Do you mean is that if a previously imported car is being re-sold in Canada, its price would be lower than an identically equipped "pure" Cdn car (in identical condition, same mileage, etc.)?

    That would not surprise me as the original price of the previously imported car was lower to begin with. ie. The importer paid less when originally importing the car. So the net depreciation to the original importer is the same as the net depreciation to the owner of the pure Cdn car.

    Or do you mean something else?

    Re: Market Adjustment

    Quote:
    plz said:
    Quote:
    Silver Bullet said:
    The other issue to factor in regarding cross border buying is that the local (Canadian) resale value of American cars that are brought to Canada is lower - these cars lose value in Canada more quickly.



    SB, can you cite a source for this information? I've never heard of it myself.

    Do you mean is that if a previously imported car is being re-sold in Canada, its price would be lower than an identically equipped "pure" Cdn car (in identical condition, same mileage, etc.)?

    That would not surprise me as the original price of the previously imported car was lower to begin with. ie. The importer paid less when originally importing the car. So the net depreciation to the original importer is the same as the net depreciation to the owner of the pure Cdn car.

    Or do you mean something else?




    I wasn't that clear in my post, but I meant exactly what you wrote. I don't have any info that says that they lose value more quickly, though it is plausible, since a US car would be somewhat less desirable here.

    I think the main point is not to bring the cars back and expect to sell them here at CDN prices . . .

    Re: Market Adjustment

    i just bought a pre-owned 2006 C4S Cab, MSRP in canada with options was $186k ...got it for $96, brought in from Arizona, car on road for 12 months, 9K miles....even the MA can't beat this deal!

    Re: Market Adjustment

    Quote:
    JUPJAI said:
    i just bought a pre-owned 2006 C4S Cab, MSRP in canada with options was $186k ...got it for $96, brought in from Arizona, car on road for 12 months, 9K miles....even the MA can't beat this deal!



    Congrats on purchase!

    Bring it out to some PCA-CWR events so we can take a look.

    Re: Market Adjustment

    Quote:
    JUPJAI said:
    i just bought a pre-owned 2006 C4S Cab, MSRP in canada with options was $186k ...got it for $96, brought in from Arizona, car on road for 12 months, 9K miles....even the MA can't beat this deal!




    Did you buy it new from Arizona?

     
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