US vs Canadian car value
#1
US vs Canadian car value
Very keen on a used 2007 987 but the car started life in the US and odometer in MPH. Current owner imported the car to Toronto 10 years ago. Form the price point of view, pls advice if US car generally has a lower value than Canadian car? If yes, roughly what % of price differences to a similar Canadian car ? Thanks.
#2
Rennlist Member
Very keen on a used 2007 987 but the car started life in the US and odometer in MPH. Current owner imported the car to Toronto 10 years ago. Form the price point of view, pls advice if US car generally has a lower value than Canadian car? If yes, roughly what % of price differences to a similar Canadian car ? Thanks.
Do you know if it's a snow belt car or from the South West? Typically cars from the dry states are more desirable.
The car is already tax paid, so I would say the price would depend on condition and full service records, but might have a small discount for the MPH speedo. Definitely needs a good independent inspection though.
#3
Do you know if it's a snow belt car or from the South West? Typically cars from the dry states are more desirable.
The car is already tax paid, so I would say the price would depend on condition and full service records, but might have a small discount for the MPH speedo. Definitely needs a good independent inspection though.
The car is already tax paid, so I would say the price would depend on condition and full service records, but might have a small discount for the MPH speedo. Definitely needs a good independent inspection though.
#4
Rennlist Member
If you want to trade a US car at dealer they will tell you it will be discounted. If dealer is selling US car, no discount. If buying/selling privately should not make a difference. Speedo can be changed within programming to KMs. US cars are usually better optioned and often not exposed to salt.
#5
Intermediate
It’s about condition
I’ve bought a Porsche in the IS and imported it and I’ve also bought a Porsche here that was previously imported from the US.
in both cases it’s was about the condition and price. I don’t think that the mph speedometer gets any discount from what I’ve seen.
the added bonus is that if you decide to sell in the future. The US market is much more open as it would be easy to import back.
my opinion only.
in both cases it’s was about the condition and price. I don’t think that the mph speedometer gets any discount from what I’ve seen.
the added bonus is that if you decide to sell in the future. The US market is much more open as it would be easy to import back.
my opinion only.
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#6
Rennlist Member
The discount is a dealer ploy to maximize profits. I’ve gone US to Canada and the other way also. It’s all about the car Condition and the market. With all the digital speedos in the cars, which is what really counts, makes the difference negligible these days
#7
Racer
Both times I was buying my 911s (996/997) the US ones seemed cheaper by a few thousand here in Alberta. That said, I did not go look at many that originated in the US as I wanted Canadian car (I am more comfortable with the accuracy of the vehicle history) and many other enthusiasts I talked to were of same mind.
Looking at older Porsches (ex.. 993s, 356s) it seems there was less price differentiation betwixt Canadian & American cars.
Looking at older Porsches (ex.. 993s, 356s) it seems there was less price differentiation betwixt Canadian & American cars.
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#8
Drifting
Why would the accuracy of the vehicle history be influenced by whether it was a US or Cdn car?
Dan is right, for the dealers it heads they win, tails you lose. On a private sale its all about condition. If someone told me their Cdn car was more valuable then a US car in the same condition then I'd let him try and sell it to the next sucker. To me a US car from the south would be worth way more than any Cdn car as its just exposed to less intense weather in general
Dan is right, for the dealers it heads they win, tails you lose. On a private sale its all about condition. If someone told me their Cdn car was more valuable then a US car in the same condition then I'd let him try and sell it to the next sucker. To me a US car from the south would be worth way more than any Cdn car as its just exposed to less intense weather in general
#9
Racer
Maybe I am paranoid...but US vehicles are not for me.
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#12
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a true canadian car can be somewhat special. (in canada). Sometimes commands a little more.
USA car is nice if you want to sell it back to the USA for that u.s greenback...
USA car is nice if you want to sell it back to the USA for that u.s greenback...
#13
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However, while the value of a Canadian car is greater to me and probably other Canadians, the the overall resale value of a US car is greater than or equal to a Canadian car, as the US buyer pool is much bigger, and cars are more expensive in the US after doing currency conversion. Prior US cars in Canada are easier to re-import to US than Canadian cars, ans previously paid US duties don’t have to be paid again.
#14
Team Owner
It may not be a difference in value, but it may certainly reduce your potential market. I can't tell you logically why i do it but i wont buy a US car. Really however the logic doesnt matter, because i wont buy your car you have one less potential customer if that matters to you . For me it is a grey Market car..Yes they are all built on the same assembly line blah blah, but my personal opinion is those who tell you the value is the same are those who own US cars and are trying to preserve the value. If you have less potential buyers for those who might think like me ( rightly or wrongly ) , theoretically you may have to lower the price to sell it.
Further to this, you will notice those with Canadian cars ALWAYS list it in the for sale add, to make sure they differentiate from a grey market car and they wear i like a badge of honour when talking about the car.
yes the Logic dictates only condition should predicate the price, but the fact is it doesnt, because as we all know, buying cars for us is more emotion than logic.
i cant tell you how many people have leaned into my car , looked at the speedo and said " very nice, a Canadian car too ! "
my $2c. CAD
Further to this, you will notice those with Canadian cars ALWAYS list it in the for sale add, to make sure they differentiate from a grey market car and they wear i like a badge of honour when talking about the car.
yes the Logic dictates only condition should predicate the price, but the fact is it doesnt, because as we all know, buying cars for us is more emotion than logic.
i cant tell you how many people have leaned into my car , looked at the speedo and said " very nice, a Canadian car too ! "
my $2c. CAD
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#15
Rennlist Member
I will also be selling my 996Turbo back to the US if I ever sell it which is unlikely. Much bigger market and easy to export back to US. I also sold my US 993 Turbo back to the US. Generally,I prefer US cars from certain good weather states. I’ve bought 3 cars down there and have had good success with all of them. I’m also very very careful about what I buy in the US and from whom.