Sunday, March 18th, 2007. Post written by: Jim

High Canadian Dollar, Importing From US Makes Sense!

Yeah, well, the high Canadian dollar these days probably have a lot of Canadian considering importing automobiles from the United States, especially if you live close to the border, and are considering a big purchase. For average cars, the savings vs. pains of going through the importation process may be a high deterrent for most, but if you’re considering a big purchase of a car for say $100,000 then there will be considerable savings that will make the importation process worthwhile.

I’ve been seriously thinking about (pretty much decided) to get myself a brand spanking new Porsche Boxster S (or Cayman S – leaning towards Cayman S atm), and after checking out the MSRPs for the exact same models from the official US vs. the Canadian Porsche websites ( and, the US Porsches cost on average $10,000 to $13,000 cheaper (on the cayman S model), and I did the coversion using an less favorable CAN rate at $1.20 (which is around 1.175 at the time of writing).

Basically, for the Boxster series, I can expect to save $10,000 to $12,000 buying US, and for the Cayman models, i can expect to save ($11,000 to $14,000). The US Cayman S MSRP is $58,900 ($69,200CAD at $1.175), whereas the same Canadian Cayman S lists for $83,300, a discount of $14,100!! Unbelievable…

Importing Cars Into Canada

If the savings weren’t so significant, I might not even consider this route, but $14,000 is a considerable amount. I imagine there would be alot of hassles and paper work and inspections and whatnot after importing it into Canada, so I been doing some research on the subject.

First of all, I had to make sure the Porsche model I wanted is admissible at all into Canada, so I checked here: and no problems there.

Next I need to find out if there will be tarrifs / duties that will make the savings negligible, and according to ”Under the North American Free Trade Agreement (NAFTA), vehicles that are assembled in the United States or Canada do not have any import tariffs. This is indicated by a 1, 2, 4 or 5 as the first digit of the VIN. ” Good…

Now I need to do some research on the entire importing process! Find out what’s involved, and what needs to be done! And maybe that’ll be a good bargaining chip when I go to the Porsche dealer again here in Vancouver! :D Or perhaps I can ask the dealer to import a US Porsche for me instead, or maybe find a dealer specializing in cross border sales.

 Somethings I need to figure out include:

  • - If the US Porsche mfg. warranty extends to Canada – since some car makers are known to void warranties in an effort to stop cross border sales (Why sell a car for $14,000 less, right? But there are rules and regulations to protect the rights of the consumers.)
  • - Also need to find out if I need to pay US taxes on the new vehicle on top of the PST + GST + Luxury car tax that will need to be paid once the car is in Canada

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