Any Canadians taking advantage of the current exchange rates?

**Arki** · 06-19-2007 11:23 AM

I myself just made a fair amount on an imported car from the US. Right now there are a select number of models selling on ebay for relatively low prices. The margins are quite large when comparing these models to their Canadian counterparts. This could be especially lucrative to those in low tax provinces such as Alberta... after paying tax and import/customs you can come out quite a bit ahead.

Look at the new GT500 from Ford...

**GreenUp** · 06-19-2007 11:31 AM

Originally Posted by Arki

I myself just made a fair amount on an imported car from the US. Right now there are a select number of models selling on ebay for relatively low prices. The margins are quite large when comparing these models to their Canadian counterparts. This could be especially lucrative to those in low tax provinces such as Alberta... after paying tax and import/customs you can come out quite a bit ahead.

Look at the new GT500 from Ford...

hey,good to meet another person from Canada on here!
what province are you in and do you know how this would work out in Ontario(Toronto)?

thanks

**DrMoney** · 06-19-2007 11:35 AM

Hm, How big are these margins? and after getting them their and putting them up? how much would you really make?

Will the Time-to-Money Ratio give you more money? or will you lose money?

Also? do you have the capital?

**Arki** · 06-19-2007 11:50 AM

In my case, the car registered was done so in Nova Scotia as the car was originally planned to be kept. In Nova Scotia you are permitted to sell up to 6 cars (I believe) without a dealer license. But you also get hit with more tax, than say, Alberta.

After all was said and done I made a 27% return. But I was fortunate enough to have the full price of the car without a loan/financing.

**Arki** · 06-19-2007 11:53 AM

Originally Posted by DrMoney

Hm, How big are these margins? and after getting them their and putting them up? how much would you really make?

Will the Time-to-Money Ratio give you more money? or will you lose money?

Also? do you have the capital?

That ratio would depend on the exchange rate, would it not? When dealing with something like the depreciation of cars and exchange rates, I like to keep the turnaround time at a minimum.

**Arki** · 06-19-2007 11:55 AM

Originally Posted by GreenUp

hey,good to meet another person from Canada on here!
what province are you in and do you know how this would work out in Ontario(Toronto)?

thanks

I don't know anything about how this would work in Ontario, but I would wager a guess it would be a similar process. A quick check on your RMV site or a phone call would clear it up.

**Arki** · 06-19-2007 11:59 AM

Low mileage H3's look to have quite the large margins right now. As do most high end sports cars.

**Zoxak** · 06-19-2007 01:47 PM

I like your idea Arki. Generally auto prices in America are a lot lower than here in Canada. This has been going on for a while. But with the strength of the Canadian dollar increasingly relative to the greenback, we're looking at pretty hefty margins for those who know what they are doing. A nice window of opportunity.

I have some questions to ask, if I may.
- Are you doing all of your buying on eBay?
- Exactly how much tax to you have to pay on imports in Nova Scotia?
- Who are you selling to/what channels are you using? (online, newspaper ads?)
- Are you buying used and if so, how much are you paying to get your imported vehicles certified?

Great to see another Canadian on the boards by the way. =)

**Arki** · 06-21-2007 01:50 PM

Originally Posted by Zoxak

I have some questions to ask, if I may.
1. Are you doing all of your buying on eBay?
2. Exactly how much tax to you have to pay on imports in Nova Scotia?
3. Who are you selling to/what channels are you using? (online, newspaper ads?)
4. Are you buying used and if so, how much are you paying to get your imported vehicles certified?

Great to see another Canadian on the boards by the way. =)

1. I've only bought the one car so far and I bought it through a dealer in Edmonton, who bought it off eBay. This way I didn't have to deal with the transfer of warranty etc. I used eBay as an example in my previous posts as its a quick and easy medium, it also provides a safety net of sorts.

2. Tax paid was 14% total...6% paid to the dealer in Edmonton the remainder paid when the vehicle is registered.

3. Car was sold by word of mouth and personal networks. But I did use online websites (msg boards like this etc)

4. Very low mileage used cars. This have already taken the initial 'off the lot' depreciation hit, but still have factory warranty and new car smell