R-Spec Canadian prices

[vega]

anybody buy a R-Spec in Canada? what was paid. The dealers in Southern Ontario are holding out for full list of $55,259.

What are retail prices like in the US? It may be worth the hassle to import one. Someone mentioned new R-Specs selling for $42,000 on one of these threads.

 

[Ruissimo]

anybody buy a R-Spec in Canada? what was paid. The dealers in Southern Ontario are holding out for full list of $55,259.

What are retail prices like in the US? It may be worth the hassle to import one. Someone mentioned new R-Specs selling for $42,000 on one of these threads.

$42 or lower (not including tax, title & fees, nor import). And whatever rules you good peeps up North have - here, when cars are imported, they have to adhere to all sorts of safety regulations (i.e. lighting, glass, safety features, etc). My guess is Canada and US have similar rules... not sure.

 

[vega]

Thanks Ruissimo.

$13,000 +++ difference, an inferior warranty, and an extra $1,000 thrown on top for destination charges ($1,775 here), Hyundai has joined the rest of the industry here in gouge and screw. When I purchased my 2010 I was within $1,100 of US pricing. 2 years later, with our dollar at par, the bottom line would be $14,300 (tax in) difference.

I'll have to check to see if Hyundai will honor the warranty on an imported car. Most manufacturers will not to protect their massive mark ups this side of the border (so much for free trade).

In 2006 I imported an STS and saved over $34,700 on identical cars.

 

[Mark_888]

Thanks Ruissimo.

$13,000 +++ difference, an inferior warranty, and an extra $1,000 thrown on top for destination charges ($1,775 here), Hyundai has joined the rest of the industry here in gouge and screw. When I purchased my 2010 I was within $1,100 of US pricing. 2 years later, with our dollar at par, the bottom line would be $14,300 (tax in) difference.

I'll have to check to see if Hyundai will honor the warranty on an imported car. Most manufacturers will not to protect their massive mark ups this side of the border (so much for free trade).

In 2006 I imported an STS and saved over $34,700 on identical cars.

Hyundai Auto Canada and Hyundai Motor America are two different companies, and it is the importer/distributor that offers the warranty, not the manufacturer (even though it is called a manufacturer warranty).

I am assuming that at least some of the difference is import duties? Do you know how much?

 

[stuofsci02]

I don't think it is import duties.. I just bought a Dodge Grand Caravan for the family, and the MSRP here in Canada was almost the same as in the US.. For the base model it is actually cheaper here in Canada.

 

[Mark_888]

I don't think it is import duties.. I just bought a Dodge Grand Caravan for the family, and the MSRP here in Canada was a hair lower then in the US..

Import duties don't apply to verhicles made in North America due to NAFTA.

 

[vega]

I'm not sure about importing a Hyundai, but the total cost for import fees on the STS was less than $730. I had to pay sales tax at the border, and have a compliance certificate showing the Canadian safety regulations were met, that cost $150. In this case it was just turning on the daytime running lights, which the dealer did for $50.

My neighbor imported a Subaru 2 years ago, and excluding tax, all fees from the government were less than $800. He saves over $9,600 on his Outback, and Subaru honored the warranty. If there were other import fees, they surely would have charged them on his vehicle.

Not many manufacturers will honor warranties so as to maintain there premium mark ups here. It is illegal under many laws, and there are class actions that have dragged on for the last 12 years. The government refuses to enforce the laws (NAFTA, FTA, Competition Act, Price Fixing Act etc) which the industry is engaged in.

A great example of this was in 2005 I purchased an Impala SS (made solely in Oshawa ON) from the US. The US freight charge then was $625, the freight charge in Canada was $1350. The best price I could get in Canada pre tax was $48,760. My purchase in the US came to $29,825. GM refused to honor the warranty on the car which I discovered too late.

 

[Mark_888]

I'm not sure about importing a Hyundai, but the total cost for import fees on the STS was less than $730. I had to pay sales tax at the border, and have a compliance certificate showing the Canadian safety regulations were met, that cost $150. In this case it was just turning on the daytime running lights, which the dealer did for $50.

My neighbor imported a Subaru 2 years ago, and excluding tax, all fees from the government were less than $800. He saves over $9,600 on his Outback, and Subaru honored the warranty. If there were other import fees, they surely would have charged them on his vehicle.

Not many manufacturers will honor warranties so as to maintain there premium mark ups here. It is illegal under many laws, and there are class actions that have dragged on for the last 12 years. The government refuses to enforce the laws (NAFTA, FTA, Competition Act, Price Fixing Act etc) which the industry is engaged in.

A great example of this was in 2005 I purchased an Impala SS (made solely in Oshawa ON) from the US. The US freight charge then was $625, the freight charge in Canada was $1350. The best price I could get in Canada pre tax was $48,760. My purchase in the US came to $29,825. GM refused to honor the warranty on the car which I discovered too late.

Yeah, but you get free health care.

 

[vega]

Yeah, but you get free health care.

If there was tax differences due to any government programs on the purchase of a vehicle, they surely would be added to the fees at the border, and I would have had to pay them. Our health care is funded through the income tax system.

In my view this is nothing more than taking advantage of Canadians. Most of the dealers here agree, the governments lack of law enforcement allows manufacturers to fix prices in a controlled market.

 

[Mark_888]

If there was tax differences due to any government programs on the purchase of a vehicle, they surely would be added to the fees at the border, and I would have had to pay them. Our health care is funded through the income tax system.

In my view this is nothing more than taking advantage of Canadians. Most of the dealers here agree, the governments lack of law enforcement allows manufacturers to fix prices in a controlled market.

As I mentioned, some of the difference is import duties for cars made outside of North America. Import duties are different for new vs used cars. But that is obviously not all of the differences.

The Hyundai Genesis sells for significantly more in Korea, Middle East, and Russia than it does in the US. Hyundai obviously decided to take a loss on US sales, the same way that Toyota was accused of that when Lexus first was introduced in the US. The purpose of this discounting is to create market share, and then recoup the costs in the long run. This is not a big deal for Hyundai, who makes over 3 million vehicles per year, and Genesis sales in the US are minuscule in comparison.

I think one reason that the Genesis gets this special treatment in the US is that when Hyundai first was sold in the US in the 1980's, it was the butt of many jokes about lack of quality. They are just now starting to recover from that fiasco and the average American is not going to purchase a Hyundai unless a comparable vehicle is cheaper than other more well-known brands.

So maybe, much of the price difference is special US pricing, rather than special Canadian pricing (since Genesis is also very expensive anywhere outside the US).

But I also think that there are many systemic things that differentiate competition in the US vs Canada.

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[Ruissimo]

I agree... expect significant price creep on the Genesis and Equus in years to come.

Who wants to bet the next gen Genesis tops $52k?

 

[DJaxx]

I'm not sure about importing a Hyundai, but the total cost for import fees on the STS was less than $730. I had to pay sales tax at the border, and have a compliance certificate showing the Canadian safety regulations were met, that cost $150. In this case it was just turning on the daytime running lights, which the dealer did for $50.

My neighbor imported a Subaru 2 years ago, and excluding tax, all fees from the government were less than $800. He saves over $9,600 on his Outback, and Subaru honored the warranty. If there were other import fees, they surely would have charged them on his vehicle.

Not many manufacturers will honor warranties so as to maintain there premium mark ups here. It is illegal under many laws, and there are class actions that have dragged on for the last 12 years. The government refuses to enforce the laws (NAFTA, FTA, Competition Act, Price Fixing Act etc) which the industry is engaged in.

A great example of this was in 2005 I purchased an Impala SS (made solely in Oshawa ON) from the US. The US freight charge then was $625, the freight charge in Canada was $1350. The best price I could get in Canada pre tax was $48,760. My purchase in the US came to $29,825. GM refused to honor the warranty on the car which I discovered too late.

I wholeheartedly agree on the price gouging/profiteering. Many manufacturers also have strict policies that preclude dealerships in the northern States from selling to Canadian residents....that said, if you were saving $20K on purchase price, the lack of warranty coverage should be immaterial......

 

[forzza1]

anybody buy a R-Spec in Canada? what was paid. The dealers in Southern Ontario are holding out for full list of $55,259.

What are retail prices like in the US? It may be worth the hassle to import one. Someone mentioned new R-Specs selling for $42,000 on one of these threads.

Register with carcostcanada.com and you'll qualify for some discounts and factory rebates.This is what I did and got my R-Spec a few G's cheaper than the sticker price.

 

[nmaclean]

anybody buy a R-Spec in Canada? what was paid. The dealers in Southern Ontario are holding out for full list of $55,259.

What are retail prices like in the US? It may be worth the hassle to import one.

A Canadian dealer agreed to sell me an R-Spec sedan for $50,093 before tax. With taxes that’s $52,724 on the road. At MSRP it would be $58,148. Too bad they don’t have any in stock.

I also considered buying in the USA. It should be possible to get one for $41,000, but the added costs are substantial: border and Canadian standards compliance fees are about $250; Canadian federal 6.3% duty is $2,583; A/C and tire tax here is $120; buying 3 years of local Motor Club roadside assistance is $350; and 5% GST is $2,215. So the US car comes to $46,518 on the road.

Unfortunately, that road is in Seattle. One way airfare, taxis, hotel and meals (2 days to get the car over the border, and then a 12 hour drive home), fuel, and 1,200 km of wear together cost another $1,040. That’s without accounting for loss of income. Now the US car comes to $47,558.

I’ve got the cash, but the local dealer won’t discount for a cash sale! Hyundai Canada will finance with $0 down at 0% for 4 years. So, invest the $52,724 instead, make the 48 payments, pay the income tax on the earnings, and net $3,853. (That also nets out what I would earn by investing the USA purchase savings.) Now the local car effectively comes down to $48,871.

With these assumptions the US car is $1,313 cheaper than buying it here, with the dollars at par. I’m assuming I can completely avoid WA state taxes.

To save that $1,300 I have to miss 3 days of work, get groped at the airport, get no local dealer “adjustments”, no Hyundai Canada warranty, have to break in the engine on the highway, have no metric speedo/odometer, and have possible insurance and registration hassles.

I assume the US and Canadian cars are otherwise identical, but it’s not clear if the US V8s actually do have the uprated battery and alternator, and the limited slip differential that they supposedly have in Canada.

Did I mention no warranty? I had a 2 month old Chrysler 300M spin a crankshaft bearing. They paid, but imagine the cost of an engine replacement. Or a Lexicon head unit.

To me, it’s not worth the bother and the risk. I’m going to try grinding the locals.

 

[johnnydee]

A Canadian dealer agreed to sell me an R-Spec sedan for $50,093 before tax. With taxes that’s $52,724 on the road. At MSRP it would be $58,148. Too bad they don’t have any in stock.

I also considered buying in the USA. It should be possible to get one for $41,000, but the added costs are substantial: border and Canadian standards compliance fees are about $250; Canadian federal 6.3% duty is $2,583; A/C and tire tax here is $120; buying 3 years of local Motor Club roadside assistance is $350; and 5% GST is $2,215. So the US car comes to $46,518 on the road.

Unfortunately, that road is in Seattle. One way airfare, taxis, hotel and meals (2 days to get the car over the border, and then a 12 hour drive home), fuel, and 1,200 km of wear together cost another $1,040. That’s without accounting for loss of income. Now the US car comes to $47,558.

I’ve got the cash, but the local dealer won’t discount for a cash sale! Hyundai Canada will finance with $0 down at 0% for 4 years. So, invest the $52,724 instead, make the 48 payments, pay the income tax on the earnings, and net $3,853. (That also nets out what I would earn by investing the USA purchase savings.) Now the local car effectively comes down to $48,871.

With these assumptions the US car is $1,313 cheaper than buying it here, with the dollars at par. I’m assuming I can completely avoid WA state taxes.

To save that $1,300 I have to miss 3 days of work, get groped at the airport, get no local dealer “adjustments”, no Hyundai Canada warranty, have to break in the engine on the highway, have no metric speedo/odometer, and have possible insurance and registration hassles.

I assume the US and Canadian cars are otherwise identical, but it’s not clear if the US V8s actually do have the uprated battery and alternator, and the limited slip differential that they supposedly have in Canada.

Did I mention no warranty? I had a 2 month old Chrysler 300M spin a crankshaft bearing. They paid, but imagine the cost of an engine replacement. Or a Lexicon head unit.

To me, it’s not worth the bother and the risk. I’m going to try grinding the locals.

Are you sure you're not a dealer trying to put a spin on it!
Sounds to me like a lot of justification to support the auto manufacturers ripoff of the Canadian consumer!
It was one thing when the dollar was at a 50% discount to the US$ but when the dollars are at par give me a break!