You got it right, Eric. Our poor, little 'loonie' (named for the picture of
the Loon (a bird, not a politician) on one side) is currently worth about 65
cents U.S., or (what really hurts!) that one USD costs about $1.50 Canadian!
A car worth $8000 in the States suddenly becomes $12,000 for us up here. A
strong incentive to sell at times (but I've had my 1976 TR6 since 1979 -
it'd be like losing an arm or leg).
Cheers, JD.
-----Original Message-----
From: econrad [SMTP:econrad@teal.csn.net]
Sent: January 21, 1999 2:20 PM
To: 'Triumphs' (E-mail)
Subject: RE: Canadian Car Sale
If I'm thinking of this correctly, one pitfall would be that she
should either have the Canadian pay in US currency, or she should ensure
that the current exchange rate is figured into the sale.
If the Canadian dollar is "weaker" than the US dollar, then it takes
more than one whole Canadian dollar to make up one whole US dollar. Let's
say the deal is for a US owned car, asking price is $1,000 US. If the
Canadian is only offering to pay $1,000 dollars, unbeknownst to the owner
that they are in fact only Canadian dollars, the owner actually sold the car
for less than the $1,000 US.
Am I thinking correctly?
Anyway, it might be something to watch out for. Sorry I don't have
the conversion figures. They will be helpful.
Eric Conrad
Denver, CO
econrad@teal.csn.net
-----Original Message-----
From: Bob Danielson [SMTP:rdaniels@snet.net]
Sent: Thursday, January 21, 1999 11:59 AM
To: Triumph
Subject: Canadian Car Sale
A friend of mine just sold her Spit to a Canadian and is wondering
if there
are any pitfalls surrounding a cross border sale. As the US Citizen
selling
a car to a Canadian is there anything in particular she needs to do?
Does
the Canadian buyer have anything special they need to do to get the
car into
Canada?
Thanks
Bob Danielson
75 TR6 - status at
http://pages.cthome.net/BobD
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