Currency exchange rates seem to fluctuate a lot these days. I found the
following URL which may help figure some of this out.
http://www3.dynamind-llc.com/currency/input.cfm
Good luck
Mark
-----Original Message-----
From: econrad [mailto:econrad@teal.csn.net]
Sent: Thursday, 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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