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Justpassedu
Senior Member
Congrats on the purchase & not waiting it out , you made a great choice .
Ray92
Member
- First Name
- Ray
- Joined
- Apr 2, 2024
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- 0
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- 9
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- 5
- Location
- Lower Mainland, BC
- Car(s)
- 2011 Audi S4 6MT
I guess the US is getting quite a bit of ITS... Extremely limited here in Canada.
SomethingSomething
Member
But you get a lower priced, better equipped Civic Si, so it’s kind of a trade off.
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SilverRocket
Senior Member
Yeah, it's like around the equivalent of $45kUSD and it comes with the heated steering wheel from the factory. I discussed this with other members but we're fairly certain it has to do with the fact that buyers here (read, people who can't drive) feel the need to absolutely have AWD for winter so the competition like the S3 is more favorable. Different market dynamics, different prices.
wontondon
Senior Member
- Joined
- Apr 11, 2023
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- 1
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- 129
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- 159
- Location
- Ontario, Canada
- Car(s)
- DE5, MK7 GTI
Just looking at both countries' MSRP using today's FX rates...
Can't imagine many people up here would be lining up to buy this at $73K CAD.
| MSRP Country | USD | CAD |
| US | $52,995 | $72,701 |
| Canada | $42,516 | $58,326 |
Can't imagine many people up here would be lining up to buy this at $73K CAD.
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Vinnie
Senior Member
- First Name
- Vinnie
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- Mar 1, 2018
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- 3
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- 112
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- Chicago Suburbs
- Car(s)
- 2024 ITS LSM
- Thread starter
- #69
Hahahah trust me I’ve been that guy with big plans and then come up really short….but I’m only 5’5” so I come up short a lot hahah. Thanks!
ITSDAD
Senior Member
I don't understand the automotive industry's current obsession with "primer grey".
I guess it has everything to do with consumer/marketing trends, but how uninspiring.
I guess it has everything to do with consumer/marketing trends, but how uninspiring.
LOL not to mention that it cost most of us Canadians $1MM to live in a porta potty. Unless you can swing it, there is a small portion of canadians even concerned about auto ownership atm.
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SilverRocket
Senior Member
I put the laughing emoji because the Like system doesn't have a crying emoji.
It's ridiculous how much we pay for everything essential. Justine really screwed us over and I hope the next government will just get the F out of the way and let Canadians fix their own issues. The fix will never come from any party.
Back on topic, I totally agree that another price factor for the Canadian market is lack of disposable income.
Integra23
Senior Member
Lol. Just finance it?.
I have seen the HGTV shows and it's crazy. Don't know how you swing home loans 10x + your income. Is financing different?
Ray92
Member
- First Name
- Ray
- Joined
- Apr 2, 2024
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- 0
- Messages
- 9
- Reaction score
- 5
- Location
- Lower Mainland, BC
- Car(s)
- 2011 Audi S4 6MT
Not sure if we should laugh or cry. Probably the latter. Thats ok, our 50% tax rate on any decent income which lets us live in a shoebox goes towards our great "free" healthcare that only takes 12 hours to be seen in emergency, or months/years for critical surgeries! It's the best. I really don't know how people actually live day to day on average incomes here. I see individuals in the states complaining about 400K USD average priced detached homes. I think people here would go crazy for that. lol
Back to topic. I think with financing they just base it off your income and credit score... though I think paying 7.29% interest for a long term here, for an ITS would be beyond painful to see all those interest charges. 90k for an ITS, lol. Probably best to pay for the majority of the vehicle in cash unless some investment is pulling a greater return.
SilverRocket
Senior Member
Pretty much.
Here's my take on it and literally the money is where my mouth is, this is my own personal situation.
Out the door costs with all our lovely taxes and fees in La Belle Province was $69k CAD. I put down just over 20% and specifically played with the down payment amount to get a $400 bimonthly payment over 7 years at 7.29% with Honda Financing. If I didn't pay early by the end of 7 years I'd be looking at almost $16k in interest for a whopping total of $85k total cost to own.
However since it's an open loan I can make as many early payments as I want, if I pay off another $20k within the first two years which is feasible for me, and continue much smaller advancements thereafter, I can get as low as $4k in total interest. Realistically let's say $6k total which is what I'm targeting.
At the rate inflation is going, that $6k (10% of the value of the vehicle before tax) is a joke considering Acura already bumped the price up in the states $1kUSD, I expect much more base price increase over the next 4 years *at the current trajectory*. It's not that much of a stretch of the imagination and I fully expect that I'll be happy to pay the $6k interest to have locked in the price but time will tell.
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