If you are considering a new Honda CR-V I suggest being very careful of
the price.
A friend and I were checking out USA vs Canadian prices and found the
CR-V is at least 35% more (1.35) in Canada. That's an exchange rate
from several years ago and results it a huge price premium.
A reasonable rate for the 2007 model year would have about 1.15 to 1.20.
For the 2008 model year 1.1 to 1.5 would be reasonable.
Eventually Honda will have to adjust their CDN prices and that will
result in a sudden depreciation of their used cars.
If you don't plan to keep your Honda car for 7 to 10 years, leasing may
be a way to protect your investment from possible high depreciation when
Honda eventually adjusts their prices, because it looks like the CDN$
will continue rising in relation to the US$.
I'm sure there are other vehicle makes showing the same stale US/CDN
exchange rate in their pricing.
FAQ
Profile
Private Messages
Log in
