motor

Shinigami · 09-21-2007, 10:56 AM

Originally Posted by philip

However, the Blue Devil Corvette will be dirt cheap overseas, that is if the foreign governments dont add all kinds of import duties and value added taxes as they are so well know for.

Unfortunately, that is exactly what they will do.

dutchmasterflex · 09-21-2007, 02:32 PM

Damn. I remember some people here saying that this would never happen.

vexor · 09-21-2007, 07:02 PM

^^^ it's happened before.... mid 70's

philip · 09-21-2007, 08:45 PM

In the '80's the US currency was high.

Porsche and Mercedes didnt want to sell their cars cheaper than US cars, as they liked the cashe' of being known as a luxury brand, so their cars were priced higher than they should have been in the US.

That is how the grey market cars started. People would go to Germany and buy the cars directly with their valuable US dollars and import them in to the US directly. Supposedly you could save $10,000.

You can tell a grey market car in the US today by the ZZZ in the vin number. Buyer beware in the US. All Ferrari Boxers in the US are grey market. DOT papers are really important.

corpse_grinder0 · 09-22-2007, 12:18 AM

so I was talking to someone today, and aparently they said the reason the canadian dollar has been rising is the cost of oil. they said as oil prices increase so does the canadian dollar. is this true?

vexor · 09-22-2007, 12:25 AM

^^^^ yep.. well half of the reason why. They mine for oil in Alberta

5vz-fe · 09-22-2007, 01:59 AM

^oil sand also

nthfinity · 09-22-2007, 02:03 AM

Originally Posted by vexor

^^^^ yep.. well half of the reason why. They mine for oil in Alberta

For ever 3 oil wells made in canada, 5 pop up in international waters in the gulf, and we find 10 more locations, and drill none

(i'm basing that on no statistics, or facts BTW)

nthfinity · 09-22-2007, 02:06 AM

Originally Posted by philip

In the '80's the US currency was high.

Porsche and Mercedes didnt want to sell their cars cheaper than US cars, as they liked the cashe' of being known as a luxury brand, so their cars were priced higher than they should have been in the US.

That is how the grey market cars started. People would go to Germany and buy the cars directly with their valuable US dollars and import them in to the US directly. Supposedly you could save $10,000.

You can tell a grey market car in the US today by the ZZZ in the vin number. Buyer beware in the US. All Ferrari Boxers in the US are grey market. DOT papers are really important.

there are a lot more reason for gray market cars... in the 90's, some cars that weren't available in the US hold vin tags that belong to "similar" but the wrong car... hence, why "some" of the Lamborghini Diablo GTR's here are here... and DOT/EPA etc. people overlooked them since they were already vin'ed as US spec... (actually illegal... beware)

Stikz · 09-22-2007, 12:03 PM

Have a look at this:

http://www.wheels.ca/article/31673

road trip

philip · 09-22-2007, 04:53 PM

Originally Posted by corpse_grinder0

so I was talking to someone today, and aparently they said the reason the canadian dollar has been rising is the cost of oil. they said as oil prices increase so does the canadian dollar. is this true?

Commodities are king right at the moment. Oil gold silver copper timber etc etc. Canada has tons of that stuff, lots of foreign companies are trying to get a piece of it so they need Canadian dollars to buy in, so the Canadian dollar goes up.

The US on the other hand is spending by borrowing money like a Democrat, war in Iraq, oil for SUV's and 500 hp cars, big screen TV's, toys with lead in them from China etc, etc. At the same time the FED is keeping interest rates low to stimulate the economy. Foreign investors are not as likely to want to own US dollars as they can't get much interest for their money plus the US dollar keeps dropping in value so the sell their dollars and buy Canadian dollars and Euros.

Foreign governments are also rethinking only having US dollars for their cash reserves. Some are going to a market basket, a little of everyones currency and maybe a little gold. So as they do this the US dollar falls and the more it falls the more people get rid of it further reducing the value. Wait till China decides it does not want any more US dollars. Look out, it could get really messy.

I'm figuring when we finally pull out of Iraq thats about when the stuff will hit the fan.

5vz-fe · 09-22-2007, 05:19 PM

^hey now philp, don't scare me too much. I have quite some investments in USD.

philip · 09-22-2007, 11:12 PM

Originally Posted by 5vz-fe

^hey now philp, don't scare me too much. I have quite some investments in USD.

What goes up comes down what comes down goes up. (except for Enron , Worldcom and maybe your '76 Vette)

Buy when there is blood in the street. With the USD its not there yet.

I missed some great opportunities a while back. I thought, oh the Euro will always be .85 USD and the Canadian dollar will always be .65 USD.

Damn back then there was this great 1 bedroom ski condo in Ferny in Alberta for I think 25k Canadian and I passed it up. What a dumb *hit I was.

5vz-fe · 09-22-2007, 11:27 PM

^LOL!! Yeah man, I know what you mean. There's always a saying "If I only knew..."

79TA · 09-25-2007, 02:58 AM

craziness. I didn't know the Canadian dollar had gone up so much until yesterday. Before then, I just assumed it stayed at the usual 66 cent mark or so like it always had done before.