Ever thought about importing a pre-owned car from the U.S.? This could be a good time to do it.
MONEY SPENT WISELY | Buying a pre-owned car in the U.S. is not the sizzling topic it was in 2007 when the price of relatively new used cars was much higher this side of the border (I’m told Canadian dealers have made an effort in the past few years to mitigate the disparity). Still, the Canadian dollar is at par right now and could go higher, while the U.S. economy remains in a slump. One can only imagine that a larger than average number of U.S. car owners are defaulting on payments, and that lots of auto dealerships are staring at overstock—circumstances that could work to the advantage of Canadians car shopping down south. Get the whole story