Porsche Canada drops prices by 10%+ for 2008

Porsche Canada announced two days ago that they are dropping the prices on their 2008 model lineup by 10% or more (depending on the model) over the 2007 versions.  Why? Because with the Canadian dollar now at par with the US Dollar, it is cheaper to cross the border and purchase the same car from the States.

porsche.jpgThe Toronto Star has a great article on this, and even though Porsche has dropped prices it STILL makes more sense to buy a Porsche in the States – in other words, the prices should be the same as in the States and that would require a much more significant price drop! :)  Doesn’t really matter – I still can’t afford a Porsche…

CLICK HERE TO READ THE TORONTO STAR ARTICLE 

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Preet Banerjee
Preet Banerjee
...is an independent consultant to the financial services industry and a personal finance commentator. You can learn more about Preet at his personal website and you can click here to follow him on Twitter.
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  • reza

    this car is mine