leftover_salmon
Senior Member
- Joined
- May 26, 2007
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I'm a Canadian citizen who will be graduating college (in the U.S.) in May. I've been looking at financing/leasing a car, which will, in large part, be a graduation present from my dad.
In between the current exchange rate, US vs. Cdn taxes, and the difference in price between the same car in Canada and the U.S. (an S4 in this case -- $45k in US vs. $53k in Canada), purchasing it in the U.S. seems like a no-brainer.
Given that I'm on a student visa, I'm classified as a US resident; thus, as far as Canada is concerned, I am a visitor and will be for 60 days after I graduate. As far as I know (and what has seemed to be the case), I can buy whatever I want in the U.S. while I am a student as long as it's for me. So it would seem my situation would be analogous to someone who worked in the U.S., had a car, and was transferred/moved to Canada and brought the car with them.
Does anyone have any experience with this and how financing/leasing may work? Any potential risks (ignoring exchange-rate risks)? At first glance, it appears as if I can save ~$10k doing this.
And yeah, I know I'm a spoiled brat for getting an S4.
In between the current exchange rate, US vs. Cdn taxes, and the difference in price between the same car in Canada and the U.S. (an S4 in this case -- $45k in US vs. $53k in Canada), purchasing it in the U.S. seems like a no-brainer.
Given that I'm on a student visa, I'm classified as a US resident; thus, as far as Canada is concerned, I am a visitor and will be for 60 days after I graduate. As far as I know (and what has seemed to be the case), I can buy whatever I want in the U.S. while I am a student as long as it's for me. So it would seem my situation would be analogous to someone who worked in the U.S., had a car, and was transferred/moved to Canada and brought the car with them.
Does anyone have any experience with this and how financing/leasing may work? Any potential risks (ignoring exchange-rate risks)? At first glance, it appears as if I can save ~$10k doing this.
And yeah, I know I'm a spoiled brat for getting an S4.