Canada just snuck in a price increase
01-23-24, 07:38 AM
#1
Instructor
Thread Starter
Canada just snuck in a price increase
Base MSRP has moved up to $134,782 on the convertible.
Yikes, in BC that'll be over 170k after GST (with the new 10% GST on anything over 100k) and BC luxury taxes
Yikes, in BC that'll be over 170k after GST (with the new 10% GST on anything over 100k) and BC luxury taxes
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xfireracer (01-23-24)
01-24-24, 08:20 PM
#2
Intermediate
Since you mentioned this, I just did a comparison for my Canadian ‘24 convertible.
I’m in Ontario (Canada, not California).
I compared my MSRP ‘24 convertible price from July 2023 to what it would be now.
Today, the same ‘24 car has a MSRP $5550. higher.
That $5550 extra will have a 20% luxury tax so $5550 + $1110 = $6660 (don’t like that number!).
Now add the additional 13% HST, $6660 x 1.13 = $7528.80
6 months later the same new Canadian ‘24 convertible costs $7528.80 more.
Hmmm….
I’m in Ontario (Canada, not California).
I compared my MSRP ‘24 convertible price from July 2023 to what it would be now.
Today, the same ‘24 car has a MSRP $5550. higher.
That $5550 extra will have a 20% luxury tax so $5550 + $1110 = $6660 (don’t like that number!).
Now add the additional 13% HST, $6660 x 1.13 = $7528.80
6 months later the same new Canadian ‘24 convertible costs $7528.80 more.
Hmmm….
Last edited by AutoCrazy; 01-24-24 at 08:26 PM.
01-25-24, 09:01 AM
#3
Instructor
Thread Starter
so with the interest rate at 8.2% and the price increase, toyota canada really dont want to move any of these do they?
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SunCruzin (01-25-24)
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