Would FNA pass on 10% price savings to Canadians when Canada-EU Free Trade ratifies? | FerrariChat
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Would FNA pass on 10% price savings to Canadians when Canada-EU Free Trade ratifies?

Discussion in 'Ferrari Discussion (not model specific)' started by 4th_gear, Oct 19, 2013.

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  1. 4th_gear

    4th_gear F1 Rookie

    Jan 18, 2013
    4,425
    Full Name:
    Michael
    #1 4th_gear, Oct 19, 2013
    Last edited: Oct 19, 2013
    The big finance news over the last few days was the Canada-EU Free Trade deal that was just agreed upon. It's now due to ratify in 2 years' time.

    I'm not sure about prices in the EU and elsewhere but my observations have been that Canadian prices for new Ferraris are significantly higher than those in the US. Keeping in mind that standard items and options may differ between US and Canadian cars. The base price on my California 30, excluding Canadian options was approx. $235k. As optioned with various delivery charges, it came up to about $288k, before taxes.

    There is currently a whopping 6.1% Canadian tariff on EU passenger vehicles.

    So I am really curious to see if Ferrari North America will pass on the full 6.1% value of the tariff elimination in 2 years' time. For my car, that's theoretically a whopping $17.6k + 13% tax or $19.8k!
     

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