I have been made to believe that it is cheaper to buy a used car from Canada than in USA due to the US-Canadian dollar differences against the Naira.

Is this a statement of fact or are cars from USA more trustworthy than Canada.

Let me know what you think.

Hala:
I have been made to believe that it is cheaper to buy a used car from Canada than in USA due to the US-Canadian dollar differences against the Naira.

Is this a statement of fact or are cars from USA more trustworthy than Canada.

Let me know what you think.

Hello Hala,

It is a statement of fact. Presently, 1 Canadian Dollar equals 0.8 US Dollars.

This means you can save 20% on the purchase cost of a car which has the same value in both countries. Considering the current exchange rate, a 10,000 dollar car in USA will cost you 3,500,000 Naira while the same 10,000 Canadian dollar car in Canada will cost you 2,800,000 Naira. Some Americans also go to buy their cars in Canada for this purpose.

It is very easy to get the same car with the same value in both countries and take advantage of the exchange rate. However, there are fewer cars in Canada leaving you with less options to choose from.

Another downside is the extent of snow in Canada and the amount of salt used to melt the snow. This snow and salt may lead to increased rust in cars bought in Canada and states in the northern part USA. Cars bought in the southern USA states which have less or zero snow are usually not affected by this rust issue.

You also need to note that the shipping costs from Canada to Nigeria is usually quoted in USD and the mileage of Canadian cars is usually stated in kilometres. 160,000 mileage in Canada is 100,000 mileage in USA because the former is in kilometres and the latter is in miles.

AutoJoshNG