PORSCHE INTRODUCES CANADIAN CURRENCY CREDITS – HOW DO PORSCHES MEASURE UP $ FOR $ NOW?

At this moment, one Canadian dollar is worth 99.7 U.S. cents. Flipped around, one U.S. dollar is worth $1.00211 in Canadian currency, commonly known as the loonie. While there are some manufacturers who appreciate the difficulty facing many Canadians when car-buying season arrives, others tack on a significant premium for Canadian customers to absorb, regardless of sense or logic. The Jeep Wrangler, for instance, starts at $19,095 in Canada. South of the border, residents of the United States pay $21,915. However, the latest Honda Insight is $19,800 in the States but $23,900 in Canada.

Porsche is responding to the rising loonie with some price cuts of its own. Well, to be specific, Porsche’s website isn’t talking about “price cuts”, just Canadian Currency Credits. On the Porsche Boxster, for example, the Canadian Currency Credit is $4,000. The Porsche Cayenne will be available with a $2,500 credit.

In light of these price adjustments, The Good Car Guy thought it a good time to showcase Porsche Canada’s premium pricing. It’s hard to argue “value” at such a high level, but there’s never been any doubt about Porsche’s dynamic chassis or powerful engines or genuine desirability. Porsche Cayennes are ugly – or will be until the new model arrives – and the Porsche Panamera is downright offensive. But people still want them, just as they want a new Porsche 911 GT3 or a Good 12-winning Porsche Boxster Spyder.

Still, for the money, is a Porsche your best bet? You can decide after looking at a few Canadian dollar equivalents after the jump.

Porsche Boxster: $55,600 (with CCC)
BMW Z4 sDrive30i: $54,300

Porsche Boxster S: $68,200 (with CCC)
Chevrolet Corvette Convertible: $76,955