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  • Canadian leasing companies sue gov't and automakers over high car prices

    Filed under: Car Buying , Government/Legal , BMW , Mercedes Benz Due to a slumping greenback, the Canadian Loonie and the U.S. dollar are worth roughly the same amount , but the price of most new cars in Canada haven't made the adjustment . Two leasing companies are suing the Canadian government, BMW Canada Inc., Mercedes-Benz Canada Inc. and Mercedes-Benz USA LLC for a cool billion dollars, but not because of the uncompetitive pricing in the United Province. The leasing companies have filed suit because strict import rules are preventing the companies from buying cars in the U.S. and selling them in Canada. The many fees, procedures and restrictions allegedly resulted in a 20-30% increase in the sale of more expensive Canuk cars. One example is a $350 admissibility charge to import a Bimmer, and a far more ridiculous $500 fee will be levied for bringing over a BMW that has received a recall repair in the States. The leasing companies allege the all those fees and fines enable BMW and...

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