Why does the world need another collector car auction site, you ask? Because Canadian collectors deserve and merit a site dedicated to their home market, where they can buy and sell in their own currency. Below is how the idea came about.
In 2020, one of our people in Ontario, a car nut like the rest of us, bought a couple of beauties – one was in Atlanta, Georgia (purchased through a well-established U.S. auction site, we might add) and another in Small Town Saskatchewan. Both were “fly-and-drives” – I.E. the buyer bought intending to fly to the car and drive it home and “straight deals”, private sales where the seller produced exactly what he represented. Although Georgia was a lot closer and the American interstate highway system offered superior roads for the drive back, the Canadian deal was oh, so much easier.
For the Georgia deal, our buyer had to pay his buyer premium in U.S. dollars using his Canadian-dollar credit card, had to arrange for US currency payment by wire before he laid eyes on his car and, excited about his new ride, though he wanted to depart as soon as the auction was over, he had to give the normal 72-hour notice to the US border where he planned to export the car. Then, being that he bought a car built in Europe, he faced dealing with paying duties and taxes when importing the vehicle to comply with the Registrar of Imported Vehicles rules when he got home in order to get licence plates.
Although he had done his homework and both processes went smoothly, flying to Saskatchewan and picking up a bank draft from the local branch of his usual big Canadian bank after his flight landed was a lot easier. And, after the long drive (he insists that his new-to-him 34-year-old car wanted to keep rolling after the 36-hour journey), there was no registering for the program with the Registrar of Imported Vehicles, as required for U.S. market vehicles coming into Canada – just the normal provincial safety inspection and registering at his local licence bureau, the same as if he had bought the car across town. (Of course, then he would have missed out on the adventure and experience in Canadiana of the return journey on the Trans-Canada Highway.)
As coincidence would have it, he stood in the Saskatchewan seller’s garage as he “made room for his new treasure”. He used the same U.S. auction site to sell one of his existing cars. He figured that he should approach the big U.S. market and its U.S. dollars, paying little attention to the home market. As the auction week progressed, he realized that most of the action on his car up for bids was from his own hometown. This is the same market on which he had turned his back – online, there is always someone who will find you, of course, so there were some in his hometown who saw his listing – he thus unintentionally and unwisely limited his reach in the market where there was the most interest in his car, then paid for this mistake with a low selling price. The buyer could not believe his luck and said as much when he happily paid for his new-to-him premium sports car in wonderful condition.
All food for thought for we Canadian enthusiasts.
Of course, we welcome buyers and sellers from around the world – the car culture knows no boundaries.