How U.S. Buyers Can Take Advantage of the Weak Canadian Dollar

Posted by IronPlanet on May 7, 2015 1:23:00 PM

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Global oil prices are plummeting, causing the Canadian economy to struggle and the Canadian dollar to weaken. Today, 1 Canadian dollar translates to about 82 cents in U.S. currency. The trend seems to be holding for now. (Check today’s U.S./Canadian exchange rate here.)

While Canada works to diversify its economy away from oil and to recuperate in the short term from this heavy blow, the time is ripe for U.S. buyers to take advantage of the favorable exchange rate and get even better value on Canadian used heavy equipment in online auctions. 

Search Canadian Equipment Now 

Exporting heavy equipment from Canada to the U.S. is not nearly the complicated nightmare you may think it is, especially since IronPlanet and our partners can guide you through the complexities of customs, transport and more.

We can walk you through every step of the process to ensure that you are able to make an educated decision about your purchase and how much it will cost to ship your equipment across the border once you’ve bought it at auction.

Here’s how it works:

Find an item located in Canada you’d like to purchase

Browse available Canadian equipment on the site, drilling down through our search results to find the items that will fit your needs. Read our IronClad Assurance®-backed inspection reports to see exactly what you’ll get with each piece of equipment, including general condition, age, mileage and more.

If you’re not quite ready to purchase, or if you’re doing research on items coming up for auction at a future date, we have two options to make it easy to find items again: You can add items to your Watch List  directly from listing pages, or you can save any search to refer back to over time.

Get a personalized customs estimate from our partner, VeriTread

For a free customs consultation and estimate through our preferred customs and transportation partner, VeriTread, just send them an email to canada@veritread.com or call at 800-880-0468. We’ve negotiated with VeriTread on your behalf, and they’ll handle any standard customs request from IronPlanet customers for a flat rate.

VeriTread is a freight exchange with years of experience in helping customers get the best heavy equipment shipping rates and navigate customs without a hitch.

Learn more about arranging your own transportation across the border

Here’s what to know before your purchase, after your purchase, and at the border, including a link to the Canadian export declaration form.

That’s it! It’s that easy to take advantage of the favorable exchange rate. We’ve done the footwork for you to make customs and transport as seamless as possible, connecting you with professionals who will give you a fair price and who will be transparent about the export process.

Happy bidding!

 

Topics: Industry Headlines