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Of course an American can buy a new car in Canada. EVERY DAY OF THE WEEK! And vice versa. Now I didn't say it was hassle free, quite the opposite. But if you're willing to jump through the hoops then it's completely do-able.
And manufacturers WILL transfer the warranty if you want to tell the 'right' white lie, again one of the hoops to jump through. But there typically is a 6 month time elapse before the warranty will be in force.
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