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Smart Shopper Importing Car into Canada from US
4513 messages, Last post on Dec 02, 2009 at 8:40 PM
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Replying to: benji99 (Nov 21, 2007 5:25 am) Cheers, thecannyscot |
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Replying to: altaboy (Nov 21, 2007 6:05 am) |
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Replying to: eieio2 (Nov 21, 2007 6:54 am) Rev. Canada info. on the Excise Tax is at this link: http://www.cra-arc.gc.ca/agency/budget/2007/excise-e.html The pdf document that indicates what the Tax Rates are is linked in the Answer to Question no. 3. |
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See. Dealers are beginning to hurt. I believe sales reported in this Globe article are dealer to consumer. Data relesed right after month end are distributer to dealer. So hold off from buying new. Prices will be much cheaper when the snow has gone. Don't fall for the manufacturers' line that there has never been a better time for Canadians to come into their showrooms. September retail sales slip slightly Wednesday, November 21, 2007 OTTAWA — Retail sales edged down 0.2 per cent in September to an estimated $34.4-billion, due mainly to a decline in sales by new-car dealers. It is the third decrease in overall sales since May, 2007; Statistics Canada says retail sales have generally been rising at a rapid clip since 2004. Third-quarter sales fell 0.3 per cent. Excluding sales by dealers of new, used and recreational vehicles and auto parts, retail sales increased by 0.1 per cent in September. Sales in the automotive sector declined 0.7 per cent in September, primarily due to a 1.3 per cent decrease in sales by new-car dealers. The second-largest decrease came in furniture, home furnishings and electronics stores (down 2.2 per cent). Clothing and accessories stores slipped 0.8 per cent in September and the miscellaneous retailers group fell 0.2 per cent. Increases were recorded in food and beverage stores (0.6 per cent), general merchandise stores (0.4), pharmacies and personal care stores (0.4) and building and outdoor home supplies stores (0.1). The quarterly decline is primarily due to a 2.3 per cent drop in automotive sector sales. In constant dollars, total retail sales declined 0.5 per cent in September, indicating that there was a slight price effect. |
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Replying to: hammatime (Nov 21, 2007 7:11 am)
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Replying to: gaut (Nov 20, 2007 4:33 pm) If I were in your shoes, I'd definitely bring the vehicle as far as I could. If you can successfully get it in your garage, at least you'll essentially be in the same boat as hundreds of other Canadians and should be able to benefit when they "get the issue resolved". If you leave it "between the borders", you may end up losing your opportunity to drive it home at all. Your worst case with driving it home is that you'll have to go through the effort of driving it back, which really isn't much worse than you are right now. In fact, if you have to re-export it to the US, at least you'll be able to take pictures of it for the Auto Trader... If you can get it registered (I know you can in Alberta), then you'll also be able to drive it for at least 45 days before TC tries to make you send it back. And then if you ignore TC, it doesn't sound like they'll have any clue about how to make you give it back. Theoretically, you could even sell the van after it's registered (let's not get into the ethics of this - I know it's just not right, and there may be legal ramifications), and then what would happen? This whole thing is going to get worse if TC and the RIV don't do something definitive soon. Good luck!
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Replying to: eieio2 (Nov 21, 2007 7:31 am) yes, you pay Excise Tax at the border when you pay your GST; and, GST is payable on the US dollar amount you paid for your vehicle after it is converted to Can$ at the prevailing exchange rate. On Monday, that exchange rate was 0.9808 . |
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Replying to: bodble2 (Nov 20, 2007 2:02 pm) Sorry, but it isn't debateable. I live in a state with one of the highest stolen car rates in the US. Having an immobilzer doesn't lessen the chance of having your car stolen by a PROFESSIONAL. it just doesn't. If someone wants your car, they are gonna get it. Are you kidding me?! What's in it for them? Is that what you said? There's everything in it for the manufacturers!! They can artificially keep prices high!! There may actually be very little impact on the dealers if the manufacturers adjust Canadian prices to fall in line with US prices. Lower MSRP, lower invoice cost = similar margin. In fact, I dare say if the manufacturers adjusted Canadian prices, the Canadian dealers will stand to gain, because more people will buy cars in Canada. Almost every dealer in Canada is hurting right now due to the disparity between Canadian & US prices. You are so out to lunch on this one. Respectfully, I don't think you are thinking this through. The Canadian motor companies cannot simply "reprice" their cars. First of all, neither you nor I knows all the components that go into pricing a car in Canada. Second, re-pricing cars would have a disasterous effect on lease residuals, to say nothing of used car values. Chances are, the parity between the Loonie and the US dollar won't last. Sooner or later, probably sooner, the Canadian Gov't will close the door to importing US cars. Only a fraction of Canadian auto buyers have the wherewithall to take advantage of the current situation, because you have to pay cash for a US car. For the motor companies, and the dealers this isn't th ebig deal you think it is. The motor co's are banking on this fizzling out after a while and they are probably correct that it will.
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We now know who benefits from and wants to maintain and preferably expand non tariff trade barriers such as CMVSS114. The CVMA and AIAMC have appeared before a parliamentary committee in Ottawa. Private importing is now approaching 10% of the 1.6 million cars sold in Canada annually, even worse it is continuing to grow. Having sucked deeply on CMVSS114 and the $3k to $30k premium per car sold in Canada both associations are anxious to see that the gouging continues. The sensitive "jobs" issue was raised, if CVMA/AIAMC members were concerned about Canadian auto manufacturing jobs they would remove their embargo on importing Canadian manufactured cars into Canada. I would like to believe that our MPs are not drunks, clowns and fools, only time will tell. If the benefits of NAFTA are solely for manufacturers and are withheld from ordinary citizens it is time for us to rethink our trade policies.
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