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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: 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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Replying to: defrederick (Nov 21, 2007 7:41 am) netdog |
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Replying to: hammatime (Nov 21, 2007 7:11 am) I considered it an extra savings as I know the tax is part of the retail price when the same vehicle is purchased in Canada.
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Replying to: defrederick (Nov 21, 2007 7:41 am) What? It CAN"T be registered as RIV will not issue the form 2 needed for registration in Alberta. I may be wrong, but that is what I was told by the Alberta registries office when I registered my vehicle.
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Replying to: silver_fox (Nov 21, 2007 8:47 am) Also, good point about the GST and PST, netdog. I hadn't considered that and it could make a difference on the economic decision.
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dreyfus1 may just be thinking out loud. beaurocratsuck is right. Look there's a ton of illegal things that can be done, but please, please, don't go there. You don't have to. My gut feeling is that those who purchased their vehicles when they were admissible will be permitted.
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