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Smart Shopper Importing Car into Canada from US
4510 messages, Last post on Dec 01, 2009 at 3:55 PM
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Replying to: 4runnerrip (Jan 24, 2006 8:22 am) I'm in your boat as well, sitting in Ontario tempted to roll the dice and bring in a Honda from the States. I've found a few clues on other forums of this being done. I'll e-mail them to you if you'd like. Generally, my understanding is. 1. warranty likely won't be honored. For the cost savings ($5-6k on an average vehicle) I'm not concerned. $5-6k will buy a lot of repairs, Hondas tend to be very reliable and if anything major does happen (powertrain), you can tow it back to the states for repair. 2. no significant tax - no sales tax since you and I would be non-resident in the state of purchase. GST and (possibly) duties at the border, but nothing major in the states. 3. Not sure on this one. You'll need insurance (from your Ontario insurer) for driving in the states. Don't know if you'll need anything from the state you buy vehicle in. 4. Customs officers know the procedures and handle it regularly. 5. Lot of little details to sweat, but definately doable. Unfortunately this seems to be one of the few forums where no one seems to actually have tried this lately. |
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Replying to: subahonda (Jan 23, 2006 12:53 pm) How did you get a social security number? Can non-residents (e.g. Canadians living in Canada) get a number? That to me seems the stumbling block for a Canadian wanting to buy in the states. WIthout that, I assume a US car dealer isn't going to be able to transfer title to me. What state did you buy from and what vehicle did you bring over to Canada? Thanks! |
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Looks like I found a clean used car at a good price (I'm willing to gamble that it is as good is they say). It is out on the boonies. The dealer seams legit. Payment seems to be an issue though. It will take days 2-3 three days for a certified canadian check to clear before he can releasing the car, wire transfer seems like a good option (they cost $40 and takes a couple days). Any idea's on doing this in one road trip (I could leave the car at friends in the states and make a second trip if customs is held up). Are there issues with declaring US$20K going across the boarder to buy a car if I do a wire transfer? It seems strange in this day and age that the wire transfer takes 2 days.  Cheers, WestCoastGuy Vancouver
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Replying to: westcoastkid (Jan 30, 2006 9:35 pm) Please research the dealership more by checking the phone number on the yellowpages.com for that area of the Country, if it doesn't match or you can't find the dealership listed, it is probably a scam. |
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I am looking for some advice or place of direction about importing vehicles into Canada. I am not a begginer as I have imported two Mitsubishi Eclipses already and re-sold them for a decent profit. Now I am looking for a vehicle to re-sell in Canada that has a larger profit margin. The problem is that I can't seem to find any sources of information on what type of vehicle to buy. I am sure there is someone else out there that could give me some assistance/guidance and I am sure it would be appreciated by more than just myself. |
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Replying to: mlhoopr (Jan 31, 2006 10:16 pm) I do wonder how much profit there is left after you resell. You bring a car into Canada for personal use and there's a savings for sure. But when you try to resell on, the buyer would have to buy PST (depending on the province you live in), lose any warranty (if its a new car) and overcome the fear of buying an imported vehicle, which means they won't pay you the same price they'ld pay a Canadian dealer for the same car. Is there enough margin left? |
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Replying to: westcoastkid (Jan 30, 2006 9:35 pm) Secondly, if you do wire funds, you're not carrying them with you across the border, so nothing to declare. If you held cash, bank draft or money order when you cross, then you have something to declare. But not a wire transfer as that is an electronic transfer of funds. No surprise that wire transfers can take 2 business days. That is standard response from a bank. They usually happen the same business day as long as your bank starts the process early enough, but can take more than 1 day to show up on the recipient's bank account, especially Canada to the US. |
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Replying to: mlhoopr (Jan 31, 2006 10:16 pm) I found Nissan Xterra to be a good candidate for profit - made in USA so no duty; and if you can register and sell in Alberta then PST is not an issue. See if you agree ... In the mean time, would you mind sharing with us the importing process, especially how you titled your Mitsubish (which state? did you have residency status? how long did it take?) and how you got your recall clearance (when - before coming back home or after, and from whom?) Thanks
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Replying to: tonytan1999 (Feb 03, 2006 11:21 pm) As for your questions, I bought my mitsubishi's in Florida and drove them back to Ontario. I used my Ontario drivers licence. You do not need any state ID to buy a car in Florida. When I returned to Canada I followed the RIV instruction on how to register the cars in Ontario. The Complete process took less than 3 weeks, yet most of the time was spent working on my cars to install the daylights. When I arrived back in Ontario I simply called the mitsubishi dealership here and requested the re-call letter, it was free! Thanks for the response on my original question, if anyone has anymore info on which type of cars to import in to Canada for profit, please let us know!!
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