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Smart Shopper Importing Car into Canada from US
4507 messages, Last post on Dec 01, 2009 at 10:45 AM
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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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| I am very new to this forum, I hope someone can help me about importing a car, I bought a used car in New Jersey, Do I need a title document under my name crossing the canada custom? I do have a title certificate but is under the first owner name..... I did asked US custom, they said is okee.... So what about crossing Canada custom? Can anyone help me? thanks | |
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Hi everybody, I have a few questions that I need to get confirmed, I think I got most of it right from reading all the posts in this forum were there is a lot of information. What I want to do is to import a Chrysler T&C limited 2005 from the US to BC, this car in Vancouver cost on an average 36K + tax that make it just pass 41K ! 1. I did check the car in the Transport Canada's List of Vehicles Admissible from the United States and it is ok. 2.I did check to get a recall clearance letter and that should be ok. 3.How about the bumpers regarding the 8km/h are they sertified the same way in the US or do they have to be changed. 4. the car is modern so daytime running light and child theeter is ok. 5. And then to the cost, I understand that there is no sale tax in any state as long as the car is not fully licensed in the state, temperary is ok. the question is how to get the temperary licenceplate?? 6.so then there will be the car price + the fee for the aircondition 100+ somthing and the fee for overweight the same 100+ , and the fee for riv 209$ and on the top of this the tax of 7+7 % ?? Does this mean that a car listed/sold for 26000$us would be mine to drve fully licensed in BC for approx 30K us(34100C$)??? If everything I have been checking is correct this should be right, or is there somthing important that I'm missing here???? this means a saving up to 5K minus the travel/transport. anybody that have an idea about how right or wrong I would be about this?? best regards Ove  
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hi.. I am wondering how to drive my new car from florida to ontario and how all the taxes work? Can i get a temp permit in florida? or do i need a florida licence? Do i need to give the border 72hrs? notice prior to my arrival? Also where and when do i pay the taxes? Can i put my ontario plates on and drive it home with in the 10days from purchase? any more info would be great. thanks.
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Replying to: jayp3 (Mar 17, 2006 6:39 pm) http://www.riv.ca/ It has all the straight FACTS you will need to bring the car into Ontario..................... |
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Replying to: jayp3 (Mar 17, 2006 6:39 pm) I don't think www.riv.ca answers all your questions - it certainly doesn't answer the US part of your questions. So I'll try to share my findings here but would love to hear from others if I'm wrong (and why). 1. Taxes: When you buy the car from a FL dealer, you won't have to pay state taxes. You only need to pay state taxes when you license the car in FL. (I'm not completely sure about this. Some states do allow you to defer the tax until licensing and others charge the taxes when the transaction is made at the dealer.) When you get to the Canadian border, you would pay GST and PST. (I'm not too sure about this either. Before, you would only pay GST at the border and would't pay PST until you licence your car in your province. But now CCRA has integrated GST and PST collection - I'm not sure if they bother to differentiate between cars and other goods.) 2. Operating Permits: You will need temporary operating permits for each state (incl. FL) you drive through. You can buy the permits ahead of time or buy at the first MOV offices of each state. 3. Title and Registration: My research shows that you have to title and register you new car in a US state before Canadian customs allow you to import, i.e. customs officers see the state title document as "proof of title". But after reading mlhoopr's and subahonda's posts, I'm starting to doubt myself. They seemed to imply that the dealer's sales receipts were sufficient for their cars to enter RIV/Canada. I haven't had a chance to verify this but plan to do so (at a RIV designated border office). You could do so and we can compare notes. If you still have to title and license the car in a US state, there could be three problems. First one is state tax - you might have to pay state tax which is not refundable. Second one is residency requirement - you have to show that you are registering the car in the right state, the state you have legal residency status - a job, school, etc. Some states don't have state tax - New Hampshire, Montana, Oregon, Alaska, Delaware. Some states don't have residency requirement. So far I've only found it's "true" for both of the above in Alaska. The third is time - in some states (such as Oregon) you need to wait for 45 days before the title document can be mailed to you. But if you don't have to title the car in FL, non of the above will a problem. So I'd recommend you check with the border about what "title document" really means first. 4.`Insurance: You should be able to buy insurance (called "binder" something) in Ontario before heading out to FL. But you probably won't be able to use your license place legally. Some state will even require you to show insurance coverage by a US/State insurer before they can title the car. So again, I'd check the title requirement first before determining insurance requirement. 5. Notice: The 72hr notice is what you have to give to the US customs - not the Canadian customs. This is for "exporting" the car from the US. I have no idea why this has to be done and what the consequences will be if this is not done. Canadian customs probably don't require anything from the US customs before they admit your car into Canada. So even if you do want to be clean with the US customs, why can't you just import the car, make sure all RIV requirements are taken are of and you won't have to "re-export" from Canada, before completing the "export" formalities with the US customs? Hope this helps. And please share your research results or importing experience back with us - I'm planning to import a Volvo later this year. Good luck!
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Replying to: tonytan1999 (Mar 19, 2006 12:49 am) Bought the Caddy from a Cadillac dealer in Alabama. Paid no sales tax. Had all the bill of sale documents. Drove the car with Alabama plates to Canadian customs. Paid GST and $100 air conditioning tax. Had to pay a small amount of duty based on the value of the car.Used the bill of sale to calculate this. They check the price against their own guide. If you try to bring in a $20,000 car and have documents that say you paid only $8,000, you are in for a pile of trouble...be honest and you find it pretty easy...we spent less than 30 minutes at the border. Registered the car in Ontario...paid the Ontario sales tax, had the safety certificate done, and put Ontario plates on it. When all was said and done, I think he saved about three grand over buying a similar car in Canada. But he was adamant that he wanted a car "with no salt on it!". Good luck in your efforts. Doug
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