When
considering buying a car in the US it all depends on our foreign exchange
dollar rate. Yes you can find the car cheaper in the US, this may be due
to the tax being lower at some states. At the end of the day it all depends on
the timing or the deal you get weather if its private or dealer/ retail
price.
Let's start of by looking luxury car, let's assume we're buying the same model of the Mercedes Benz E Class in the US. It is actually listed cheaper on their website the e63 s 4 Mastic AMG cost in the US $99,770 and if a model listed at $110,000. Yes we do have to pay 13% tax on our purchases.
Let's start of by looking luxury car, let's assume we're buying the same model of the Mercedes Benz E Class in the US. It is actually listed cheaper on their website the e63 s 4 Mastic AMG cost in the US $99,770 and if a model listed at $110,000. Yes we do have to pay 13% tax on our purchases.
There
are few things that you should consider when importing the car from the US.
- The dollar exchange rate (¢90) Canada
- Importing tax
- Registration of the vehicle fees
- Legal standard conversion from one country to another. Such a
cluster gauge weather if it’s on kilometers or miles.
- Speed limiter ( not going over 140 kilometres in Canada)
- Customs
So let's say even if we are saving a few thousand here and there while importing the same vehicle, it's going to end up costing you the same thing. You just have to decide if it’s worth it to invest the time and effort of getting the car to Canada. Other factors can play a part in this as well such as gas expense, the kilometers that you're going to be putting on your vehicle, and of course your time. People do import cars from the US but mostly pre-owned vehicles.
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