Importing a US car to Canada . .
#1
Importing a US car to Canada . .
I'm looking to buy a Carrera S and I have observed that the MSRP in Canadian dollars is 46% greater than the MSRP in US dollars. The exchange rate is running about 1.27 Canadian dollars for every 1 US dollar. The savings are approx. $15,000 CDN to buy in the US. This is before we talk about any discount since the Canadian dealers seem unwilling to discount the car at all. I can buy a Honda Civic for the difference.
Has anyone imported a US car to Canada and what does it involve cost wise? Convert dash to metric, duty etc.?
Has anyone imported a US car to Canada and what does it involve cost wise? Convert dash to metric, duty etc.?
#2
I have imported a Porsche in the past (993) and I can tell you that there are a few more considerations. When I did it the difference was almost 50% overall - that's on a used car. I would say that with today's rates, it's probably more like 35-40% when you add duty, miscellaneous fees, and the cost of transport which could be little or lots. The other important factor is that if you are trading you will save a lot on the taxes on a local purchase. With an import you pay it all.
#4
Check the Registry of Imported Vehicle website for info on importing vehicles into Canada www.riv.ca to see if the car is eligibly for importation. I would then check with your local Porsche dealer to see if they will honour the US Factory Warranty. I know for example that Honda Canada will not honour a US Warranty so you want to check this out.
Good Luck
Good Luck
#5
You are allowed $20,000 right off the top I think, but after that, you gotta pay the following: You will need to pay the sales tax on the car in Canada (8% or so), duty (6%) and then convert the guage face to metric and switch the lights to daytime-running.
For a new car, you're looking at paying around $20,000 in tax and duty. You won't save a dime I'm afraid. It would only be worth it if the car is a few years old and has depreciated somewhat.
For a new car, you're looking at paying around $20,000 in tax and duty. You won't save a dime I'm afraid. It would only be worth it if the car is a few years old and has depreciated somewhat.
#7
Originally Posted by Crazy Canuck
You have to pay sales tax anyway
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#8
Originally Posted by Paul Marangoni
Yes, but when you import it into Canada you will be paying sales tax again for the same car. A friend of mine suggested importing it into a province with less or no sales tax (Alberta?) and then registering it there first. Either way you slice it, it's a hassle. If you've got the patience, go for it. I really don't think you'll save anything though.