Canadians: Consider Costs Fully When Importing An Auto From The Us
Are you a Canadian resident or citizen of Canada now considering going "stateside"
to the USA to purchase a vehicle? Does it make economic and financial sense as a consumer to get in your vehicle and drive down south across the US Canadian border to "do the deal" now that the Canadian dollar often rises and flushes towards that magic par value with the American dollar. It may or may not, not only depending in on the currency exchange of the day. What other points other than the bottom line on the dealer auto invoice should you consider and take into account?First of all do you have the time? It may be all safe and good to save some dollars and costs on the bottom line purchase of a vehicle yet what are the costs of your time and effort. ? Some people love to shop and assess no doubt. Some are the most avid of consumers. Its one big exciting and entertaining game for some. Yet first of all what is the value of your time? It analogous to the dentist who saved $ 300 roofing his own home, but only had to cancel 25 hours of professional dentist service appointments. In this case for the health care professional his time would have been better spent hiring someone else , who could do the job overall for less cost , and more efficiently. Secondly on top of the costs assigned to your time - even if you consider shopping for a car in the US and getting a better deal there are actual out of pocket costs of long distance telephone bills, lodging and food bills when you go to pick up your new vehicle, plus gas bills for the trip there and back. To pick up the car either you will have to drive with someone else and cover their costs or take commercial transportation down - plane or bus. If you live adjacent to a US center whose dealers will sell you a car its basically minimal , if you do not or you have to go further upstream to find a dealer more willing to either sell you the vehicle or do a better deal - well that will cost you more and additionally.
Include as well at the costs and fees at the Canadian US border that the Canadian Border Service will assign you in regards to the official Registrar of Imported Vehicles (RIV) registration fees. Note also that the American customs needs documents of registration and ownership faxed to them for a 3 day 72 hour clearance period. Hopefully you can get these papers faxed to you. which you then fax onwards to the authorities so that one trip is all that is needed in regards to pickup of your vehicle, not two. If two trips are required you may have to store your vehicle physically on the US side for that three day period before you make final pickup and clearance. In these cases check out professional, safe and sometimes bonded storage sites. If it's a smaller center then it may be relatively safe, if it's a larger center perhaps a bonded lockup may be preferable.
Next in line to consider is first of all finding a dealer that will sell to you as a Canadian. Make dealers will not. Either they have been warned by the parent manufacturer and overall distributor of the product that they are only to sell into their catchments area. Dealers of brand name autos are often penalized via allotments of preferred ( read high sales profit) vehicle in future consignments if their vehicles are caught being sold en-masse out of their catchments areas - read Canada in this case. In some cases dealers have even been warned of "loss of dealership". Thus it does not make sense to many auto dealerships to engage in this process and thus jeopardize their business and dealership of a successful brand name auto
line.
You may well save money as a Canadian consumer purchasing a new or used vehicle in the US and importing it back into Canada. Yet it is not only the bottom line cost of the vehicle at the lot that counts. Include fully all costs and considerations. Other your new or replacement vehicle may not afford the savings nor be good value overall.
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