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08-12-2011, 01:19 PM | #23 | |
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Bye.
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13' e92 M3 Frozen DARK Blue - Current
02' e39 540i Msport 6MT - DD 92' e34 535i AC Schnitzer - stolen/written off 11' e92 M3 - new owner 10' S1000RR - miss it every day / 09' K1300S - miss it most of all. |
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08-12-2011, 01:35 PM | #24 | ||||
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I personally wouldn't buy a car without test driving it. Particularly if you're bargain hunting, as there is often a reason why some of the deals are so 'good'. If you're importing a car, make sure you have enough margin to consider flying down and checking out the car, or paying a trusted third party to examine the car. Otherwise, you're just asking to get screwed. |
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08-12-2011, 01:52 PM | #25 | |
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This is when you'll pay the remaining provincial taxes. In NS HST is 15%. 5% of which is GST and 10% provincial. They (NS) charged me an additional 10% on top. Not 15% all over again. Each province will be different. CBSA collects FEDERAL contributions only. For Alberta, you still pay the GST at border and ....... nothing else haha I hope this lengthy response helped.
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13' e92 M3 Frozen DARK Blue - Current
02' e39 540i Msport 6MT - DD 92' e34 535i AC Schnitzer - stolen/written off 11' e92 M3 - new owner 10' S1000RR - miss it every day / 09' K1300S - miss it most of all. Last edited by GMW; 08-15-2011 at 01:42 PM.. |
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08-12-2011, 02:15 PM | #26 | |
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Even if you find an 09 M3 for $55K with only 30K kms, 55K USD (price taken from link above) x 1.2 (20% in taxes) = 66K CAD after importing. Pretty much the same thing! There was a time when Canadian car prices were significantly higher than US and it was actually beneficial to import a car. In today's market the same does not hold true. I think you only see the mentioned $15K in savings if you buy it brand new or close to new from the US and you have to have hard cash. I looked into importing a car from the US and dropped the idea once I found out how bad the resale is. I was looking for an 08 though... If I was buying brand new and had hard cash, i'd definately go to the US. Actually, i've never dump 65K hard cash in a depreciating asset, instead i'd rather invest it! Side note: Alberta only has 5%... Ontario has more than double... 13%, that further washes away the savings. |
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08-12-2011, 02:18 PM | #27 | |
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08-12-2011, 03:07 PM | #28 |
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OP - check out BMW.ca in their pre-owned section.
I know there is a red 09 e92 for $59,900 (Quebecixan so beware) and there is one more 09 for your price range but I can't remember the specs. I think there are savings to be had on importing a car but if it is your first time I would suggest finding a broker or leaning heavily on a couple of the guys on here who have done it before. Good luck and update us on the decision. |
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08-12-2011, 03:07 PM | #29 |
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You DO NOT need to pay that state's specific sales tax as you are not registering the car in that state (note - this may not be true for some states, but is true for all states I checked). So it's "only" 6.1% duty, HST and then a bunch of smaller taxes. Considering that you have to pay HST on car purchased in Canada as well.
Last edited by MaxL; 08-12-2011 at 04:13 PM.. |
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08-12-2011, 03:15 PM | #30 |
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I imported my wife's X5 a few years ago when it was really worth doing so. I was working and living in the US, so bringing things back for me was much easier then most.
I saved over $9000 at the time. My dealer has never once given me any hassle about the car being a US car, if they do, call BMW Canada, let them verify your VIN, car still has warranty...end of story.
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08-12-2011, 03:19 PM | #31 | |
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US Car: You pay Duty (6.1%) and 5% sales tax at the border Then you pay 8% when getting car plated you also pay some insignificant amount for paperwork to RIV (couple of hundred or so). Total taxes: ~18.5% Canadian car: You pay HST (13%) when registering the car. Total taxes: 13% So the tax mark up to use in comparison is 6.5%, not 20%... |
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08-12-2011, 04:43 PM | #33 |
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I looked for 2 months in both the USA and Canada for the 2008 I just bought.
Never did I see an equivelent car (either US or Canada) for sale in Canada for price I just paid. Same equipment, miles, condition and 1 owner. I am particular about what I like and want. As for "taking a bath" on resale, I just dont see it. The car should never be worth less than the price for the same car in the US plus import fees. Why? Because just like we are haivng the discussion of whether it is worth it to import or not, anyone considering importing would buy my car already landed in Canada for the same price they would pay landed here. While I have never imported a BMW before, i have sold 5 imported cars. On those 5, I always sold for much more than the current US price landed in Canada. Will that hold true on My e90 M3? I dont know, but I am willing to take the risk. Also, once I have kept the car for 2 or 3 years the market value is significanly less and the the % I might lose for it being a US car is on a lower value. Ie pay $50k today, market price is $30k in 3 years If I save 10% today thats $5k, if I lose 10% in 3 years, that only $3k. The only real area of risk is the exchange rate. If the Canadian dollar gains value compared to what you exchaged your money at, the equivalent car can be brought in cheaper than your economics. As for "real numbers"? my numbers are real as all the cars I imported in my company, with every penny accounted for and asssigned to the vehicle. Last edited by 884487; 08-12-2011 at 04:49 PM.. |
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08-12-2011, 05:09 PM | #34 |
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No problem. If anyone has any questions let me know.
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13' e92 M3 Frozen DARK Blue - Current
02' e39 540i Msport 6MT - DD 92' e34 535i AC Schnitzer - stolen/written off 11' e92 M3 - new owner 10' S1000RR - miss it every day / 09' K1300S - miss it most of all. |
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08-12-2011, 05:48 PM | #35 | |
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08-12-2011, 05:52 PM | #36 |
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Okay so what's the consensus on this one, at $65k +tax (what I've talked him down to..): http://www.autotrader.ca/a/BMW/M/NOR...1128102832006/
Note that I'm very much a fan of everything about it, including year/colors/convertible. I'm coming to the conclusion that provided it's not *that* bad of a deal.. and I'd probably only save ~$5000 by importing (plus having to deal with the hassle, as well as potentially not find one similar.. after having to fly down etc.. ).. that maybe I'll just go ahead with this one. *sigh* decisions.. =/ |
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08-12-2011, 06:53 PM | #37 | |
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I think too, the differences are region specific. Consumers in more affluent provinces (read Alberta) are, in my opinion at least, less likely to settle especially for a caliber of vehicle like the M3, and would rather pay for exactly what they want without the taboo associated with some imported vehicles. Yes, I know, "a fool and his money are easily parted" but this has been my experience having bought and sold a dozen vehicles in as many years, a few of which were imports too. Asif |
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08-12-2011, 07:42 PM | #38 | |
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On the other hand, you're probably less likely to sell to the car to a Canadian who isn't an enthusiast, but might be on the fence about buying an American M3 versus a Canadian 335 (my point being that if the M3 were Canadian they may be more enticed to purchase it). Last edited by sawzall; 08-12-2011 at 10:31 PM.. |
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08-12-2011, 09:50 PM | #39 | |
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02' e39 540i Msport 6MT - DD 92' e34 535i AC Schnitzer - stolen/written off 11' e92 M3 - new owner 10' S1000RR - miss it every day / 09' K1300S - miss it most of all. |
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08-12-2011, 10:52 PM | #40 |
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I really want to thank those who have imported for sharing their experiences. This is one of the most useful threads I've read!
In particular, thanks GMW, Delta335i and Shizzle for the process details and taking the time to write them out/ explain things to help others. I believe such spreads are possible, but more likely on an "almost new" vehicle, and you need to be ready to spend the time, research and a lot of hard cash to take advantage of the price differences. I do also believe you can lose a lot of that advantage on re-sale (if re-sale is a concern for you), unless you really don't need to sell and/or can wait for the right buyer, etc.
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08-13-2011, 07:33 AM | #41 |
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^ you pretty much summed it up.
To add to that, people claiming big savings tend to be in provinces that have 5% tax. Ontario has 13% so you end up paying 20% in total, which washes away most of the savings. Last edited by kasimmmmm; 08-13-2011 at 07:41 AM.. |
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08-13-2011, 01:21 PM | #42 |
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ie. you're saying it's a really bad price? Or just kinda bad? Any direction as to where I should be looking? Because I don't see much in the way of great deals from autotrader.ca or bmw.ca.. (assuming for a moment that I'm not going to go the import route..)
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08-13-2011, 02:31 PM | #43 | |
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That same red 09 on Manheim is probably high 40's.
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13' e92 M3 Frozen DARK Blue - Current
02' e39 540i Msport 6MT - DD 92' e34 535i AC Schnitzer - stolen/written off 11' e92 M3 - new owner 10' S1000RR - miss it every day / 09' K1300S - miss it most of all. Last edited by GMW; 08-15-2011 at 12:47 PM.. |
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08-13-2011, 11:07 PM | #44 | |
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+1. I used to live in the U.S. until last year and ordered a 2011 E92 in Canada. It is fairly easy to get a 8% discount with better standard options, not to mention the option of ordering individual exterior / interior. I would have gone through a lot of hassle to get a Monte Carlo Blue in the U.S. but was able to order it here in Canada without any questions. I am not sure about now but before Audiophile stereo package was not even offered in the U.S. among other things. I think 20% mark up claim is lofty at best and I am not saying it is being misrepresented but I'd like to see more details around options, etc. As in my opinion, if you add up all the options and don't take HST into account then the difference is no more than $8,000 - $10,000. The only way I think this can work is if you get a bare bones used M3 from U.S. from a private seller at a decent discount off of market value. Last edited by airwave808; 08-14-2011 at 12:12 AM.. |
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