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08-13-2011, 11:09 PM | #45 | |
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08-14-2011, 10:45 AM | #47 |
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The pricing of an M3 is crazy here! I know I can pick them up in the low 40s where I have family. There might be some worries if its private party, but dealers frequently sell to Canadians now and the existing warranty is retained.
PS: Only way to not pay state tax is have family or friend with a dealer licence. Dealer to dealer sales are tax free, and they could pass the tax savings to you. Beware at the border, prepare to pay tax on blackbook value rather than purchase value- although you sometimes get lucky. |
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08-14-2011, 10:52 AM | #48 |
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Hi just a quick FYI. I've imported 2 e46 M3's, 1 z4m CP along with my sisters x5 and my new to me M3 e90. You gUys have to remember one thing if your buying used why wouldn't you want a car that drove on roads better then your own and that had not seen winter. (southern states)? I'm selling my e90 M3 with every option and I don't think I'll loose out.
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08-14-2011, 12:40 PM | #49 |
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It's funny how people against importing have no experience actually doing it, and rely on pure conjecture for their reasoning.
Not only did I save about $15k after all taxes and fees and get exactly what I wanted, the comparison is against a car that did not even exist. I simply could not find the car I wanted in Canada as I looked for a while before deciding to import from the US, and very glad I did. BMW Dealers and their sales people don't want US cars in this market and their voices may be some of the ones in this thread providing misleading information against it. I did not see one post in this thread from those who have imported recommending not doing so, only those who have not and have no direct experience with it. Not surprising as there is no shortage of members on here who post on topics they know nothing about. |
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08-14-2011, 01:30 PM | #50 | |
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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. Last edited by GMW; 08-14-2011 at 03:35 PM.. |
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08-14-2011, 03:31 PM | #51 | |
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I am not sure where you got the idea that I am against importing. I imported two cars last year as I used to live in the U.S. before. If you can't find a car in Canada, obviously the only option is to import. My comment was meant in general to OP to make sure he has all facts on the table before importing. The actual importation process is a breeze but I owned both cars prior to importing. |
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08-14-2011, 05:52 PM | #52 | |
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I and others know how much we saved by importing, yet they say they don't believe it. Others have sold US cars at CDN market price, yet they say they don't believe it. There are a few posters who are clearly using what they "think" is the case, instead of listening to those of us who have actually done it, and "know" The OP can take the advice of whichever group he chooses. |
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08-14-2011, 06:56 PM | #53 |
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^You don't have to have 'experience' to conclude that a certain decision is not a good idea.
my friend sold his 06 US 350z only 3k more than I sold my 03 350z... Search autotrader and you'll find the cheapest M3 is US. These resales may have happened couple of years ago when the dollar was not on par and was an excuse for Canadian retailers to charge canadiens more, but not today. Gmw/exmowner, both you guys are from provinces with only 5% interest rate and we have 13%. To pay an additional 7% or so brings it to 20% in total over the US m3 price. Exmowner, would you have honestly imported if the price of your imported M3 was 10% more? Its a significant difference. Keep in mind the question is about a USED vehicle not new. GMW purchased it brand new and at a 5% rate plus the 6.1% which is completely worth it. In terms of brand new vehicles and if you have hard cash, I completely agree that it's better to purchase the car from down south, especially if your province only has a 5% rate, unlike our province which has a 13% rate (more than twice). |
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08-14-2011, 07:54 PM | #54 |
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Dude
I'm paying %15 HST PLEASE READ ENTIRE THREAD B4 comments like that And I financed 1/2 my car at bank. Where the hell did cold hard cash come from? Who said that? This is starting to give me a headache. Haha
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08-14-2011, 08:56 PM | #55 |
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I'm a little confused about the 5% tax vs. 13-15% tax stuff.
Here's how I understand it:
So, the effective difference between a Canadian and a US purchase is the 6.1% import duty. Am I wrong?
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08-14-2011, 09:54 PM | #56 | |
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1. If you import a car from the US, you will be responsible for duties of 6.1% on foreign vehicles (anything not made in US or Canada), plus GST and PST (or HST). Alberta does not have PST, so you would only pay GST. Albertans are lucky in general, they don't have any PST whatsoever (see http://en.wikipedia.org/wiki/Sales_taxes_in_Canada). Don't worry about this 5% vs. 13-15%. Just think about the effective taxes. As a resident of Ontario, you will effectively pay 19.1% in duties and taxes which is broken down into 6.1% duties + 13% HST (before this would have been 5% GST + 8% PST). GMW is paying 15% HST because he lives in Nova Scotia, where they have 15% HST (i.e. 5% GST + 10% PST) 2. If you buy a new car in Canada, you will pay taxes based on the province you reside in (so HST - 13% in Ontario). There are no duties payable on new vehicles purchased in Canada, as they are already built into the price of the car. 3. If you live in Ontario, you will pay HST on any car you purchase, used, new or imported. Remember, HST is applicable on the sale price (or listed value, whichever is higher) of the car. Just remember, the higher the price of the car, the more HST you will pay. Last edited by sawzall; 08-14-2011 at 10:05 PM.. |
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08-14-2011, 10:18 PM | #57 | |
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You are correct on not needing 'experience' to make a decision, and apparently you don't think you need 'facts' or a 'grounding in reality' either. If you insist, I will rebut each statement you have made, but it would be a lot easier for me to just tell everyone else to ignore your posts. Less work for me.... Last edited by Meff; 08-14-2011 at 11:30 PM.. Reason: to be slightly less of a dick about it |
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08-14-2011, 10:26 PM | #58 | |
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Just take the US purchase price at CDN exchange and add 6.1% then add your applicable provincial taxes + about $500 for inspection and RIV and any freight costs to get it here. |
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08-15-2011, 12:52 AM | #59 |
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shizzle, Meff, GMW, airwave808,
Thank-you, thank-you!
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08-15-2011, 06:07 AM | #60 | |
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When OP is asking about importing an 09 M3 from the US, you keep going on about how you saved 15K on your 2011... figure the rest out yourself. I even said I'd personally buy from the US if I was buying a brand new vehicle like some of you guys did, so chill... I bringing in a 997 GT3 myself. Ah my apologies! Clearly I did not read that post of yours... my sincere apologies sir. But in terms of cash, I'm simply saying that you cannot finance/lease from US, you basically have to come up with hard cash to purchase a car from the US (even if it means getting a loan from your bank, as you did). Last edited by kasimmmmm; 08-15-2011 at 10:59 AM.. |
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08-15-2011, 06:17 AM | #61 | |
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08-15-2011, 08:14 AM | #62 |
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Resale examples:
US car in Ontario being sold by a dealership, I think its easily 10% cheaper even before negotiations and sits on autotrader as the cheapest E90/E92 M3 in the market (Ontario). http://www.autotrader.ca/a/BMW/M/TOR...1113113204381/ Here's a 2004 Gallardo, US car for only 89K. http://toronto.kijiji.ca/c-cars-vehi...AdIdZ302013722 Last edited by kasimmmmm; 08-15-2011 at 10:45 AM.. |
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08-15-2011, 11:09 AM | #63 | |||
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I'm not trying to be a dick here guy, but people are looking for real advice on here about a potentially large purchase, and they don't need posts from guys like you who do not know what they are talking about - plain and simple - no drama, no yelling, just the facts. Enjoy your GT3 - please post here about your importing experience |
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08-15-2011, 12:22 PM | #64 | ||
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you knwo what the funny thing is... you seem just as misinformed to me as I seem misinformed to you, but i'm not being rude about it, though I can be.
You are blinded by your experience and your purchase to the point that you're throwing a hissy fit when someone doesn't see eye to eye with you. You are also very quick to undermine others. Quote:
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08-15-2011, 01:20 PM | #65 | |
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I'm happy you admit being WRONG for one of your previous comments. You've made several incorrect statements which everyone has read. I think you've said enough without having the facts. I'd love to hear about your experience regarding your GT3 (in another thread). Should you have any further questions regarding my particular experience, PM me. This thread has been polluted with several tangents. Bottom line Kasim. You have taken away from the OP's intent here (ie. he's not looking for an 04 Gallardo for $89k)
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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. Last edited by GMW; 08-15-2011 at 01:27 PM.. |
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08-15-2011, 03:27 PM | #66 | ||||
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By 'technical' - do you mean using actual facts to explain things? Quote:
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And to GMW's point - I have also derailed this thread and my apologies go to the OP for this, just frustrated with the bullshit being spewed here |
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