|
|
|
|
View Poll Results: Are you willing to import a BMW from the US? | |||
Yes | 14 | 60.87% | |
No | 9 | 39.13% | |
Voters: 23. You may not vote on this poll |
Post Reply |
|
Thread Tools | Search this Thread |
02-27-2008, 08:17 AM | #4 | |
Lieutenant General
2426
Rep 11,667
Posts |
Quote:
... for the 1er, I'd normally lease (& expense through business) If I import I'd have to finance & go the depreciation route, which is not as beneficial. At this point :iono:
__________________
'21 M2C Hockenheim Silver
'18 718 Cayman S Lava Orange (sold) '13 E92 M3 Santorini Blue (sold) '07 Z4 M Coupe Alpine White (sold) |
|
Appreciate
0
|
02-27-2008, 08:22 AM | #5 |
Got n54 ?
15
Rep 167
Posts |
No. It's not worth it for me.
6.1% duties 5% Federal taxes 7.5% Quebec taxes 220.11$ Registrar of imported vehicule 500$ BMW of Canada letter
__________________
2014 BMW 328i X-Drive Touring M sport, Mineral Grey
2010 BMW 535i X-Drive M sport, Alpine white 2010 Ducati Streetfighter S, midnight black |
Appreciate
0
|
02-27-2008, 02:50 PM | #7 | |
Got n54 ?
15
Rep 167
Posts |
Quote:
Why ? These taxes are not included in the US price. And don't forget, you have to pay taxes in some state in the US... I compare final US price VS final Can price.
__________________
2014 BMW 328i X-Drive Touring M sport, Mineral Grey
2010 BMW 535i X-Drive M sport, Alpine white 2010 Ducati Streetfighter S, midnight black |
|
Appreciate
0
|
02-27-2008, 04:51 PM | #9 |
1 for the road
20
Rep 780
Posts |
Keep in mind that BMW USA will not sell a new BMW to a Canadian for export. It has to be titled. Apperantly, it's part of their franchise agreement.
|
Appreciate
0
|
02-27-2008, 05:04 PM | #10 |
Enlisted Member
1
Rep 46
Posts |
|
Appreciate
0
|
02-27-2008, 05:20 PM | #12 |
Captain
35
Rep 602
Posts |
Hey guy does anyone here know the exact procedures that are needed to import a car???
I was thinking that it would be helpful to everyone here, if we get a "how to" list going. I would do it myself, but I'm not 100% and don't want to throw people off. |
Appreciate
0
|
02-27-2008, 05:23 PM | #13 |
1 for the road
20
Rep 780
Posts |
|
Appreciate
0
|
02-27-2008, 05:25 PM | #14 | |
1 for the road
20
Rep 780
Posts |
Quote:
http://ucanimport.com/ Excelllent source for information and well worth the $10 |
|
Appreciate
0
|
02-27-2008, 06:20 PM | #15 |
Got n54 ?
15
Rep 167
Posts |
This is an example...
I want a 135i with Premium pkg, Premium sound pkg, M Sport pkg and comfort acces. If i go in the US for the same cars, i need this; Base MSRP $34,900 Black Sapphire Metallic $475 Coral Red Boston Leather $1,450 Glacier Silver Aluminum Trim $0 Cold Weather Package $600 Sport Package $1,000 Comfort Access system $500 iPod and USB adapter $400 Premium hi-fi system $875 BMW Assist $750 18" wheels w/performance tires (style 264) $0 Destination & Handling: $775 Total MSRP as Built $41,725 I live in Quebec so, i purchase the car in Vermont. BMW USA don't want to sale to a person with no adress in the US. No problem, i have a PO BOX. - 41.725$USD + 7% Vermont tax = 44 645.75$USD Before the importation, the car title have to be stamp by the US Custom. It take 72h for the US custom to process the title. 72h later, i drive my brand new 135i to the canadian customs ! CBSA convert the price to CAD money. 44 645.75$USD = 43 805.06$CAD (Today's exchange = 1.01919) I have to pay duties, 6.1%, car made outside North America... -43 805.06 + 6.1% = 46 477.17$CAD The GST now... -46 477.17$ + 5% = 48 801.03$ The A/C tax... 48 801.03$ + 100$ = 48 901.03$ Now, 220.11$ for the RIV and the Form 1 (paper of importation) and 500$ for the authorisation letter from BMW Canada (i have to present this letter to the customs officer). I also have to present the Recall letter from BMW USA. So, to clear my car at the border, it take 15-20 min and the final cost is 49 621.14$. It's now over with the customs ! But it's not over with the importation process ! I have to wait 10 days to receive the Form 2 from RVI. With this form, i can go to Canadian Tire for the car inspection. After the inspection, i can go to SAAQ (socièté d'assurances automobile du Québec) to plate the car. At the SAAQ, i have to pay the PST of 7.5%... 48 901.03$ + 7.5% = 52 568.61$ I can now enjoy my 135i ! The import process is over ! Final price = 53 288.72$ End of the example !:wink: In real life, before the Canadian Tire inspection, i have to go to a BMW dealer for all the modification to make the 135i ready to the canadian road (DRL for example). I don't have any clue of the cost of this procedure but, im sure it's expensive ! If i put 2000$ for the BMW modifications, the total cost of the car is 55 288.72$CAD. At this price, i don't have the 261M wheels and no Anthracite Headliner. I want those wheels and a black car with red seats with a grey headliner is ugly... I need the Anthracite Headliner too, LOL If i purchase my 135i in Canada, the total cost (including GST and PST) is 58 603.57$. The price difference is 3314$. The importation process is simple but, for a 3314$ difference in my case, it's not worth it. P.S I work at the CBSA:wink:
__________________
2014 BMW 328i X-Drive Touring M sport, Mineral Grey
2010 BMW 535i X-Drive M sport, Alpine white 2010 Ducati Streetfighter S, midnight black |
Appreciate
0
|
02-27-2008, 06:22 PM | #16 | |
Lieutenant General
2426
Rep 11,667
Posts |
Quote:
Dealers have been know to "demo" a new car on the lot.
__________________
'21 M2C Hockenheim Silver
'18 718 Cayman S Lava Orange (sold) '13 E92 M3 Santorini Blue (sold) '07 Z4 M Coupe Alpine White (sold) |
|
Appreciate
0
|
02-27-2008, 06:29 PM | #17 |
Captain
35
Rep 602
Posts |
Great stuff El Diablo! Now with those facts how many people are still willing to import??
I must admit, with that price difference I don't know if I would import. I must admit when I did the mental math, I thought the saving was more....I guess my math was off.... |
Appreciate
0
|
02-27-2008, 07:04 PM | #19 |
Private First Class
6
Rep 118
Posts |
Diablo, Just a couple of questions/comments:
- Vermont sales tax is 6%; also you can drive an extra hour to NH and not pay any state tax - Are you sure the 6.1% duty fees is included in the price when GST/PST is calculated? - I don't know how PST works in Quebec, but I'm pretty sure they don't charge you PST on the GST amount.... the taxes don't keep adding on top of each other. |
Appreciate
0
|
02-27-2008, 07:17 PM | #21 |
Second Lieutenant
4
Rep 228
Posts |
diablo,
All of your numbers are accurate except for one thing: You will NOT pay state sales tax on the vehicle. State sales tax is charged when you register the vehicle to get your state tags (license plates as we call them here in Canada), and since you're Canadian, you're not registering it at the Vermont DMV are ya? Exactly. This is no different than buying a car IN canada. You pay tax based on the province you live in, not the province you buy in. (I live in Alberta, purchased a new Acura in Saskatchewan, did not pay PST as I'm not a resident of Saskatchewan). Had I reversed this and lived in Sask but purchased in Alberta, I'd still pay PST even though I was buying in a province without PST. The actual difference based on your numbers is about $6300 in savings. Still not worth it, IMO... the hit on resale value on the back-end will easily be the amount someone would save.
__________________
2006 M Coupe | Interlagos Blue | Black Interior.
|
Appreciate
0
|
02-27-2008, 07:21 PM | #22 | |
Got n54 ?
15
Rep 167
Posts |
Quote:
The 6.1% is taxable(GST). The PST of Quebec is calculated on the total amount paid (including Duties, GST and A/C tax)
__________________
2014 BMW 328i X-Drive Touring M sport, Mineral Grey
2010 BMW 535i X-Drive M sport, Alpine white 2010 Ducati Streetfighter S, midnight black |
|
Appreciate
0
|
Post Reply |
Bookmarks |
|
|