Car Buying Tips: Buying a Car in the United States Instead of Canada
It’s a hot topic right now, the topic of buying a car in the United States instead of Canada. Many Canadians in the market for a new car see the differences in the MSRP (Manufacturer’s Suggested Retail Price) between a car in Canada and the same car in the United States. That difference in many cases makes the case for buying a car in the United States rather than Canada much stronger and many are crossing the border or doing research online to check things out.
Buying a car in the United States is not as easy as it seems. Many Canadians think that all they have to do is buy the car, pay the tariffs and voila, they are on their way to HUGE savings!
In addition to paying taxes, there are a few other hurdles Canadians must overcome. Here’s just a quick rundown of what to consider if you’re thinking about buying a new car:
1. Dealers have a franchise agreement that prohibits them from selling cars to anyone outside of the country. I’ve heard stories of people actually finding dealerships that will break their franchise agreements, but it’s challenging.
2. The new car you buy will be cash because you won’t be able to qualify for US finance or lease rates and the rebates don’t apply to you.
3. If you were contemplating using your current one because as a trade you might face a challenge again. The US market is “full” of used cars and you may not even want to consider your car in the deal.
4. If you live near a border crossing, making the walk multiple times isn’t that hard for you, but if you’re going further afield, plan on taking some weekend trips and add that expense to the mix.
5. If you are thinking of buying a car in the United States instead of Canada, know that there are equipment modifications that you must make to the vehicle, you can check them here Buying a car in the United States instead of Canada [http://www.insurmycar.ca/buyingacarinunitedstatesinteadofcanada.html]
6. Check with Transport Canada and Canada Customs to make sure the car you are looking for Buying a car in the United States instead of Canada [http://www.insurmycar.ca/buyingacarinunitedstatesinteadofcanada.html] is admissible in Canada and what other documentation you need.
7. If you’re looking to buy a used car, hoops and hops aren’t that great, but check and be sure.
Buying a car in the United States instead of Canada may seem better when you compare the MSRPs between the United States and Canada, but there is much more to consider. Be sure to do your research not only on the car, but also on the requirements you need to look out for.