|
|||||||||||||||||||||||||||||||||||
|
FREQUENTLY ASKED QUESIONS We have been importing vehicles from the US since 1988. There are several things that you need to know in order to avoid running into trouble along the way. We can help you. Following the questions and answers below will reveal most of the process to you.
The first step is to decide what vehicle you want to buy. Please don’t call us to help you decide. We can only help you once you know what vehicle you want and what your cost is for the same unit in Canada.....apples to apples comparison. We can only help you on 2005 and newer units, we do not do deal in older vehicles. Once you know what vehicle you want you will need to locate one and get a price. You can do your own research or you can use us as a broker to handle some or all aspects of your transaction. Prior to arriving at the border you need to be sure that your paper work is in order. Note!!!!!! (This is important)!!!!!! A copy of your title must be presented to US. Border Protection Services at least 72 hours prior to your arrival at the border. If you don’t do this you will be held up for 72 hours and can be charged and prosecuted by the US government. On the Canadian side you must present your bill of sale as well as your title and your proof of payment to Canada Customs. You will have to fill out RIV forms as well as Import Forms. You may or may not get assistance from the attending officers depending on how busy they are. Please note that these are estimates and can vary:
Most banks won’t advance funds until the vehicle is in Canada because they have no security when it is in the US. We can get you pre-approved for financing and supply bridge financing until the vehicle arrives and you take delivery.
It can take anywhere from 4 days to 4 or 5 weeks to bring a vehicle back. Several factors come into play that will affect your time frame. The main factor is the title. No title, no import! There can be several situations where a title is delayed and fresh dealer trades take a while. Ask if they have the title in hand when you are purchasing. Don’t forget you have to have a copy at the US border 72 hours in advance.
Vehicles manufactured in the US are not subject to duty. This is why they want a certificate of origin in order to determine where the vehicle was built. The duty on imports is usually around 6%.
Go to www.riv.ca. Most vehicles can be imported but you need to check to be sure.
There are several services on the internet that can do this for you. Try Carfax. They can also do a history for previous accident claims for a small fee. They are an excellent service. If you use our service the lien check is included.
Most vehicles are paid by wire transfer or you can take a certified check with you when you go to pick it up if the seller will accept it. Do not wire money to private individuals!!! Most of the vehicles that we purchase from dealers we pay by wire transfer. You can also take cash although I would not recommend it. If you take cash over $10,000US be sure to declare it at the US border or they will confiscate it. If you use our service we handle the payment at no risk to you. No, it is not required as long as the face plate shows both metric and English. Having the speedometer in miles may affect your resale value at a later date. Fees to change an odometer can be $300.00 or more. Every manufacturer is different. Call the service department in a local dealership to find out. Don’t call the sales department because they may not know and may give you incorrect information. There are several auto transport companies that run in the US but very few come into Canada. Email chris@autoimportservices.com we can get you a quote to bring it back on one of our trucks. We can also handle the paper work and brokerage. We have been buying vehicles in the US since 1988. We have developed a network of wholesale suppliers from whom we can source vehicles. We also buy from wholesale auctions and lease companies and have access to factory buybacks in most models. We have a buyer that travels the US extensively. We charge $1500.00 Canadian plus expenses. Associated expenses will run around $2000.00 CDN for an approximate total of $3500.00. Your saving of 5% -10% on the dollar exchange will offset a good portion of this cost. You get the benefit of our insider buying power which will save you a lot more than the fee. The fee also covers the cost of our buyers expenses such as: wages, fuel, meals, accommodation,airfare, etc. Also covered is the cost of interim insurance as well as transport insurance, lien checks, administration costs etc. We also take the risk when sending money for the vehicle. In addition, you also get the benefit of our extensive experience which can help you avoid many potential pitfalls. We encourage you to look on your own. Most of the time we can find a vehicle for a lot less but there will be the odd situation where you may find a better deal. Contact us when you have decided on a vehicle and we will give you an approximate landed price.
We require the following:
Our buyer is a professional. He will only buy what he considers to be premium vehicles. We do not expect you to accept a substandard vehicle and you do have the right to reject a vehicle if it is not up to the standards that we have laid out. All used vehicles have minor flaws. Remember we are not selling you a brand new vehicle. If you are using our buying service, we need to be paid when the vehicle has crossed the border into Canada. If you finance through us, we need all papers signed at this time. Please note that there will be a delay in delivery because your vehicle has to have an RIV(Registered Imported Vehicle) inspection.This is a formality, however, it takes a couple days for the paperwork to be processed by the RIV people. They are usually quite prompt. We can ship to any major city in Canada, or you can pick up in Regina. We need to know this early in the process as we try buy the vehicle at a location as near to the final destination as possible. This saves freight costs.
If we don’t purchase a vehicle for you within 20 days you have the option of getting your money back with no extra charge for our efforts or just waiting a slightly longer time. if you so wish. |
||||||||||||||||||||||||||||||||||