With the exchange rate in favor of the U.S. in Canada, would it be worth it to buy a car there?

Question:
The current exchange rate is about $1.15 and I am in the market of buying a car. Would it be worth it to buy a car over there? Or, is the paperwork and legalities a pain in the neck? Can someone please explain the process of bringing in a car from another country?

Answers:

How is a car classified as a lemon. How long after you've bought it off the lot and after it brakes down.

If its a US legal car thats in Canada it might be worth the trouble. It will take a few calls to both Us and canadian customs. With todays gobal issues the paperwork can take forever. Unless you find a "importer" willing to do the work for you. Unless its a rare collectable car or some other special vehicle that can only be found in Canada, don't waste your time.The biggest problem id that if it was built form the canadian market you will have to have it converted to US standards first.

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Im interested in buying and selling cars for profit and fun. Anyone know how much a dealers license costs?

what you save in the exchange rate you will lose in the duty taxes and the paperwork is a pain in the neck. And cars from Ca are all beat and rusty anyway so why do it?

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How can someone get your name off after you cosign for a car?

Your best bet would be to get your information directly from customs.I wouldn't trust CarQnA.com for something like that. Then find a customs broker and ask them what you need to do as well. Between the 2 you should find out all you need to know. I think the age of the car would have a bearing on how much duty would have to be paid.

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Buying a new car help.?

Whatever you saved in the SRP will also be spent for taxes, delivery charges, and the like. You'd better get a cheaper alternative to the car you want in the US. There are lots of brands available, with various models to choose from. Take your time to scout showrooms and weigh the pros and cons of your chosen contenders. Don't be shy to ask for a test drive, as this will be a good factor to consider. Also, inquire about low down payment rates. It will be a lot easier on the wallet. :) Have a happy ride!

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