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Old 01-07-2015, 07:08 PM
 
13 posts, read 21,096 times
Reputation: 11

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Hello all,


I plan moving back to Ontario after studying and working in USA for 7 years. I bought a 2013 Honda accord coupe in US and now I am debating whether if it's worth it importing back to Canada financially? I bought the car brand new for 30K US dollar. If I sell it in US, I can sell it for 20K.

How much tax and duty plus other fees do I have to pay importing US car back to Canada? Is it financially worth it?

Thank you so much.
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Old 01-07-2015, 07:42 PM
 
Location: British Columbia ♥ 🍁 ♥
7,247 posts, read 6,588,771 times
Reputation: 14263
I'd suggest you find out first how much it would cost you to replace the car with its equivalent in Canada. Then you'll know if it's worth your while to keep it or sell it before you move.

.
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Old 01-08-2015, 02:16 AM
 
34,390 posts, read 41,490,319 times
Reputation: 29865
One factor that's immediately obvious is the $10K in depreciation you'll have to eat if you do sell it.
I'd bring the car back if possible.
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Old 01-08-2015, 07:11 AM
 
Location: CFL
903 posts, read 2,242,383 times
Reputation: 979
It's almost always more expensive to buy the same car in Canada. People on the border do brisk business importing US costs and net out cheaper after the inspection costs.

Do you own the car outright? If not you'd need a letter from the lienholder agreeing to let it leave the country..
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Old 01-16-2015, 01:12 PM
 
Location: Seminole County, FL
9,641 posts, read 6,625,530 times
Reputation: 12103
My sister was about to do this when she moved to Montreal. She was facing approx. $6000 in fees to import her car. She said **** that and sold me the car.
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