Dotster
Reply
 
LinkBack Thread Tools Rate Thread Display Modes
  #1 (permalink)  
Old 10-06-2007, 01:59 AM
Aly
Junior Member
 
Join Date: Sep 2007
Location: BC
Posts: 10
Will this work?
I'm a dual citizen of America and Canada. Can I buy cheap cars in the states (up to 1/3 cheaper apparently) and bring them to Canada to sell them? Obviously I'd have to pay taxes and fees. But at the end of the day would there be any profit? are people doing this?
Aly is offline
Submit to Facebook Tweet This
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Spurl this Post!Reddit! Wong this Post!
Reply With Quote

  #2 (permalink)  
Old 10-06-2007, 02:52 AM
radreality's Avatar
YE Veteran
 
Join Date: Mar 2007
Location: Vancouver, WA
Posts: 649
I'm sure there are laws in place that prevent people from doing that.

Here in the US the laws and guidelines are different in each state, but it doesn't matter which state you buy it in, it matters which state you license it in.

I don't know how canadians are, but I'm sure they think similarly. I doubt you would make much money since those cars will technically be used and being sold by a private party.

______________________________
Robert Falk
Business Developer / Investor
Self Help & Success Forum

Last edited by radreality; 11-17-2007 at 03:32 AM.
radreality is offline
Submit to Facebook Tweet This
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Spurl this Post!Reddit! Wong this Post!
Reply With Quote
  #3 (permalink)  
Old 10-06-2007, 06:01 AM
crackah's Avatar
YE Veteran
Send a message via MSN to crackah Send a message via Skype™ to crackah
 
Join Date: May 2007
Location: Melbourne, Australia
Posts: 1,260
Yeah, the reason they are more expensive is because of tariffs or quotas or what not.
crackah is offline
Submit to Facebook Tweet This
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Spurl this Post!Reddit! Wong this Post!
Reply With Quote

  #4 (permalink)  
Old 10-06-2007, 11:02 PM
teabenny's Avatar
Senior Member
 
Join Date: Jun 2007
Location: Wuhan/Brisbane
Posts: 150
Larry was a border guard on the border of the USA and Canada. It was a quiet crossing, and there wasn't much to do. But Larry liked an easy life.

About once a week, a guy called Aly drove through Larry's checkpoint into Canada. They struck up a casual acquaintance, but the regularity of Aly's comings and goings aroused Larry's suspicions. He started to search Aly's car when he passed through, but never found anything. One day, Larry asked him what he did for a living. Aly laughed and said "I'm a smuggler."

A few years later, Larry was in Canada on holiday. He was at a burger joint when he spotted Aly a few tables away. He went over to talk to him.

"Hi, remember me?" Larry asked.
"Absolutely," Aly smiled. "Good to see you."
"Yeah, it's been a while. How have you been?"
Aly nodded. "Very good."
Larry took a deep breath. "I want to ask you - were you really a smuggler?"
Aly laughed. "Yes, I was."
"But I always searched your car and never found anything. What were you smuggling?" Larry asked.
Aly laughed again. "Cars!"

(This is not a legal suggestion)
teabenny is offline
Submit to Facebook Tweet This
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Spurl this Post!Reddit! Wong this Post!
Reply With Quote
  #5 (permalink)  
Old 10-08-2007, 10:47 AM
jasaunders's Avatar
YE Veteran
 
Join Date: Feb 2007
Location: Chicago, IL
Posts: 1,734
You would have to pay import/export fees to bring the cars in.
You would need to do a lot more research, but the US Dollar is extremely weak to the Canadian Dollar now, so it would be a good time to do anything that would take advantage of this, importing included.
jasaunders is offline
Submit to Facebook Tweet This
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Spurl this Post!Reddit! Wong this Post!
Reply With Quote

  #6 (permalink)  
Old 10-08-2007, 04:40 PM
Aly
Junior Member
 
Join Date: Sep 2007
Location: BC
Posts: 10
Well there are only a select few car dealers who won't sell to Canadians supposedly. I'd also be finding the buyer before I bought the car. But if everything goes well, I don't see why I couldn't turn a profit like this, especially since you don't have to pay gst on cars made in the u.s., canada, or mexico.
Aly is offline
Submit to Facebook Tweet This
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Spurl this Post!Reddit! Wong this Post!
Reply With Quote
Reply

Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


YoungEntrepreneur Logo Featured on: Business Week About Alltop Wall Street Journal
Dotster