Anyone can now import cars from Japan into Canada. Due to its reputation of low cost and high quality goods, vehicles from Japan are selling like hot cakes. Make sure to do all the possible research and background check before importing a car. Here is how to do the deal.
by Davion W
Anyone can now import cars from Japan into Canada. Due to its reputation of low cost and high quality goods, vehicles from Japan are selling like hot cakes. Make sure to do all the possible research and background check before importing a car. Here is how to do the deal.
In as much as you would like to deal to be done and over it, always be vigilant in making any purchase. Just a like saying goes, ‘Caveat Emptor’ which means ‘let the buyer beware. To prevent hassles in your car purchase, do research to save your hard earned cash.
Import means there are two places involved - in this scenario, Canada and Japan. To import cars from Japan into Canada means there are paper works to be filed. Check for local as well as overseas laws and policies before a purchase. For a brief preview of regulations, read on.
Under normal circumstances, Canadian residents cannot import cars under 15 years old. Importing cars from Japan to Canada is not an exception. Understand the requirements involving the country of origin or consult the Canada Customs and Revenue Agency (CCRA), Transport Canada, and the Canadian Food Inspection Agency. Fortunately for buyers, Japan is famous for its well-developed roads and high-maintenance automobile policies. That means wear-and-tear is not a major concern.
For a fee, you can hire a broker who could deal with necessary clearances. Your car will have to go through customs, be under import levies, and undergo inspection. Do not forget the registration and bill of sale of your vehicle for it will establish the identity of your new car.
Importing cars from Japan into Canada gives huge savings. Aside from plenty of options from different car auctions, you can cut the cost of a new purchase by 30 percent. Once it reaches its new destination however, make sure to check the market for the most reasonable insurance premium. Companies tend to double and sometimes triple the premium since you have an imported vehicle.
Lastly, pay all the charges regarding the transaction. To Import a car from Japan into Canada is not as different as to other countries. And since this is an overseas transaction, logistics and shipment payments are present. Inspection charges, taxes, tariffs, clearances, and customs fees are some examples. One important thing to consider is paying your car using a credit card. Your bank will provide security and protection from scams.
Check out my blog for more information on how you can get involved in importing cars from Japan into Canada. For list of accredited car dealers, go to the website of The Japan Used Motor Vehicle Exports Association. And for more customs information in Canada, visit www.ccra.gc.ca.
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