Is It Cheaper to Buy a Car Overseas and Import It?

1. Facts about Importing a Car
2. Research and Cost Comparison
3. Currency Fluctuations Affects the Cost
4. Follow the U.S Import Laws
5. Biggest Producers of Cars
6. Country Sanctions Review
7. Beware of Scammers
8. Imports Hold Value
9. Worry-Free Importing

Are you considering a car upgrade but trying to stick to your budget? Overseas vehicles might seem like an attractive option, and you've probably seen some advertisements for cheap cars from other countries. But is it really worth all the effort to buy a car from another country?

The answer is yes -- if you know what you're doing, you can significantly save money on your next car by shopping internationally. If you navigate the import process properly, all that's left for you to do is save up for the necessary import taxes.

In this article, we're going to help guide you through exactly how to buy and import a car from overseas.

We'll cover the costs involved and dig into whether or not it will actually help your wallet in the long run.

Facts about Importing a Car

Importing a car can be an exciting process, but it’s important to take the time to evaluate all of your options.

The National Traffic and Motor Vehicle Safety Act of 1966, the Motor Vehicle Information and Cost Savings Act of 1972, and the Clean Air Act are just a few of the import regulations in place by the U.S. government that all automobiles must abide by.

Cars imported from Canada are exempt from duty but still need to meet EPA standards.

To ensure compliance with U.S. import regulations, it is recommended to use the services of an Independent Commercial Importer.

Be wary of deals that seem too good to be true when buying a foreign car for import and make sure the seller has all necessary certificates. Additionally, investing in an inspection from an Independent Commercial Importer is highly recommended.

Cars over 25 years old may be exempt from restrictions, but must have their original engine or an EPA-compliant engine if modified.

Overall, importing a car can be a great experience if done appropriately and correctly.

Research and Cost Comparison

Researching prices from all over the world is a great way to save money when looking to buy a car. The internet makes it easier than ever to compare prices and contact buyers in far-flung countries.

However, use care while interacting with buyers, as there are many scammers in this industry.

When importing vehicles from abroad, there may be additional costs such as duties and taxes that must be taken into evaluation.

For example, foreign-made vehicles imported to the U.S. are dutiable at rates of 2.5% for cars, 2.4% for motorcycles, and 25% for trucks.

Most Canadian cars are duty-free if driven into Canada; however, U.S. residents can apply for an $800 CBP exemption while other exemptions exist for military and civilian employees, non-residents and short-term visitors.

Researching prices from around the world can help you find the best deal on your next car purchase; however, you should factor in all associated costs before making a final decision.

Currency Fluctuations Affects the Cost

Currency fluctuations can have a significant impact on the cost of buying a car.

When one currency's value increases in relation to another, it can make imported cars more expensive.

This is especially true for vehicles imported from outside the U.S., such as those from Canada or other countries.

Duties and taxes are also imposed on imported vehicles, which further increases their cost.

Thankfully, there are methods to save costs when buying a car abroad despite currency fluctuations.

U.S. residents can apply for an $800 CBP exemption while other exemptions exist for military and civilian employees, non-residents and U.S. citizens on short visits abroad.

It’s also worth researching prices from all over the world when looking to buy a car as this will help you find the best deal.

Follow the U.S. Import Laws

Be wary of buying foreign cars, as some may not meet U.S. standards, so it’s important to invest in an inspection and services of an Independent Commercial Importer to ensure the car meets all necessary modifications.

The Registered Importer program was established in 1990 to certify garages as competent to modify overseas-built vehicles to meet U.S. standards.

Imported automobiles are also subject to additional U.S. import regulations, such as the National Traffic and Motor Vehicle Safety Act and the Clean Air Act.

Biggest Producers of Cars

To help get you started with your search, we thought it would be helpful to show you the top car producing countries in the world.

The nations with the highest automotive production rates include:

1. China
2. United States
3. Japan
4. Germany
5. South Korea
6. India
7. Mexico
8. Canada
9. Spain
10. Thailand

Taking into contemplation which countries produce the most cars, research and price matching different makes and available shipping options to find the best deal.

We guarantee you'll be shocked by the savings and how easy it actually is to get this delivered to you at a fraction of the cost of buying locally.

Country Sanctions Review

The United States has imposed sanctions on certain countries, which means that importing cars from these places is not allowed. This is done to protect the U.S. economy and its citizens from any potential risks associated with doing business with these countries.

The Office of Foreign Assets Control in the Treasury Department keeps an updated list of sanctioned countries, so it is important to check this list before attempting to import a car from one of these places.

Here's a list of current countries with imposed sanctions:

• Syria
• North Korea
• Iran
• Russia
• Venezuela
• Crimea
• Afghanistan

Countries are added and deleted according to their government leaders and restrictive actions, it is recommended to check the Treasury Department's current list to know the up-to-date information.

Recently, Cuba was removed from the list of sanctioned countries, allowing for more open trade between the two nations.

However, many Middle Eastern countries remain off limits due to their political instability and other issues.

Make yourself aware of these restrictions when considering importing a car from one of these areas as it could result in serious legal repercussions if violated.

Beware of Scammers

When buying a car from a private seller, understanding the possible dangers involved is key.

It’s wise to check the used car history report and be cautious when dealing with private sellers, as criminal activity can be present.

Be wary of sellers who demand a quick bank transfer or deposit in advance for transport, as this could be an indication of fraud. Additionally, when buying anything online, it is important to understand the risks involved and take extra precautions.

Be wary of any seller offering suspicious deals or services that seem too good to be true, as these could also be scams.

To build trust with a seller, rely on online reviews and personal recommendations from people you know and trust.

You can protect yourself against con artists by following these actions and ensure that your purchase is legitimate.

Imports Hold Value

Imported cars can be a great investment, as they tend to hold their value better than American-made cars. This is especially true of classic cars, which may have different rules when it comes to depreciation.

Before importing a car, it is important to consult an investment expert and consider all costs involved with buying and importing the car.

The Registered Importer program helps to bring overseas-built vehicles into line with U.S. safety standards, and a list of current RI's can be found on the NHTSA website.

However, not all RI's accept vehicles from all countries or work on all models. Be sure to check with an RI near you to see if they can handle the imported car you’re looking at.

On the NHTSA homepage, you can also find a detailed list of the automobiles that are totally forbidden from being operated on U.S. routes until they are 25 years old.

Selling an imported car can be a great way to make a profit if done correctly, so do your research beforehand in order to ensure you get the best return on your investment.

The following is a list of imported cars that hold the best value:

• Porsche 911
• Mercedes-Benz S-Class
• BMW 3 Series
• Audi A4
• Lexus LS
• Jaguar XJ

These cars are known for their quality and performance, and they tend to hold their value better than other imported cars.

Additionally, these vehicles can be found at a lower cost overseas, making them an attractive option for those looking to save money

Worry-Free Importing

Whether it's cheaper to buy a car overseas and import it versus buying domestically really depends on the individual situation.

If you plan it carefully, do your research properly and factor in all relevant costs like customs, taxes and shipping fees, then it can certainly be more cost effective than buying the same vehicle locally.

Make sure you check out the regulations before importing a car from international countries as well, as this can cause additional costs or delays.

When you’re ready to ship your imported car over to the U.S., get in touch with us at A1 Auto Transport, where you can rely on our shipping experts to deliver your dream car safely and on time.

Don't hesitate to click this link and get your free quote now.