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Subject:
Purchasing a car in the UAE for export
Category: Business and Money Asked by: sazarac-ga List Price: $9.50 |
Posted:
05 May 2002 21:14 PDT
Expires: 12 May 2002 21:14 PDT Question ID: 13305 |
Should I purchase a car in the United Arab Emirates, use it for a year, and ship it back to the states after that year? |
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Subject:
Re: Purchasing a car in the UAE for export
Answered By: drdavid-ga on 11 May 2002 11:53 PDT Rated: |
Your question seems to be premised on a customs law that no longer applies! There was a time when it was fairly common practice when living abroad for a year or more to buy a car that was cheaper, drive it for a year or more, then bring it back to the United States. The duty on a car that had been used abroad for more than a year was substantially less than that on a new car and certain cars could often be purchased for less money abroad. Even with $2000 or so in shipping costs, the car could be cheaper than an equivalent car purchased in the United States. These rules have, unfortunately, changed, and, in most cases, bringing a personal car back to the United States is no longer an attractive proposition financially. If you want to do it for sentimental reasons, or because the car has some special characteristics important to you (perhaps you plan to enter it into auto shows), then it is certainly possible, but for "ordinary" cars, you will likely come out ahead to sell your foreign car and buy another in the United States. If you still wish to consider bringing your car into the United States, you can review the requirements and rules on line. The US Customs requirements are described on their website: http://www.customs.ustreas.gov/imp-exp2/informal/car.htm You will find that the duty on an imported car (less than 25 years old) is 2.5% of its purchase price regardless of whether it is new or used. On a truck, it is 25%. You will also find that your vehicle must conform to US and local State safety and emmisions requirements. If it was not built for sale in the US, it will likely need to be retrofitted to meet those standards. These retrofits must be performed by a Registered Importer. You can find a complete list of these requirements and vehicles which can be so retrofitted at the website of the National Highway Traffic Safety Administration: http://www.nhtsa.dot.gov/cars/rules/import/ Good luck with your car purchases! Google search: import car one year united states ://www.google.com/search? q=import+car+one+year+united+states | |
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sazarac-ga
rated this answer:
Great response - would have given it a 5-star rating but I have had no other similar experience with which to compare; so thanks, keep up the great work! Steve Zalewski |
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Subject:
Re: Purchasing a car in the UAE for export
From: luckyluke-ga on 10 May 2002 15:53 PDT |
No, it is not a good idea to try to import a car into the US unless it is a special car you personally love. When importing a car in to the US there are safety standards set up to hinder that kind of transaction like changing the bumpers. Another problem is that many of the cars in that area of the world may be use to normal gas instead of unleaded gas or require at least out super premium quality. The import taxes bringing the car into the US are outrageous plus you will end up paying around $2000 to ship it from as close as Europe. When you do get it into the United States good luck finding cheep insurance or a buyer for the car when you are sick of it. The other angle is what some of my friends are doing here at my international university. They are buying Renaults, Land Rovers whatever from around Europe, one from Yemen and paying the $2000 or so to ship the car to the east coast pick it up and can drive it for a year on their student visas with European license plates and no modifications is legal but then after that period you are stuck with a car that should not be on the road that will sell for a good loss of value. So my opinion is no just buy a car there sell it for a discount to sell it fast then come buy a different car in the USA not even looking for a deal you will still make out better in the long run than if you were to ship it back. LuckyLuke-ga |
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