Brief Guide on Buying Overseas Cars
Whether you are a sole buyer or a company seeking to export vehicles, you should know where to begin or how it works.
As an individual, exporting a car can be a great way to get a fantastic deal. A certain model may not be available in your country or could be back ordered for months or its might be just cheaper then buying within your own country. If you are reading this your probably know that sometimes buying a car from another country such as Canada can be a great option especially if you live in countries such as Germany, USA, France, Russia, China, Israel and most of Europe.
On the other hand, some auto companies build their whole business and inventory on exported cars. Buying vehicles overseas is a big challenge for individuals and business owners alike. Not only are there risks of fraud and scams, but there is also a possibility of buying something stolen. On top of that, shipping the vehicles to the destination country is another headache if you do not go through a reputable and experienced car exporter.
Whatever your reason for buying a car from overseas is, here are a few tips and valuable information before you proceed forward.
Research the Market
The first step is to research the vehicles you want to buy. You must determine the make, model, year, and trim levels. Once you have that details, you can start looking for dealerships in the country where the vehicles are located. In some nations, you might not be able to purchase a car from a dealership if you don’t have citizenship.
Remember, don’t trust any dealership blindly; some may be fraudulent. In fact, research has shown an increase in fraud and scams since 2021. So, if you like vehicles at a dealership, be sure to do your own research and choose a reputable company. Find customers who have purchased from them and know their reviews before you make the final decision.
Get Ready to Make the Purchase and Export
Once you’ve found the perfect car(s), it’s time to negotiate a price with the dealership and prepare for their export. You’ll need an export license from the country where you purchased the vehicles. Once you have the license, you can ship the cars to your home country through an international shipping company.
Find a Reputable Shipping Company
Once you have paid for the car and get an export license, you must arrange to ship it as soon as possible. In some cases, vehicle dealerships may be able to assist with this. Otherwise, there are plenty of export firms that specialize in shipping cars overseas. The shipping cost will depend on factors such as the size and weight of the vehicles and their destination.
Shipping companies specialize in exporting vehicles, which means they know all the paperwork and regulations involved. Doing so takes a lot of the stress out of the process.
Companies such as CEC Auto Group in Canada specialize in doing this all for you. They will find the perfect vehicle for you and, take care of the shipping process. It’s a one stop shop from A to Z. They have different types of insurance to guarantee your safety, your delivery and your satisfaction. The vehicle is fully insured from the moment it is picked up at the dealership, through the inland transportation, at the shipping agent, once it gets into the container, and until it gets unloaded at the final port of destination You can call them directly and speak with the owner Jonathan Castiel.
Helpful Points to Remember When Buying Cars Overseas
When going through the process of buying vehicles from overseas, keep in mind the following things:
● Research Import Taxes And Tariffs Before You Buy:
You may be liable to import taxes or tariffs depending on where you import your car. Before purchasing, you should be aware of these taxes, which can add thousands of dollars to the cost.
● Get Multiple Quotes:
Your shipping costs depend on your choice of exporter and shipping method (RORO vs. container). To enjoy the best possible deal, get quotes from multiple exporters before making your final decision.
● Factor In Potential Repairs:
Remember that vehicles built for other markets may not meet U.S. safety standards. They may need considerable repairs or changes before you can legally drive them on U.S. roads. Consider these potential repair costs in your budget when shopping for cars overseas.
Final Thoughts
Buying cars overseas can be a great way to get your hands on rare or hard-to-find models and improve your auto business. However, you need to be vigilant of scams and export laws.
For more information on buying and exporting cars overseas in Montreal, Canada, we highly recommend you contact CEC Auto Group owner Jonathan Castiel. He will be happy to help answer any questions you may have about the car exporting process.
