I’ve gone through various threads related to importing a car from the U.S. and its associated processes. I’m trying to capture a set of trade-offs/costs if I were to buy a car in the U.S. for a few months and subsequently importing it vs. buying a new car altogether in Canada.
For context, I have a leased car that will be expiring at the end of this month. I plan to buy it out and sell it at some point later this year. I envision permanently relocating to Canada by early next year and plan to get a car just before/after my move, so I was wondering if I’m considering alternatives in the right manner.
- From a financial perspective, does the cost of buying a new car in Canada outweigh the hassle/charges of importing a relatively newer car from the U.S.? Primarily, wondering if a new car costs more in Canada and if I should just buy one here in the U.S.
- If I were to buy a car in the U.S. for a few months, is there a requirement for it to have been used for a few months (I believe 6 months?) before declaring it in the GTF?
I’d really appreciate if experienced folks could provide some guidance. Thank you.