MC's from Mexico
08-06-2008, 01:36 PM
#1
Simi Valley, CA
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Join Date: Mar 2008
Posts: 182
MC's from Mexico
All,
I have a company friend that is looking at small MC's in Mexico to buy there and ride over to use for his personal use.
http://www.honda.com.mx/motos/index.php
What would be the downside of this transaction?
I have a company friend that is looking at small MC's in Mexico to buy there and ride over to use for his personal use.
http://www.honda.com.mx/motos/index.php
What would be the downside of this transaction?
08-06-2008, 02:01 PM
#2
Senior Member
MotoGP
Join Date: Mar 2007
Location: Phoenix, AZ
Posts: 3,132
Lots of downsides especially if it is a model not sold here already: http://www.foreignborn.com/visas_imm...ingyourcar.htm
"Dutiable Entry
Foreign-made vehicles imported into the U.S., whether new or used, either for personal use or for sale, are generally dutiable at the following rates:
Autos. . . . . . . . . . . . . . . 2.5%
Trucks . . . . . . . . . . . . . . 25%
Motorcycles. . . . . . . . . . 3% or 3.4%
Duty rates are based on price paid or payable. Most Canadian-made vehicles are duty-free.
As a returning U.S. resident, you may apply your $400 Customs exemption and those of accompanying family members toward the value of the vehicle if it:
* Accompanies you on your return;
* Is imported for personal use; and
* Was acquired during the journey from which you are returning.
For Customs purposes, a returning U.S. resident is one who is returning from travel, work, or study abroad. After the exemption has been applied, a flat duty rate of 10% is applied toward the next $ 1,000 of the vehicle's value. The remaining amount is dutiable at the regular duty rate."
AND:
"Vehicles that do not bear a certification label attached by the original manufacturer must be entered as a nonconforming vehicle under a DOT bond for one and a half times the vehicle's dutiable value. This is in addition to the regular Customs entry bond."
AND:
"Nonconforming vehicles must be imported for you by a currently certified Independent Commercial Importer (ICI), a list of which is available from the EPA. This list should be obtained before you decide to import a car. The ICI will be responsible for assuring that your car complies with all U.S. emission requirements. (As of July 1, 1988, EPA no longer has the one-time exemption for vehicles five or more model-years old.) Be aware that EPA will deny entry to certain makes, models, and model years if an ICI is not certified or is unwilling to accept responsibility for the vehicle(s) in question."
Then after all that is done, I doubt you will find an insurance agency that will cover it here.
"Dutiable Entry
Foreign-made vehicles imported into the U.S., whether new or used, either for personal use or for sale, are generally dutiable at the following rates:
Autos. . . . . . . . . . . . . . . 2.5%
Trucks . . . . . . . . . . . . . . 25%
Motorcycles. . . . . . . . . . 3% or 3.4%
Duty rates are based on price paid or payable. Most Canadian-made vehicles are duty-free.
As a returning U.S. resident, you may apply your $400 Customs exemption and those of accompanying family members toward the value of the vehicle if it:
* Accompanies you on your return;
* Is imported for personal use; and
* Was acquired during the journey from which you are returning.
For Customs purposes, a returning U.S. resident is one who is returning from travel, work, or study abroad. After the exemption has been applied, a flat duty rate of 10% is applied toward the next $ 1,000 of the vehicle's value. The remaining amount is dutiable at the regular duty rate."
AND:
"Vehicles that do not bear a certification label attached by the original manufacturer must be entered as a nonconforming vehicle under a DOT bond for one and a half times the vehicle's dutiable value. This is in addition to the regular Customs entry bond."
AND:
"Nonconforming vehicles must be imported for you by a currently certified Independent Commercial Importer (ICI), a list of which is available from the EPA. This list should be obtained before you decide to import a car. The ICI will be responsible for assuring that your car complies with all U.S. emission requirements. (As of July 1, 1988, EPA no longer has the one-time exemption for vehicles five or more model-years old.) Be aware that EPA will deny entry to certain makes, models, and model years if an ICI is not certified or is unwilling to accept responsibility for the vehicle(s) in question."
Then after all that is done, I doubt you will find an insurance agency that will cover it here.
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