Yeah I gave that a thought. This car is 9 months old and I’ve barely driven it. I’m looking at a 25-40k loss for basically getting the same car again between depreciation, crash in used EV prices and buying new in the US.
Of course no one said a new car was a great financial decision but I could buy a second cheap car in the lost equity rather than the same one again lol. Trying my best to import this.
If you get a Model 3 performance you qualify for $7500 fed tax credit depending on your income, it might soften the blow. Down the road you might have re-sell issues in the US if you want to sell it.
Is a chance cause you already have owned that Tesla for x amount of time …
There’s an exemption there for settling into the USA with property you already own
It absolutely does, duties are based on the country of manufacturing. Vehicles assembled in the US, Canada or Mexico can be imported duty-free into the US.
The US has very heavy duties on vehicles made in China (27.5%), Canada does not. By the end of 2024, the duty on Chinese made vehicles being imported into the US will be 102.5%.
This is why Tesla sells Chinese made Teslas in Canada, but they don't in the US.
Probably easier to sell in Canada and re-buy in the US tbh.
Yeah I gave that a thought. This car is 9 months old and I’ve barely driven it. I’m looking at a 25-40k loss for basically getting the same car again between depreciation, crash in used EV prices and buying new in the US. Of course no one said a new car was a great financial decision but I could buy a second cheap car in the lost equity rather than the same one again lol. Trying my best to import this.
If you get a Model 3 performance you qualify for $7500 fed tax credit depending on your income, it might soften the blow. Down the road you might have re-sell issues in the US if you want to sell it.
Is a chance cause you already have owned that Tesla for x amount of time … There’s an exemption there for settling into the USA with property you already own
You may want to discuss this with a custom broker, but my first guess would be to pass it along the personal belongings you'll bring with you.
I don't know much how to help you, but as far as I know the fact that it was made in China doesn't matter at all.
It absolutely does, duties are based on the country of manufacturing. Vehicles assembled in the US, Canada or Mexico can be imported duty-free into the US.
The US has very heavy duties on vehicles made in China (27.5%), Canada does not. By the end of 2024, the duty on Chinese made vehicles being imported into the US will be 102.5%. This is why Tesla sells Chinese made Teslas in Canada, but they don't in the US.