Friday, September 30, 2016

If you are thinking of starting a business venture exporting used American cars, it makes sense that the first places you will look are our neighbors to the North and South: Canada and Mexico. However, it is important that you learn about the market conditions in Canada and Mexico for car exports before you start exporting, and take into account the exchange rates between American dollar and Canadian dollar and the Mexican peso.

Exporting used cars from the United States to Canada can be a profitable business opportunity. Not only is Canada close to the United States, thereby decreasing logistical problems with transporting the vehicle there, but also many of the models popular in the United States are also popular in Canada. However, you should keep in mind that you need to pay a number of fees and taxes, including provincial sales tax, as well as provide extensive documentation and a 72-hour export notice.

Exporting used cars from the United States to Mexico is also a good business opportunity. The Mexican population is growing and becoming more prosperous, and there is an increased demand for good quality cheap vehicles. Trade between the United States and Mexico is relatively easy due to NAFTA, with reduced tariffs and regulations. You need, however, to keep yourself informed about the documentation needed and the fees and taxes demanded, as the Mexican government is notorious for changing the rules regularly.

However, Mexico presents another unexpected business opportunity. In Mexico you can find plenty of salvage vehicle auctions, where you can buy salvage cars for a fraction of their price in the United States. If you’re thinking about taking advantage of this, you must, however, make sure the auctions you are attending are properly licensed. You also need to learn as much as possible about the vehicle you want to buy and what you’ll need to do in order to make it drivable again in the United States. Also take into account the extra costs of repairing and insuring the vehicle, and going through customs, as well as the logistics of transporting it to the United States.

Tags: car, usa, auctions

Publicado por usacar @ 8:03 PM
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