Making an offer and Currency Fluctuation

[hfoster]

[QUOTE=john61ct;578160]Maybe he won't, but it is worth worrying about.

Why worry about it. If they do we all are done away!

Ok enough fun. This post is getting out of the realm of what the Poster wants info about!

Cheers

H.

[yachtbrokerguy]

If you import a boat from Canada into the US that was built in Canada, there is no duty (NAFTA.) If it was built in the US than a US built returned goods entry must be made with customs. The import duty for boats built in most other countries like Taiwan or China is only 1.5%. If the Taiwan boat had been imported into Canada from the US in the past, and records were kept of the Entry Summary, and the sale was in the US not Canada, then the old Entry is still valid. If the sale was in Canada then the duty paid status is no longer valid.
There are new restrictions for engine emissions controls for boats built recently, most older boats can be imported.
Best to check with a customs broker so you know exactly what your situation will be.

[hfoster]

Originally Posted by yachtbrokerguy

If you import a boat from Canada into the US that was built in Canada, there is no duty (NAFTA.) If it was built in the US than a US built returned goods entry must be made with customs. The import duty for boats built in most other countries like Taiwan or China is only 1.5%. If the Taiwan boat had been imported into Canada from the US in the past, and records were kept of the Entry Summary, and the sale was in the US not Canada, then the old Entry is still valid. If the sale was in Canada then the duty paid status is no longer valid.
There are new restrictions for engine emissions controls for boats built recently, most older boats can be imported.
Best to check with a customs broker so you know exactly what your situation will be.

Great post! I forgot about that. Thank you for jumping in.

Cheers.

H.

[BandB]

You can always hedge the currency. Buy Canadian dollars now. Of course doing so is pretty much a guarantee of the Canadian currency dropping.

We bought out last boat in British Pounds. We had the option of US dollars and we just took a gamble that the Pound would drop. We paid substantially less for the boat in US dollars than the original price. It was far more than 1 or 2%. However, it's always a gamble.