Originally Posted by Rick R
Nomad. Is not a good idea to buy a boat in Canada for use mainly in the US.
1. Since you live in Ontario
, you will pay 13% sales tax plus registration fees
2. A Canadian boat cruising in the US needs a cruising permit
3. You could import
it into the US, and make it a US boat, but there are costs associated with that too
4. Boats are usually cheaper in the US, especially Fla. and the Chesapeake.
5. If you are not a US citizen, you can not federally Document a boat, but you can state register it.
Instead, buy it in the US and leave it there.
1. I wouldn't even think of paying the 13% tax. Either the broker delivers the boat to me in Wilson, N.Y., or he can forget the deal.
2&3. I would export the boat for state registration in state of choice, pay the 7% (example, Florida).
4. They sure are, but I've been told repeatedly that 'saltwater specials' are no bargain. It will not profit me to save $10K on a boat and have to spend $20K or more because of its saltwater history
. I want a boat I can sail, not spend years restoring.
5. I was aware of that, thanks.
I've been told by several of the posters in this forum that boats are cheaper in the U.S. (given the current
difference in the economic situation in the two countries, one might expect this to be true). A review of Yachtworld does not SEEM to bear this out. It seems that asking prices are still high, even if the selling prices are lower. I understand that there is a bigger difference between asking and selling prices in the U.S. than in Canada. If true, that bears investigation.
There's nothing stopping us from going to Annapolis
in October and scoping things out. We have time, and the freedom to travel. Whatever we do, we will be doing it this year. I don't want to waste years looking for a boat(s) to save a few bucks.
Thank you, for your comments.