I live in Australia
. When I was searching for a boat to purchase
, I did not limit my search to boats in Australia
. I too was amazed by how much cheaper a particular boat could be purchased overseas compared to the home market price
. Nevertheless, when I sat down and actually did the sums, the saving became less significant than at first glance. If you add up the various ways the government
will get money
off you for importing a boat (GST, import
duty, etc), it can end up being a big chunk of the value of the boat. You also have to factor in the cost of getting the boat back to Australia, which can also be a pretty heft cost. Also, it is worth bearing in mind that the pre-purchase costs associated with having a look at the boat and getting it surveyed are going to be a helluva lot more if the boat is ont the other side of the world... and if, when you fly over there to have a look, you decide not to purchase
, that is money
down the drain.... add up all these costs and factor them into the price
I'm not saying that you cannot buy a boat overseas and bring it back to Australia for less than purchasing
locally; I know 2 or 3 guys localy who have done so, and saved a bundle of cash. Nevertheless,when you factor in the additional costs and risks, it is not as cheap
as it might appear at first glance.
In the end, I bought an Australian boat.