I have a 2 year old Mustang and its resale value is really bad. I plan to have it for at least 5 more years. How much does the move cost in terms of import? What other things do I need to consider? Is there any problem with servicing or selling a US car in Canada?
Thanks
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Do you own the car? You’ll need permission from the lien holder to export and it may not be given.
You’ll have to it HST in the car and maybe duty — not cheap. Then it will have to pass a safety which to get registered which is very thorough.
Also, check the RIV list of valid vehicles
to make sure yours is on the list. It likely is but occasionally a car valid for sale in the US may require expensive mods to be valid in Canada. Doubt this will apply to a 2 year old Ford.
Insurance on a sports car can be onerous in some provinces especially if you are a young, unmarried male. You might want to call a broker to get a quote.
Tl;dr: may be cheaper to just eat the loss on resale and buy a new car in Canada
As for servicing, not an issue. Lots of Canadians were importing cars from the US when our dollar was at par. The only thing that's an issue is transferring the warranty from Ford US to Ford Canada. The parts are all the same but a call to a local dealership in your new city wouldn't hurt to clarify.