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I am purchasing a car from Japan, the cost of the vehicle with the freight included is $3190. How much can I expect to pay in import taxes. The price of the automobile is $1690. How soon are the taxes due? The car is coming into Virginia.

2007-05-20 06:36:36 · 3 answers · asked by uvcf34 1 in Business & Finance Taxes Other - Taxes

3 answers

You can't purchase a car from Japan in the US except a US spec model sold through the manufacturer's distributor and dealer network. The vehicle will be held up by Customs. You'll have to post a bond of 300% of the vehicle's value (as determined by Customs) and agree to re-export the vehicle within 1 year. If you fail to re-export the vehicle it will be subject to confiscation and you will forfeit the bond.

2007-05-20 11:02:56 · answer #1 · answered by Bostonian In MO 7 · 0 0

If you don't pay the taxes then you cannot get your car.

Keep in mind Customs charges a daily storage fee.
If you wait enough days you will owe thousands of dollars to Customs.

The fees for all the paperwork will exceed the cost of your car.

NOBODY IMPORTS CARS FROM JAPAN.

If you could just import cars from Japan then Toyota, Honda and Nissan would not build factories in the United States of America.

The United States of America has the highest minimum wages in the World and you can make cars cheaper anywhere in the World.

The Taxes from Japan are INSANE to protect General Motors, Ford and Chrysler.

If you are a millionaire buying a classic car then that's fine but if you are just an employee trying to save on your next car then you will lose thousands of dollars.

2007-05-20 13:36:02 · answer #2 · answered by Anonymous · 0 2

The last time I went through the other way around - from the UK to the US the limit was $650. But seriously, all you have to do is claim what you want to when it comes to clothing. Tear off the tags (as if they'll look in your bags anyway) and say they're the clothes you brought with you. They're more concerned about people who are bringing in thousands of dollars of merchandise with the intention of reselling it.

2016-05-22 01:34:04 · answer #3 · answered by Anonymous · 0 0

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