Importing car to Ontario from USA

[canaspirant18]

Hi All,
I am planning to buy a new Car (on finance) and then move to Canada as the price in Canada is 20% more than inUS.
How much will I have to pay tax on the border, will be able to get registration and plates in Ontario?
Please advice.

Thanks in advance.

 

[lampbreaker]

You won't be able to export a financed car into Canada. You need a clear title (or your lender should agree to let you transfer the car, but it is highly unlikely).

 

[canaspirant18]

You won't be able to export a financed car into Canada. You need a clear title (or your lender should agree to let you transfer the car, but it is highly unlikely).

This is reply I got :
After you purchase the vehicle, you will get an Ohio memorandum title in the mail. You will have to notify the bank you financed the vehicle through once you move to Canada. They will provide you with the proper documentation that you will need to go to your Canadian BMV.

 

[canaspirant18]

You won't be able to export a financed car into Canada. You need a clear title (or your lender should agree to let you transfer the car, but it is highly unlikely).

Thanks for your quick reply.