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How to Purchase a Race Car Overseas Safely

NEWS STORY
19/11/2020

With so many cars available in the states today, many people wouldn't even think about purchasing a car from overseas. However, not all cars are available in the states. In fact, some vehicles may not be available in the US or, if available, are only so at such a high price that it's simply not cost-effective to purchase them here.

It isn't a cheap process to import a car from abroad but if you're purchasing a race car, you may find that this is the more economical option in the long run. If you're not sure of where to get started, it is important that you follow a good process. Unfortunately, some buyers have bought lemons from overseas or made other mistakes with their purchases that ended up costing high fines or similar problems. This is an overview of how to go through the process successfully.

1. Decide on Your Purchasing Method

When you decide to buy a race car abroad, you have two choices available to you. You can purchase your own vehicle and do your own research to get the car you want. If you don't have the time or expertise to do this on your own, vehicle importers are readily available. The benefit to using an importer is that these talented and knowledgeable individuals are well-known in the auto industry. They're experienced with importing vehicles so they'll be able to navigate the process. Make sure that you only work with reputable importers though as not all are legitimate.

You can do this process on your own although it's best to use caution. Some people find that the process is too confusing since there are multiple rules in customs from importing cars from abroad. If you don't feel comfortable navigating the process, it's probably best to leave it to the professionals.

2. Choose the Race Car

Once you're ready to get started, the first thing that you need to do is to ensure that you know the vehicle that you want. Research competitive prices to determine if you're getting the best deal.

You'll also want to compare the cost and cost of transporting the vehicle to your location in comparison to purchasing the same vehicle in the states. Not all race cars are available in the states so this may not be relevant. However, you should do some research to find the right car for your needs.

3. Choose a Good Vehicle Importer

You will have to use some type of service or importer service in order to get the race car to your location. If you're working with a vehicle importer service, they may have a process in place. This is the simplest option and may be the least expensive. If you'd rather do the work yourself, you also have this option but compare the cost and the difficulty. Choosing an importer service isn't too complicated. Ensure that you know the process that they use and feel comfortable leaving the car in their hands.

4. Check the Vehicle Importer with Spokeo

If you don't know the company, you can use a phone number search to find a little more about them. Spokeo's phone number or email search is a handy way of determining if they are legitimate or if you should look elsewhere for your needs.

5. Know the Major Costs

When it comes to purchasing a race car abroad there are five major fees that you should know:

• International bank fees- usually present when paying from an international bank account
• Ground transport- the cost of the transport itself
• Marine insurance- this is an insurance you'll need if shipping the car via boat
• Customs inspection feeds- if the vehicle is inspected, you''ll have to pay for customs inspection feeds
• Destination charges- most shipping companies have a charge due at landing which can vary significantly

6. Where to Buy a Race Car Abroad

In general, the costs of purchasing a race car are the least expensive in Russia. However, many buyers prefer the high quality that is kept up with in Russia. You may have to choose between quality and cost but if quality is preferred, Italy may be your best choice.

Maguire Haigh is a marketing manager for Spokeo. He is interested in the latest technology trends, marketing strategies and business development. He also prefers traveling, exploring the world and meeting new people. Maguire has great experience in creating and editing articles on different topics.

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