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15 January 2019, 04:34 PM | #1 |
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An American buying in Canada
I’m headed to Toronto from the US for a day next week and was wondering if it made financial sense to buy there. I’m looking for a SubC and I know my chances are close to zero, but any advice would be appreciated on the off chance the stars align.
So a SubC is 8550CAD +13% HST= $9661.5CAD = $7285.2USD $7285.2USD + 3.1% U.S. Import Duty = $7511USD Am I missing anything? I’d basically save sales tax over buying local. Thanks in advance! |
15 January 2019, 07:24 PM | #2 |
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The first part is correct. Not sure about the second.
You will not find a Sub available to a walk in at an AD in Toronto. You might get lucky in Cambridge/Waterloo, but otherwise all GTA ADs have waitlists for this piece. |
15 January 2019, 07:43 PM | #3 |
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if its cheaper (relatively) that ensures you wont find one at all. People figure it out. Same problem in the UK. I got a BLRO including a 20% VAT for <9k USD so imagine how cheap it would have been had i got a VAT return. In the US and including tax its 10k USD
If the Canadian retail pricing is less than US pricing in USD terms i probably wouldn't bother.
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Instagram: tyler.watches current collection: Patek 5164A, Patek 5524G, Rolex Platinum Daytona 116506, Rolex Sea Dweller 43 126600, Rolex GMT II 116710LN, AP 15400ST (silver), Panerai 913, Omega Speedmaster moonwatch, Tudor Black Bay (Harrods Edition) |
15 January 2019, 08:43 PM | #4 |
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No Subs in Cambridge/Waterloo as of Sunday.
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15 January 2019, 10:08 PM | #5 |
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You won't find one at an AD, but a couple of resellers in toronto such as Watchfinder may have some. Ironically, I am also in Toronto this weekend
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15 January 2019, 10:24 PM | #6 |
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It can be worth it, yes.
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15 January 2019, 10:31 PM | #7 |
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Welcome to the forum
With the current rate of exchange it makes sense, but it’s funding one that will be the problem. |
16 January 2019, 06:34 AM | #8 |
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Thanks for all the replies! Yeah, I don’t expect to find one but I’m an eternal optimist!
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16 January 2019, 06:49 AM | #9 |
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saving sales tax is the most you can ask for
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16 January 2019, 07:50 AM | #10 |
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Good luck in the hunt!
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16 January 2019, 01:19 PM | #11 |
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I'll be in Toronto in two weeks hoping to wing by Royal De Versailles to see what they have in their inventory
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16 January 2019, 01:41 PM | #12 |
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Yes, Canadian prices are slightly lower, but once you factor in taxes, the price is very similar to the US. Of course that is refreshing to some degree, because it seems like a lot of things in Canada are more expensive than the US for no good reason. I bought my Tudor Black Bay in Montreal and saved a ton of money.
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16 January 2019, 03:09 PM | #13 |
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So i was in watchfinder today because they just reopen from their holiday break and boy do they have alot of new toys, i saw 2 hulks, 3 batmans, and some chnrs both tt and pm... also they had ceramic daytona black and white but those were sold already, but you never know sean is the manager/owner there he may be able to hook you up... and YES they had like over 4 or 5 subs date and ND but i think they were both 5 and 6 digits but yea...
in terms of sub i think all ad have none sooo you'd prob need to go to grey... happy huntings! |
16 January 2019, 04:14 PM | #14 |
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You’re correct it equates to us msrp pre tax. Be sure to have a CC that doesn’t charge foreign transaction fees. You’ll have to get lucky to be honest. Use to be a field day up there but those days are over.
I might be in Canada too. I’ve got a stack of CAD from last time I was at the casino.
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