Broker, Broker, where are you? - Page 4 - SailNet Community
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post #31 of 39 Old 03-23-2007 Thread Starter
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As for taxes!

Just one additional note regarding tax's. On importing into Canada, any boat not manufactured in NA, is subject to 9% duty, of the exchange calculated price, plus and additional 14%, on top of that. GST,PST combined in the Maritimes of Canada.
Ouch.
Tayana, Hylas, Mason, Tatoosh, TaShing.......all my favorite's have duty.
I assume Bristol is the only other blue water US made boat that would be exempt the 9%.
Exchange, and GST,PST would still apply.

I have the option of keeping it offshore, but would then not have the opportunity to cruise the Canadian East Coast.

It costs alot to boat in Canada!
Again, thank's for your replies.
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post #32 of 39 Old 03-23-2007
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Valiants are made in the USA AFAIK... So are Pacific Seacrafts...

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post #33 of 39 Old 03-23-2007
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One More Point,

I have bought three boats since 2003. Two were from brokers (the two I listed earlier). When shopping, I was also ignored many times. The few times I forced myself on the broker, either by going to the brokerage, or by repeatedly calling, the boat in question turned out to be trash.

I can't prove it, but I bet that some of the boats you are interested in are probably not at advertised. The broker most likely know that, and doesn't want to waste his (or her) and your time discussing it.

Ideally, the boat owner would price the boat appriopriately, would have the boat clean, etc. but it doesn't often happen that way.

Good luck, and keep looking.

Barry

Barry Lenoble
Deep Blue C, 2002 C&C 110
Mt. Sinai, NY

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post #34 of 39 Old 03-24-2007
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Quote:
Originally Posted by Willsail
It costs alot to boat in Canada!
Again, thank's for your replies.
I was looking at a decent French cruiser (a Jouet 1280) that had been imported into the States for $100K. Bringing it into Canada would have cost another 24K.

Screw that (in the fastener-oriented nautical sense, naturally!). It's the tax bill that happens not ONCE, but EVERY time the boat is sold that gets my ire.

I found, ironically, an entirely Canadian built custom boat which only cost me provincial sales tax and registry transfer, but is considerably "more boat" for that price. It was stored a bicycle ride away from my house...and I had been looking via the internet around the world at boats and was prepared to fly in a surveyor...turns out there's no place like home!



Oh, and NAFTA/free trade, me arse.
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post #35 of 39 Old 03-24-2007
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As far as duty goes when importing a boat into a NAFTA country from another NAFTA country: The origin of the boat is determined based on where the bulk of the value of the boat was generated.

i.e.: Let's say a hull, deck and rig were imported from England in unassembled form (kit) at a cost of 25,000. The boat is subsequently assembled and fit out in the US at a further cost of 75,000. It is used by the importer in the US for a few years, and then surveyed and sold for 125,000.00.

The boat is NAFTA eligible, because the greater art of the value accrued in the US, and because it "entered trade" (was sold and purchased) in the US.

Such a boat woud be able to enter Canada duty free, but taxes (GST/HST) would still be payable. Use a Customs Broker (fairly inexpensive) or a lawyer (more costly) for this.
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post #36 of 39 Old 03-25-2007
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I have also had the experience dealing with dilatory boat brokers, as buyer and also as seller.
Sending a fax to the broker helps. Most of the websites give fax numbers. Also if the name of the boat it given, you can search for the name on the Coast Guard registry. Sorry I do not have the url for this site; you can do a google search for it. With the name of the boat you can get the registered owner, write the owner and tell him that you are interested in the boat, but the broker is not returning your calls.
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post #37 of 39 Old 03-25-2007
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Why should boat brokers be any different from the general public these days?

One friend called four painters for house-exterior painting. Only one showed up for the estimate, and then he didn't show up to start work until three days later with no excuse, not even a phone call. He was surprised that his services were no longer wanted.

Another went to a "home expo" and asked several fencing companies to come over for new estimate to fence his property. All the companies had paid to attend the expo...none showed up, none called.

This is the new way business is done, there are so many customers, so many fish in the barrel, that many businesses don't really care about the basics like making a phone call or keeping an appointment.

Which makes the short list of "good folks from a referral" all the more valuable.
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post #38 of 39 Old 03-26-2007
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I checked with the Boat US buyers service on the value of a certain model. Boat US will generate an average selling price for a particular model & year. The Boat US estimate was $162,000. A few boats on yachtworld were listed at $170,000 to 190,000 but most were listed around $240,000. I suspect that a broker that has a listing that is 50% over the real world price in a soft market isn't going to make much of an effort for that boat.

Having said that, he should respond and offer to work with you in finding whatever boat would suit your purpose.

I know of realtors that only work to get listings, not sales. If they get the listing, they are guaranteed half the commision and let the buyers agent do all the work.

Somebody mentioned a buyers broker wanting to get paid. Did the buyers broker want money direct from the buyer, not part of the commision? As I understand it, boat brokers work similarly to realtors in that the listing agent gets half and the buyers agent gets half. Did this broker want a different deal?
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post #39 of 39 Old 03-26-2007
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Broker in Annapolis and Newport

Give Alex Harrison a call in Annapolis. The comapny he is with has brokerage offices in Annapolis and Newport. I found him through a Power Boat Friend and can honestly recommend him. He is hands on and quite knowedgable . . (about sailboats)!!.

MidLantic Yachts in Annapolis MD
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