Thoughts and tips of bringing a Grady 232 up from states

MikePA

MikePA

Well-Known Member
After some thought and deliberation, I think the 232 is the boat I want to go with. There's nothing for sale up here and even with the exchange, the prices down south, especially in Florida seem appealing. Any thoughts on this or tips?
 
MikePA said:
After some thought and deliberation, I think the 232 is the boat I want to go with. There's nothing for sale up here and even with the exchange, the prices down south, especially in Florida seem appealing. Any thoughts on this or tips?
Click to expand...
Watch out for boats that have been through a hurricane
 
Bringing a boat in the winter is more costly, risky than in the spring summer, it may benefit from a wrap for protection. When the two BC flippers do it they buy a new trailer at wholesale cost to minimize the chances of breakdown. My buddy used a good hauling company with a trailer found on uship can’t remember if it was 5 or 10k but he would only launch in fresh water or at a marina with a cradle crane to protect his trailer.

Remember the exchange rate with google or online is likely not what you are going to get from your bank.

A good survey is hard to find, and doesn’t include a true electrical, mechanical inspection or a sea trial.

I bought from a dealer in Seattle who had my boat on consignment, I made an offer and we put it under “contract”. I’ve had trailers sold on me while driving down the I5. the dealer was able to quote some of the deficiencies to the seller and get them fixed on the spot, but I noticed other deficiencies in the radar and didn’t understand the extent of the problem. Cheap boat lesson under $1000 to repair it but several days of trouble shooting, uninstalling and bringing it into anchor marine in vic.

When using a surveyor for a private deal on a different cat hull the surveyor missed the fact it had been beached and the keels had been worn down to bare glass.

My friend used a good surveyor in Chesapeake Bay Area, use the hull truth and ask around for a good surveyor.

Trailer age and stickers matter, my vin sticker was faded Canadian tire refused to certify it until my insurance agent lost his **** and went to bat for me, calling icbc. I was pretty happy, considering he has nothing to gain.

I’ll do a video on importing and buying a boat cross boarder but I’m 4 videos behind.
 
kaelc said:
Remember the exchange rate with google or online is likely not what you are going to get from your bank.
Click to expand...

Never, ever, use your bank to change CAD to USD or any other FX transaction when converting a large sum of money. At the very least use a specialist FX provider which will get you a much better rate than the bank.

If you have an online trading account at one of the banks or online brokers, you can get within a basis point or two of the spot rate and save hundreds, if not thousands of dollars (depending on how much you are converting), in FX commissions.The technique is called Norbert's Gambit and is well documented online.

Here's a good summary: https://milliondollarjourney.com/sa...ad-foreign-exchange-using-norberts-gambit.htm

If you don't need a trailer, you can find a hauling company to bring the boat up on their trailer and splash the boat in Blaine. IIRC, I had quotes of US$5k - US$10k when I brought my 30' x 10'6" boat up from South Carolina in December 2017 on the hauling company's trailer.

Clearing customs is straightforward, just make sure to have your receipts and other documents. Bringing a trailer is across is slightly more difficult than a boat as you have to get it inspected on this side, but it is still straightforward. Canadian Tire for example does the inspections.
 
CBsqrd said:
Never, ever, use your bank to change CAD to USD or any other FX transaction when converting a large sum of money. At the very least use a specialist FX provider which will get you a much better rate than the bank.

If you have an online trading account at one of the banks or online brokers, you can get within a basis point or two of the spot rate and save hundreds, if not thousands of dollars (depending on how much you are converting), in FX commissions.The technique is called Norbert's Gambit and is well documented online.

Here's a good summary: https://milliondollarjourney.com/sa...ad-foreign-exchange-using-norberts-gambit.htm

If you don't need a trailer, you can find a hauling company to bring the boat up on their trailer and splash the boat in Blaine. IIRC, I had quotes of US$5k - US$10k when I brought my 30' x 10'6" boat up from South Carolina in December 2017 on the hauling company's trailer.

Clearing customs is straightforward, just make sure to have your receipts and other documents. Bringing a trailer is across is slightly more difficult than a boat as you have to get it inspected on this side, but it is still straightforward. Canadian Tire for example does the inspections.
Click to expand...

Are you doing Norbert’s Gambit in a cash account for something like this?
 
N2013 said:
Are you doing Norbert’s Gambit in a cash account for something like this?
Click to expand...

Yes, I've always done it in my regular cash account. RBC seems to be the easiest as they will automatically journal the shares over. TD requires a call to the direct investing line and the last time I did it there was a $10 or $25 fee. Still saved several hundred dollars on moving $10k across.
 
CBsqrd said:
Yes, I've always done it in my regular cash account. RBC seems to be the easiest as they will automatically journal the shares over. TD requires a call to the direct investing line and the last time I did it there was a $10 or $25 fee. Still saved several hundred dollars on moving $10k across.
Click to expand...
Noted. I've done it for investing, but makes sense for a large purchase in USD. Never would have thought of that.
 
Bought my 3788 Bayliner and 490 Meridian in the States. Just so you know, their Title search is completely different from BC's lien search. 15 years ago, so can't remember the exact details. Hope this helps. Ted
 
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