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Ah... grasshopper, so you have much to learn.
I think the issues you are missing are:
1) Insurance while in transit: Lets say the ship sinks, or your car gets vandalized, or it catches on fire due to a faulty electrical or fuel system. Who pays for that? This can happen while in impound. Do you think US Customs will foot the bill?
2) Regeistration: How will you register it? Go to Motorex? (That's big bucks. How will you get financing for it?) It is difficult to get a car loan for a grey market car, with questionable collateral value. Most people have to own a home, which they use for an equity line of credit for the cost of conversion.
3) Importation Problems: Lets say for whatever reason the Customs or DOT people find a problem and deem the car not fit for import. Suddenly you are faced with shipping the car back, on your nickle all the while making payments.
4) Misc. Costs: Can you afford the out of pocket expenses such as car payments and insurance for many months while the car is in limbo? You may be talking about at least 3 months, which depending on the car, could cost over $1000 a month. That is lost money! You won't be enjoying the car or driving it, and it's only depreciating in value during those months.
5) Damage in shippment: If the car is damaged in shipment, you can no longer sell it as perfect. Take it from me, I just sold a 2001 Corvette. The type of person who buys a $50,000 car doesn't even want a car that has had a scratch repaired on it let alone major damage.
If you ask me, you are taking this too lightly. The car market is fickle, and you are playing at the limit of success. Good luck, and do your homework.
Peace,
Al
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Drive it like you stole it!
And if you are afraid to brake it, don't race it!
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