Is there a way around the 25-year import law?

A motor vehicle that is at least 25 years old can be lawfully imported into the U.S. without regard to whether it complies with all applicable DOT Federal Motor Vehicle Safety Standards (FMVSS). Such a vehicle would be entered under Box 1 on the HS-7 Declaration form to be given to Customs at the time of importation.

Why can you only import 25-year old cars?

The 25-Year Import Rule This also meant that any car that was 24 years or younger was illegal to import to the United States. This allowed car collectors to keep the old cars they had and continue importing if they desired. As tastes shifted, 25 years become too long to wait to keep car enthusiasts happy.

Why do Japanese cars have to be 25 years old to import?

It essentially bans the personal import of any foreign vehicle not intended for the American market. The 25-year rule represented a compromise: collectors could still have their cars, but the average American was going to need to buy something the government and manufacturers could assure was safe for American roads.

Why do imported cars have to be 25 years old?

What is a GREY market car?

A vehicle that is manufactured outside of the United States and is not originally built to meet U.S. safety and emissions standards is called a Grey Market vehicle. The vehicle may need to be modified after it is imported.

Is there a 25 year rule in Canada?

Then, in 1998, the National Highway Traffic Safety Administration issued the 25 Year Rule. This allowed vehicles older than 25 years to be admitted into the country because they are “collectible” – which in this instance is just another word for obsolete.

Can I afford a car India?

There is a thumb rule of not spending more than half of your annual household salary on the car. An individual earning Rs 10 lakh a year should at best buy a car worth Rs 5 lakh. Keep your car payment to 10\% of your salary, including EMIs and insurance expenses. Longer the loan term, greater the interest you pay.