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Buying a used rig overseas and shipping it to the U.S.


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#1 Josh Pickering

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Posted 18 February 2015 - 03:15 PM

Let's say I purchase a rig from the marketplace and rig is located in UK or Europe. Shipping to Texas. Are there taxes I would have to pay shipping it back? Any paperwork to be done for both countries? Just wondering what people have done on this forum when buying.
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#2 Josh Pickering

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Posted 18 February 2015 - 06:06 PM

And also, what is the process one would go about to see the item in person before purchase?


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#3 Janice Arthur

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Posted 20 February 2015 - 02:32 PM

Josh

1) is their system compatible with usa system?
2) ask every question u can think of
3) get lots of pictures
4) decide if overseas purchase is worth it? Is it 5k or 20k?
5) whats a plane ticket cost? If it was $800-1000 I'd buy a ticket go check out every possible thing with the rig, try it on; see it work; and fly home with it.
6) do I have a test out period say 3 days after I arrive home?
7) can I return it then and you'll be home?
8) Whats the shipping from oversea? Is it worth it?
9) get insurance before its shipped.
Insurance from the shippers is limited and expensive so get basic serial numbers and have to insured before its shipped on a plane or with fed ex
10) spell out the details as you consider buying and get the seller to agree. Don't assume.
Treat this as a business not fun and assumptions
Good luck

Janice
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#4 Victor Lazaro

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Posted 20 February 2015 - 02:56 PM

What about having the rig sent to the manufacturer and give it an overhaul checkup/cleaning and have them operate as a man in the middle for the transaction?
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#5 Janice Arthur

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Posted 20 February 2015 - 03:05 PM

Victor

That's great but what if manufacturer won't do it ? Ask

Does buyer/seller want to pay for "overhaul"/"checkout"? That also assumes buyer/seller paying for shipping to get it to the manufacturer? Seldom do they want to is my thought. Now rig is in a third city and its got to get shipped further to the buyer. All good up to the point that it gets more expensive and its always the question of how much is the risk?

It's all about how anxious seller is to sell and how much they'll compromise to get it sold

It's a basic question of how much do I have to give to get this item sold?

Janice
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#6 Colin Donahue

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Posted 20 February 2015 - 03:28 PM

Josh,

I sold my old rig last year to an op in Isreal. It turned out to be a giant pain. If you are shipping anything with a value over $2500 (approximately), the IRS wants to know about it to get their share of the taxes .

Even if you are not selling it, but returning it or shipping it for repair, and you list the value over this amount, there are a bunch of government forms to fill out. I had to go to the  main UPS shipping facility four times because no one knew how the paper work was supposed to be filled out. The easiest way is to pay a professional import/export company to do this for you. The last time I used one of these companies, they charged me about $350. That was 20 years ago, so no idea what the costs are now. I am not saying you should not make this purchase, but you might want to check with Fed Ex and UPS the types of forms needed for a return shipment.

 

Colin Donahue


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#7 Janice Arthur

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Posted 20 February 2015 - 05:08 PM

Hi josh

I want nothing to do with illegal but if you are privately insuring it some of the steps may be easier
Shipping companies are much more cautious about items these days esp those w a higher $ value


Also remember to always check and disclose any items you are carrying on aircraft or shipping.

Common sense but nothing is worth the issue to do anything but truthfulness in the world today
A bit of money is not an excuse.

Janice
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#8 Josh Pickering

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Posted 02 March 2015 - 06:50 PM

Thanks everybody for the feedback. This is very valuable to me as I'm looking to buy used.


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