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Is it worth buying cars from the U.S.?

Is it worth buying cars from the U.S.?

The market for used foreign cars has undergone significant changes since last year. After the customs exemption was abolished (the well-known saga of “Euro-plated” cars), Ukrainian citizens imported more than 41,200 cars from abroad. Of these, more than half (51.5%) of the passenger cars were from the United States. Simplified logistics and the establishment of delivery channels for North American cars through European ports played a key role.

Pros and Cons of Buying a Car from the U.S.

Products of the American automotive industry meet the criteria for high-quality cars offered at reasonable prices. Let’s examine how beneficial it is to order a car from the U.S., explore the advantages of this type of investment in personal transportation, and identify the pitfalls of such a purchase.

Cost Advantage

Experts note that the zero customs duty on European cars has ended, and the current tax rates on importing cars from abroad, combined with currency fluctuations, make purchasing cars from Europe an unprofitable investment. Prices for passenger cars in Europe are also creeping upward, so the final purchase price ends up being high.

You can pay 30–50% less for an American car than for its European counterpart. There are several reasons for this:

  1. Cars from the U.S. are much cheaper to begin with.
  2. In the U.S., it’s advantageous to write off cars with insurers (after a breakdown or a minor accident). Insurance companies then sell them at a low price.
  3. Americans are accustomed to buying new cars. The U.S. car market is oversaturated, so used cars are readily exported to other countries.

By the next decade, the U.S. auto industry plans to gradually phase out internal combustion engine vehicles in favor of electric cars and self-driving models.

Low Mileage

The average annual mileage for North American cars is up to 20,000 km. Moreover, Americans rarely drive long distances; it is customary in the country to travel by plane. At the same time, families rarely have fewer than two cars.

Mileage is not tampered with. In the U.S., this is a criminal offense, and as of January 1, 2021, the penalties have been made stricter.

High-Quality Road Surfaces

Americans take good care of their road surfaces. Roads are mostly smooth, and gasoline and other fuels are of excellent quality. Consequently, cars last longer. Most Americans have a relaxed driving style, which also helps keep cars in good condition.

Comprehensive Features

Car owners prefer automatic transmissions, and the cars are equipped with air conditioning and climate control systems. Americans like their cars to come with an “all-inclusive” package, unlike thrifty Europeans. And the design of the American version is always more sweeping, free-flowing, and features incredible lines.

Transparent History

Cars from the U.S. are renowned for their transparent history. You’ll have access to accurate information about maintenance records, any involvement in traffic accidents or serious crashes, previous owners, and the exact mileage. Unfortunately, in CIS countries, it’s nearly impossible to obtain such information, given how skillfully the “experts” in the used car market operate.

Drawbacks of the Purchase

If you want to buy a specific car from the U.S., you need to understand that shipping can take a couple of months. If you’re buying a car with mechanical issues or certain defects, it may take a month or two to get it back into working condition. At the same time, participating in auctions on your own, trying to figure everything out in detail, and sifting through a huge number of options will further increase the wait time.

Don’t forget about insurance costs. The car may go through several stages of transportation, including shipping, unloading, and loading at various ports, so it must be insured.

If you want to buy a car from the U.S. more quickly, you can look at models that have already been imported and customized. However, purchasing such a car will cost more, and the configuration may be far from what you want.

The desire to save money on a major purchase is completely understandable in these challenging times, but to buy the car of your dreams, you’ll need to be patient and wait a while. By turning to the experts at Bex Auto, you’ll save yourself stress and energy—and you’re sure to find the car that’s “just right” for you.

Interested in a car like this? We will select and deliver it to your request: a car from the USA turnkey, car selection service.

FAQ

FAQ

We understand your concerns and strive to provide you with the utmost comfort and confidence in the car buying process. For your peace of mind, we provide the following guarantees and measures. Our managers conduct over 8 steps of a thorough vehicle inspection. This includes a video report prior to purchase. This will allow you to find out whether the car was a party to an accident, the number of owners, its service history, the reliability of the seller, etc. All data about the car is provided to the client and, only after its approval, the manager proceeds to the bidding process.

For you, we are ready to make buying a car abroad easy and reliable. We offer you a full range of services, including car selection, paperwork, transportation and customs clearance. Choose the best among new and used cars with our help. We can also help you to restore and repair the imported car.

You save an average of $5,000 or more. Exclusive models and configurations. Transparent history of car operation. With our help you get the car of your dreams in the shortest possible time and with maximum benefit.

We conclude a contract with you, in which all the terms, conditions, deadlines, milestones and payments are spelled out. After signing the contract, the conditions do not change. We inform you about each stage of transportation of your car, provide video reports. All payments are made in stages and sent to the settlement account specified in the contract.

After finding your wishes, the manager sends you several options for the car you applied for in messengers. Before starting cooperation, we sign an agreement with you on the selection of a car and ask you to make a reverse advance payment in national currency equivalent to $ 500. After clarifying and checking the car chosen by the client, we reserve it and buy it in Korea.
After signing the contract for the selection of a car, our company asks you to make a refundable advance payment of $500, which is returned in full before the car is booked. Why is it needed? The Korean market is in great demand not only in Ukraine, but also throughout the world. The best cars are very quickly "taken apart" from sites and auctions. An advance payment is necessary in order to book a car in a timely manner and get the best offer.
For now, Ukrainian ports do not accept cargo, so all our clients' vehicles arrive at the port of Constantia (Romania). Bypassing delays in queues at the border, your vehicle will arrive quickly and without delays.
Car delivery consists of the following components: preparation of export documents and booking a place on a ship (from 2 weeks), land transportation of the car across Korea to the port of departure (up to 3 days), transportation by sea to a European port (from 60 days), delivery from a European port to Ukraine (up to 10 days). In total, delivery takes from 2.5 months.
Yes, it is possible. For example, OTP Bank is ready to provide a loan for the purchase of a car even to clients without official employment - an amount of up to UAH 300,000 can be approved without a certificate of income. The bank considers alternative sources of income and the borrower's credit history. In other cases, if you have an official salary card (especially in PrivatBank), you often do not need to confirm your income - the bank already sees the receipt. In any case, Bex Auto will help you collect the optimal package of documents or get by with a minimum number of them.
As a rule, the decision is made very quickly. Our partners have made the process as efficient as possible: PrivatBank pre-approves the loan a few minutes after submitting the application - you will find out the result almost instantly. OTP Bank in most cases issues the final decision and transfers the money within one day. In general, buying a car on credit through Bex Auto usually takes 1-2 days, including choosing a car, submitting an application and signing the contract.
The conditions vary depending on the bank and the program. OTP Bank does not have a CASCO requirement at all - you save on insurance, the bank does not oblige to insure the collateral, since the loan is actually unsecured. At PrivatBank, CASCO is required as standard for new cars, but with a down payment of 20-30%, insurance is not a mandatory condition (although the bank itself advises to insure the car voluntarily). Oschadbank always requires full CASCO, since it lends new cars with collateral. Thus, the presence of mandatory CASCO depends on the selected program: if you want to avoid insurance costs, consider options with a high down payment or a loan from OTP Bank.
Yes, you can repay your car loan early at any time without any penalties. All Bex Auto partner banks – OTP, Privat and Oschad – do not charge fees for early repayment. If you have the opportunity to repay the remaining loan early (partially or in full), do so without hesitation: the overpayment will be transferred only for the actual term of use of the borrowed funds. No penalties or hidden conditions – you save on interest by repaying the debt early.
Yes, of course. Bex Auto helps you buy a used car on credit as successfully as a new one. In particular, our partner OTP Bank specializes in used car loans - there are no restrictions on the brand, year of manufacture or mileage of the car. Moreover, no collateral or CASCO is required for such transactions, which distinguishes OTP's offer from classic car loans. You can choose a car at a car lot, a car dealership or even from a private seller - the bank will give you money to buy it. We also accompany the execution of the purchase and sale transaction and registration of the car in your name. If you want to import a car from abroad, we will offer a special program for a grace period (the first months without interest) - this allows you to calmly wait for your car and not pay extra.
The South Korean market is very full of diesel cars. The most popular cars among our clients are: Hyundai Tucson, Hyundai Santa Fe, Renaut (Samsung) Koleos (QM6), Hyundai Palisade, KIA Carnival, KIA Sorento, BMW 5-Series, Mercedes-Benz GLE, Audi A6, Audi Q7, Volvo XC60, Volvo XC90. Our manager will select the best car option for you according to your wishes.
The most popular electric cars from Korea among our clients are: Hyundai Ioniq 5, KIA EV6, Hyundai Kona, KIA Niro, Hyundai Ioniq 6, KIA EV9, Chevrolet Bolt. Also, the Korean sites are full of imported cars, such as Mercedes EQC, BMW IX, Audi E-Tron, Tesla Model S and others. The biggest advantage of electric cars from Korea is that the charging ports are identical to European ones, so you can quickly charge the car in any situation without any adapters.
Yes, indeed, official dealers have a wide range of Korean cars on the Ukrainian market, but they differ from Korean ones. For example, in Korea, the trim levels are very "rich". For the price that you will buy the maximum trim level from the official dealers, in Korea it will be the basic one. And the fact that in the Korean top trim level it is impossible to even imagine... Engine modifications, for example, Hyundai Tucson in Ukraine is offered only with a 2.0 l petrol engine, or a 1.6 l hybrid, where in Korea you can choose: 1.6 turbo petrol, 2.0 diesel, 1.6 hybrid. Also in Korea, there are many cars that have factory LPG, which is very economical to operate.

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