Many of you are asking yourself why? There’s plenty of great used gear here in the good old US of A.
While it is true, we have a lot of great gear here, why limit yourself to just gear from America, or even N America? Due to global economies, and the different tastes or what’s hot here vs another country and especially timing, there are great deals to be had in other countries, especially Europe.
Much of what is priced right is not maintained well and therefore still not a great deal. This is in no way meant to offend our US based production companies, however there seems to be a trend in increased inquiries for and the satisfaction for the gear that comes from our European allies. And it’s all good!! We live in a global economy where many factors can influence the valuation of currencies. I’m not going to get into economics or politics, though we must all realize that these influencers are out there and need our attention. Five years ago to purchase a Euro with US dollars it would cost you about $1.43. Today it’s around $1.06. That’s a huge difference and that $0.37 means you have much more buying power because you are paying with US Dollars. Take advantage of this. Don’t let the word “import” or the idea of moving product internationally scare you. In fact, our team at GearSource and GearSource Europe are experts and will take the effort out of this process.
IMPORTING COSTS AND PAPERWORK:
Yes there are added costs associated with importing, and mounds of extra paperwork to ship internationally and get items through customs. DON’T worry about it. Our logistics people take care of this for you. We have large international freight forwarding companies to make sure that your gear is delivered and handled properly. How much would you normally pay for sales tax in your state for gear you purchase? Maybe 7%, or as high as 9.5% in some states. Duties on used production equipment purchased and imported are taxed at 4.5% – 6%. Not bad huh? In fact, some North American-made gear being sold and imported back to the US, is completely free of duty or import tax. Customs clearance is usually a flat fee of $125-$175. As you can see these costs aren’t astronomical. The cost of shipping isn’t bad either.
Sometimes we get better rates for air transport than ocean. If you plan properly (use the 7P Principal – Prior Proper Planning Prevents Piss Poor Performance ) than you will have ample time to choose the right method of transportation to get you your gear in a timely fashion and at a great cost.
Over the years we have seen a more aggressive approach by European companies to rotate and sell their gear sooner and at more marketable prices. They have very high standards of maintenance, thus you are buying a quality product. You may have to change out plugs on your gear, however at the cost savings you’re seeing, who cares. These days most equipment is manufactured with universal power supplies. Just be careful of older equipment that might not. Your purchasing power has increase by about 33%; the costs are not excruciating; take advantage of a good situation and let’s show Europe that we know how to import like they do!! They’ve been doing this for a long time. It’s your turn to get into the game.
For more information, contact our resident Guru on European imports, Steve Smith, or any of our business development experts at GearSource!