[W126 Coupe] Japan/Canadian 560 Import
Mike Ramay
mramay at att.biz
Tue Oct 16 22:28:21 EDT 2007
Very cool idea! It sounds like a good way to keep the liability away.
Later,
Mike R.
_____
From: mbcoupes-bounces at mbcoupes.com [mailto:mbcoupes-bounces at mbcoupes.com]
On Behalf Of Attila Makranczy
Sent: Tuesday, October 16, 2007 7:24 PM
To: Mercedes Coupes Mailing Lists
Subject: Re: [W126 Coupe] Japan/Canadian 560 Import
The way to avoid losing everything is to put the car in a personal
trust. BTW, you can do this with any asset (houses go into a
land trust) and all you will lose is that item, not the ranch. In many
instances, bankruptcy can wipe out a lawsuit for 'assets' as well.
Mike Ramay <mramay at att.biz> wrote:
One MAJOR problem I can see coming up here. You can get easily the car into
the U.S. and likely get it registered somewhere without going through a
Registered Importer to get the DOT and EPA releases. Here's your problem -
you have a high dollar car with a non-U.S. VIN number.
If you get involved in an accident (anybody's fault) and their insurance
company is smart enough to call DOT to verify the status of your car, you
just became the cause of the accident whether you caused it or not (would
not have been an accident had your illegal car not been on the road) and
your insurance WILL be canceled immediately and retroactively. A friend in
the DOT office say's they get several calls a day on exactly this.
Feel like betting your future and any/all assets you own?
Later,
Mike R.
_____
From: mbcoupes-bounces at mbcoupes.com [mailto:mbcoupes-bounces at mbcoupes.com]
On Behalf Of Franco
Sent: Monday, October 15, 2007 1:43 PM
To: mbcoupes at mbcoupes.com
Subject: Re: [W126 Coupe] Japan/Canadian 560 Import
Okay got one more Q?
Can it be driven into the US? Or do they check at the border?
Ciao, Franco
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