Qrp vs tourist for vehicles.
Hello.
I'm inquiring about whether I can bring my 100 series landcruiser down as a tourist looking to relocate and not pay a crazy amount of import duties vs spending funds on a new to me vehicle and using the qrp.
I've done a fair amount of research but cannot seem to find out what the import fee would be on a 27 year old vehicle. I've read online that it can be up to 70% of the value. I'd be okay with that if were valued it at $1000 usd. Is there a matrix on how the value of an older vehicle would be taxed at? I've also read online that the cruiser would be valued at $20k usd. $15-18k seems ridiculous as an import fee.
We have 2 cars and will be either selling them both to purchase a new to us truck or bringing the LC down.
Thanks for any insight shared.