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My concern would be that even if it isn't imported for registration on the street, you still might have problems getting it through customs. I would see if you can contact an importer of vehicles for getting their opinion, my guess is that it would probably be more paperwork than it would be worth, even if you save a couple of hundred and aren't planning on registering it for the street. I'm not sure that the feds would see it as any different than trying to import a street legal one, and I imagine that there would be a 50/50 chance of it getting confiscated unless all of your ducks were in a row.
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