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I did this last year, also in Vancouver, and it was pretty straightforward. Flew up on miles, won $500 at the casino in the hotel where I stayed, and drove it home the next day. It helped quite a bit that the dealer from whom I was buying the car sold a lot of cars into the US. Might be worth a call to a Vancouver dealership to ask about process. With the exchange rate they sell quite a few cars to Americans.
Showed up and car was better than described. I had to pay for three days of Canadian insurance. I seem to recall that they needed a title check at the border. Border crossing was easy. They went through the car with a fine tooth comb. I was glad that previous owner didn't have surprises left in there. I too looked at picking up in Seattle but determined it was much easier to do it in person. I had to pay duty based on purchase price which was not exorbitant, maybe $400 on a $20k car. I also seem to recall that by doing this in person I had everything I needed to title the car without issue in Colorado.
I'll see if I can find my paperwork and let you know what I had to get across without issue.
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