Quote:
Originally Posted by Toppy986
I found here in Ontario the supply is low, when i found my 99 with just over 30k miles, the asking price was 20k, we settled on 18. Plus a fair number of tools throw in. Here in Ontario when purchasing a used car, there is a government form that needs to be purchased which shows the book value of the car you are buying. Sales tax of 13% is paid on either the purchase price or book value, which ever is greater at the time of transfer. The book value on the government form was $4500. I was shocked that the value was so low. It does make me worry that if insurance ever becomes involved there will be a fight on my hands. As a result of the book value, I renegotiated the selling price for the car and bought likely the most expensive used floor jack ever for $13,500.
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The supply in Ontario is not great! I was told that the price on the form was for the wholesale value of the car. I asked my agent about that, and was told that if totaled, the car would be valued at average replacement cost. My 2000 S with 62K was $6900 on the form. Desperate seller asking $15.5. Got him down to $12.5 after the PPI, and we split the cost of a control arm replacement and alignment for the safety inspection.
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