Start up costs

[xSocialx]

Hey guys,

Can anyone give me a rough estimate as to how much it will cost to satisfy the goverment. (plates, stickers, sales taxes)

I have a sellers package that states that the car was purchased for $300.

Any help would be appreciated.

Thanks,

[Sal]

The ministry will charge the buyer tax of 8% on the wholesale value of the vehicle, it dont matter what the bill of sale says they will always go with the wholesale value.

-Safety $50 (if it passes with no problems)
-Emissions $48
-Plates and Stickers ($75+$60 if you live in the city of Toronto, if not then its just $75 for one year)
-Joys of buying a car PRICELESS

[Mad Cow]

The ministry will charge the buyer tax of 8% on the wholesale value of the vehicle, it dont matter what the bill of sale says they will always go with the wholesale value.

Not true, you don't even need a bill of sale, you just tell them what you bought it for and you pay 8% of what you said. If it's too low and seems suspicious then the government might send someone to appraise it and you'll have to pay tax for however much they say.

You'll also need to get a used vehicle report ($20) for no logical reason, you just need it. You also need insurance to get even temp plates, keep than in mind in case you didn't know.

[Flyer]

The ministry will charge the buyer tax of 8% on the wholesale value of the vehicle, it dont matter what the bill of sale says they will always go with the wholesale value.

Not true, you don't even need a bill of sale, you just tell them what you bought it for and you pay 8% of what you said. If it's too low and seems suspicious then the government might send someone to appraise it and you'll have to pay tax for however much they say.

You'll also need to get a used vehicle report ($20) for no logical reason, you just need it. You also need insurance to get even temp plates, keep than in mind in case you didn't know.

The wholesale price is listed on the Used Vehicle Information Package (UVIP), as well as the price that the vehicle was sold for. The PST is charged on the wholesale price or the written price, whichever is higher. Other information on the UVIP includes previous owners as well as if the vehicle has any liens on it. Does not really apply to older cars, but if you are buying a used vehicle from say, 2007, you ould want to know if the RepoDepo people are going to come and tow it away...

[Daninski]

Think of the used vehicle package as cheap insurance. It shows you that no liens exist so no Repo man will call. You can go to an appraiser and pay $25 bucks for an apprasal. I've done this and saved hundreds on sales tax on used cars I felt weren't worth what the wholesale price said.

[xSocialx]

Thanks for the quick response guys!

I really appreciate all the info, I think I'm looking at about $300 plus insurance before were ready to go. I just really want to make the meet by feb 8th

Mad Cow, you had said that I need insurance to get my plates. Is that all I need? Just insurance?

thanks again

[Mad Cow]

Thanks for the quick response guys!

I really appreciate all the info, I think I'm looking at about $300 plus insurance before were ready to go. I just really want to make the meet by feb 8th

Mad Cow, you had said that I need insurance to get my plates. Is that all I need? Just insurance?

thanks again

You need just insurance to get temp plates that last 10 days, then you need safety and etests done to get the permanent plate sticker. You can renew temp plates once for another 10 days, costs $15 I think.

And I don't know how it was when everyone else bought their cars, but when me and my friend went to register our cars (less than 2 weeks ago) we paid tax on the price we said we bought them for.

[Ryan]

When I bought my car I bought a $20 permit to drive it home without plates, then it sat motorless for about a month and by the time it was running again I had full time plates. All I needed was clean bill of sale and safety. It was $2 for plates, and I was off.

Whats wrong with all of you people?

Oh, right, you live in Ontario or the states. Ha.

[Mad Cow]

When I bought my car I bought a $20 permit to drive it home without plates, then it sat motorless for about a month and by the time it was running again I had full time plates. All I needed was clean bill of sale and safety. It was $2 for plates, and I was off.

Whats wrong with all of you people?

Oh, right, you live in Ontario or the states. Ha.

Yep, the Ontario ministry of transportation is just ridiculous, you have no idea how bad it is. In toronto you also have to pay $75 a year to renew your plates, and of course mandatory and strictly enforced e-test and safety tests. They're pretty much just making excuses to get every last possible penny out of you.

[Nd4SpdSe]

E-test is once every 2 years for any vehicle 5 years and older, safety is only when you first purchase the car.

[Ryan]

Here, if you "gift" the vehicle, as in give it to someone like a child, it doesn't need to be saftied. We never need e-tests.

My buddy has a 80's Dodge Colt. Its and absolute POS. The bumper fell onto the muffler and caught fire, so now its held up by yellow rope. The right rear strut fell off and onto the wheel, they just welded it back on. There is always water in the trunk. The tires are bald and leaking. I could put my foot though the rocker if I kicked it. The frame rails are rotten. The windshiled is shattered, the roof is bent, and the hood is bent. The headlights are crooked, the battery is shot, the clutch is absolutely shot, the brakes are shot... I could go on. The point is, this thing is still street legal and hasn't seen a safety since it was bought.

[chrome730]

why would u let him drive that car ryan seriously lol

[Ryan]

Because it doesn't quite drive at the moment . It stalls when in any gear but reverse. Its really strange, but I think its electrical. I just thinks is a testament to how rediculous the system is.

[mx3autozam]

Wow so much false information here

You need to geta Used Car Buyers Package which is $20
Safety is all different, depends on the shop. Its normally about $70 and $7 for the paper.
Etest is $36+taxes
Gotta pay Taxes on either the wholesale price or the price you bought it for. In order to qualify for that you and the buyer need to write up a bill of sale.

Plates are $20 and $74 for a sticker. If you need a temp its $20 for the plate and $15 for the Temp sticker.

And of course you need insurance to get plates weather its temp or perm it dn't matter Insuarnce is mandatory

I picked up a 323 and did some work to it to drive in the winter instea of the mx3 and I paid $200 for the acr and thats what the government taxed me on. so don't be syaing they go by wholesale. This was like last week as well.

[mx3autozam]

E-test is once every 2 years for any vehicle 5 years and older, safety is only when you first purchase the car.

Also if the car has not had a sticker renewel in over a year. They will ask for a Certification. happened to someone i know. I have also heard of insurance company asking for a saftey on a vehicle because it was over 15years old. But that would also depend on the company and the policy.