Questions around the hidden costs and factors buying a used car - Ontario
#1
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Joined: Mar 2016
Location: SW Ontario
Posts: 474
Questions around the hidden costs and factors buying a used car - Ontario
Wonder if people can share any knowledge about some of the costs over and above the purchase price of a buying used car. Not had to much luck in my searching but have some rough ideas of the items. It appears a little overly complicated compared to the UK and AU.
Looking for some feedback and anything I may I missed or can be discounted.
Registration
Breakdown cover
License Plate - 1 off - which moves with you car to next car.
Vehicle Permit
License Plate Sticker
Drive Clean Vehicle Emissions
Taxes
Transferring Ownership
MTO Registration
RWC/Safety Certificate
Used Vehicle Information Pack - Selling
Used Vehicle Information Pack - Buyer ask to see
Bill of Sale
RACV/RAC/AA type vehicle inspection - 1 off
Looking for some feedback and anything I may I missed or can be discounted.
Registration
Breakdown cover
License Plate - 1 off - which moves with you car to next car.
Vehicle Permit
License Plate Sticker
Drive Clean Vehicle Emissions
Taxes
Transferring Ownership
MTO Registration
RWC/Safety Certificate
Used Vehicle Information Pack - Selling
Used Vehicle Information Pack - Buyer ask to see
Bill of Sale
RACV/RAC/AA type vehicle inspection - 1 off
#2
Banned
Joined: Apr 2009
Location: SW Ontario
Posts: 19,879
Re: Questions around the hidden costs and factors buying a used car - Ontario
Buying and Selling a Used Vehicle in Ontario Some of the costs are shown plus through the links.
https://www.ontario.ca/page/register...te-and-sticker
https://www.ontario.ca/page/drive-clean-test
https://www.ontario.ca/page/register...te-and-sticker
https://www.ontario.ca/page/drive-clean-test
Last edited by Siouxie; Oct 20th 2016 at 6:24 pm.
#3
BE Enthusiast
Thread Starter
Joined: Mar 2016
Location: SW Ontario
Posts: 474
Re: Questions around the hidden costs and factors buying a used car - Ontario
Thanks Siouxie for the links. I had already read them, but was looking to see if I had thought of everything.
#4
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Joined: Jan 2009
Location: Picton, ON
Posts: 194
Re: Questions around the hidden costs and factors buying a used car - Ontario
It really surprised me to find that 13% tax is added on to the price of a used car - it all seemed very odd, coming from a system where VAT is only levied once on a car (or other item).
#5
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Thread Starter
Joined: Mar 2016
Location: SW Ontario
Posts: 474
Re: Questions around the hidden costs and factors buying a used car - Ontario
I hear you, and it has to be paid every time you sell it. Someone is making a small fortune and kinda kills the second hand market.