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When you sell. When you sell your vehicle, you need to give the buyer: the Used Vehicle Information Package. a signed Bill of Sale with your name, the buyer’s name and address, the date and purchase price. a completed and signed Application for Transfer — this is found on the back of an ownership permit, under the vehicle portion.
Dec 18, 2023 · Contracts for sales of used motor vehicles (1) Before entering into a contract to sell a used motor vehicle to a purchaser who is not a registered motor vehicle dealer, a registered motor vehicle dealer shall ensure that the person providing financing for the purchase has provided to the purchaser the information that must be disclosed in any initial disclosure statement required under Section ...
File a claim for compensation. The Motor Vehicle Dealers Compensation Fund protects your deposits or payments up to $45,000, if a registered dealer fails to deliver on any part of the purchase or warranty. You can apply for compensation up to 2 years after the dealer refuses or is unable to return your payment. How to apply for compensation.
Once you buy the vehicle, you'll owe a 13% retail sales tax (RST) on the motor vehicle, regardless of whether you purchase from a private seller or a dealer. Beware of Curbsiders. Curbsiders, or the Canadian term for an unlicensed car salesman, are problematic throughout Ontario and the rest of Canada.
Tax on used cars. In Ontario, when purchasing a used car either privately or from a dealership, the person buying the vehicle will pay the sales tax when you register as the legal owner of the used car. The amount of tax you pay can be different though, according to Ontario.ca “In most cases, buyers pay 13% RST or HST in Ontario. The amount ...
How to register a car in Ontario. When you buy a used car, you will need to register it with ServiceOntario within six days of purchase. There you will be given a vehicle permit and license plate. To register a vehicle, you will need: The price of registering a vehicle for residents in Ontario is as follows.
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Sep 8, 2022 · Mileage – Make sure you know how far the car has been driven by previous owners. In Ontario, the average car is driven 16,000 km per year. You may want to determine the maximum mileage that is acceptable for you before shopping or consider asking the seller for a discount if the mileage is above the annual standard.
