AUTOMOBILE/TRUCK/MOTORCYCLE/ SCOOTER/ATV EVALUATIONS
Description
No More $1 Car Sales At The SAAQ. Mandatory Revenu Quebec Evaluations!
The Société de l'assurance automobile du Québec, or SAAQ, has changed their regulations concerning the payment of QST on the sale of vehicles. It will no longer agree to calculate provincial tax on vehicle sales of $1, even in the case where both the seller and the buyer agree that $1 was the transaction price. As of about a week ago, the minimum sale price of a vehicle for calculating the QST is now set at $500.
It Gets Worse
For certain vehicles between the ages of 9-25 years that are too old to appear in the SAAQ's evaluation book, you need to have this vehicle evaluated by Revenu Quebec in order for the SAAQ to calculate how much TVQ is owed in the event of a private sale.
MontrealRacing member mathieulsutton posted what we would consider a horror story about the new rule. Here is a copy of his post on the forum but briefly he says he went to buy a $1,000 vehicle for parts because the Nissan Murano he had bought three weeks earlier blew its engine. The SAAQ sent him to a Revenu Quebec office downtown where he waited an hour and a half to be told his car was worth $4,000. He had to pay $400 in provincial sales taxes on this amount or he could contest and pay $150 to have it re-evaluated. At this point, he had to return to the SAAQ and finish the transaction.
It seems that the SAAQ and Revenu Quebec donât understand that many vehicles this age are not in full working condition and are worth less than the âbookâ value. They expect a person to pay $150 to have an evaluation done on a vehicle worth $1,000 in order to avoid paying the full TVQ. Oh and prepare to waste half your day doing so...
Read the full article on MontrealRacing.com
This document must be done before you go to your local SAAQ in order to save on the sales tax immediately.
SAAQ Devaluation
Did you know that when you transfer a vehicle at the Socitété de lâAssurance Automobile du Québec (SAAQ), you will be charged the provincial sales tax on the value of the vehicle according to the price list establish by the Guide Hebdo?
⢠When transferring an accidented or not repaired vehicle
⢠Reconstructed vehicle bearing the VGA status (vehicle gravely accidented)
⢠Higher than average mileage/kilometers
⢠Condition of the vehicle i.e. rust, advanced wear, major mechanical problem
⢠Vehicle to be restored
⢠All vehicles over 25 years old (mandatory evaluation required by the SAAQ)
.
Did you know that you could save on the sales tax to be paid at the SAAQ when transferring certain vehicles, motorcycles, snowmobiles, etc?
This document must be done before you go to your local SAAQ in order to save on the sales tax immediately.
We are recommended by the SAAQ to devaluate a vehicle and our form meets their requirements.
The pre-purchase inspection
Having the vehicle inspected prior to the sale is the most effective way of making sure you wonât get stuck with a lemon or pay too much for a vehicle that needs a lot of maintenance. A complete vehicle inspection includes a visual inspection of the body and chassis to spot collision damage. A thorough inspection takes from about 45 minutes to two hours depending on the condition of the vehicle. A more complicated vehicle with lots of accessories, or a vehicle in uneven or poor condition, requires more time. Vans can take longer because the engine bay is crowded. A thorough inspection should include a road test and a written report should be provided.
WE ARE FULLY LICENSED S.A.A.Q. QUEBEC MOTOR VEHICLE DEALERS AND CAN OFFICIALLY EVALUATE YOU MOTOR VEHICLE FOR REGISTRATION THRU THE S.A.A.Q. ***FEEL FREE TO CALL FOR MORE INFO AT (514) 945-1111 *** No More $1 Car Sales At The SAAQ. Mandatory Revenu Quebec Evaluations! The Société de l'assurance automobile du Québec, or SAAQ, has changed their regulations concerning the payment of QST on the sale of vehicles. It will no longer agree to calculate provincial tax on vehicle sales of $1, even in the case where both the seller and the buyer agree that $1 was the transaction price. As of about a week ago, the minimum sale price of a vehicle for calculating the QST is now set at $500. It Gets Worse For certain vehicles between the ages of 9-25 years that are too old to appear in the SAAQ's evaluation book, you need to have this vehicle evaluated by Revenu Quebec in order for the SAAQ to calculate how much TVQ is owed in the event of a private sale. MontrealRacing member mathieulsutton posted what we would consider a horror story about the new rule. Here is a copy of his post on the forum but briefly he says he went to buy a $1,000 vehicle for parts because the Nissan Murano he had bought three weeks earlier blew its engine. The SAAQ sent him to a Revenu Quebec office downtown where he waited an hour and a half to be told his car was worth $4,000. He had to pay $400 in provincial sales taxes on this amount or he could contest and pay $150 to have it re-evaluated. At this point, he had to return to the SAAQ and finish the transaction. It seems that the SAAQ and Revenu Quebec donât understand that many vehicles this age are not in full working condition and are worth less than the âbookâ value. They expect a person to pay $150 to have an evaluation done on a vehicle worth $1,000 in order to avoid paying the full TVQ. Oh and prepare to waste half your day doing so... This document must be done before you go to your local SAAQ in order to save on the sales tax immediately.
SAAQ Devaluation Did you know that when you transfer a vehicle at the Socitété de lâAssurance Automobile du Québec (SAAQ), you will be charged the provincial sales tax on the value of the vehicle according to the price list establish by the Guide Hebdo? Did you know that you could save on the sales tax to be paid at the SAAQ when transferring certain vehicles, motorcycles, snowmobiles, etc? This document must be done before you go to your local SAAQ in order to save on the sales tax immediately. We are ACCEPTED by the SAAQ to devaluate a vehicle and our form meets their requirements. The pre-purchase inspection Having the vehicle inspected prior to the sale is the most effective way of making sure you wonât get stuck with a lemon or pay too much for a vehicle that needs a lot of maintenance. A complete vehicle inspection includes a visual inspection of the body and chassis to spot collision damage. A thorough inspection takes from about 45 minutes to two hours depending on the condition of the vehicle. A more complicated vehicle with lots of accessories, or a vehicle in uneven or poor condition, requires more time. Vans can take longer because the engine bay is crowded. A thorough inspection should include a road test and a written report should be provided. ****FOR ALL QUESTIONS AND INFO CALL (514) 945-1111 PHONE CALLS ONLY (WE DO NOT RESPOND TO TEXT OR E MAILS FOR SECURITY REASONS )**** ********FOR ALL QUESTIONS AND INFO CALL (514) 945-1111 PHONE CALLS ONLY***
community | other
2023-08-14