Purchasing Out of Province Vehicle (ONTARIO)
Hey guys I need some help.
I have a family friend who is moving out of the country shortly and is considering selling his 1 year old car (with less than 6000 kms on it). It is that low because not too long after his purchase he moved back to Asia to work and just left the car in Toronto. Now he's coming back to sell his stuff hence my interest.
What exactly is the process of getting that car transferred from his name to my name? Would I need to first get an Ontario plate, drive/ship it to Vancouver, then get it inspected/plated here, or get the plating done first then bring it over to Ontario? Also, would I have to pay the PST/luxury tax, but is it based on the price I paid or the brand new value? Also, how would HST factor into this? This car is above $30,000 in value and is purchased from a local dealership.
The most related I have done that is related to this is a transfer from my mother to me (gift), so I am absolutely clueless on this and Google was only marginally helpful. Tried searching here but the threads were not recent so I would like to see if there are any new things to consider. I can deal with the car dealership stuff once the dealer stuff is settled.
Thanks!
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