^ FUCK

Haha can’t wait for all those $99,999 car sales

E30 m3 for sale
$99,888

So rucky

Yeah. The feds knew there were loop holes being exploited and apparently closed some.

Smh. 2022 gonna be tough for me.

^ you I mean I cant buy an McLaren for $49,999 and get a $675,000 warranty for the car?

=P

There are dumbasses that think they can pull that off…. Like geez. That’s how a loop hole gets ruined.

The car tax thing is stupid, it’s a publicity stunt for all the mouth breathers “Yah! We nailed that guy who bought his Ferrari!” but it’s totally the wrong tree to be barking up and smallass potatoes when the major banks and other corps are netting tens of billions a year and paying negligible taxes.

Lobbying is a hell of a drug

At least that guy with the Ferrari is buying shit too, and contributing to the economy.
Tofu gets his commission, comes in for brunch, I use that money at a local brewery, etc.
Maybe they should be taxing Morneau on his French Villa he “forgot about”

Any source for the tax to apply to used cars as well? All sites indicate it will only apply to new vehicles

do you at least get one physical valet backup key? insanity having to resort to importing RHD from overseas

So euro delivery will actually save you money now.

What’s the best way to maximize my equity from an expiring lease?
- lease a new car at the same dealership?
- buyout the lease and resell privately?
- other?

The X5 residual is about $40k ending Summer 2022. Black book trade in value is right now about $45k and private sale is $52k.

We are looking for similar SUV. Possibly move to a Model Y.

Are you sure you want to bother with private sale? I've noticed that ppl who have $15000+ plus to spend on a car is slim. Most are low ballers who want to trade you their Honda civic or 300c. And those that have that much cash don't want to buy your used car cash. :okay:

Even taking into account freight cost? Shipping container costs and CBSA inspection fee is fucked.


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The most fucked up part about luxury tax in general is buy ANY sort of decently nice vehicle, luxury tax. A basic XLT F150 is in luxury tax for fuck sakes. Should be 12% under 99,999...

i'm interested in this as i'll be in a similar boat in ~2 years.

do you have to lease it at the same dealership? i was told i technically can go to any dealer/manufacturer if i want, but i assume the original may have more incentive to work with you.

does it also have to be a lease on a new car again? can you go the finance route if you're thinking of buying (i.e. an EV)

don't mean to hijack, but figure i'd add to the question.

The middle class killing the middle class. What people who wanted this don't understand is that it's the middle class buying these cars. That millionaire/multi-millionaire? They are far closer to the homeless end of the spectrum than the billionaires of the world.

TIL: Everyone on RS is close to homelessness.

Source: word of mouth from my leasing department head as the Feds are talking to us on how they want to implement it.

The feds are truly stupid. the truly rich or 1% will just buy them elsewhere in the world because they have other places to live at as well.

the people that get truly screwed are the middle class folk that somehow is related to that sector of cars. (sales, aftersales, insurance, aftermarket etc)

Also, with less purchases of these cars.... means less tax revenue. when BC implemented the current taxes, lots of dealers had less sales and hence... less taxes collected.

These folks running the show here in our country are totally ass backwards.

Would be very surprised if the new tax applies to used cars. There's been 0 indication of that happening. Guess we'll find out in 2 months

This will work really well then. Every new car comes in and ends up as a demo. Sold CPO for 20% markup so dealer gets all the money and government doesn’t. Consumer pays premium anyways. Perfect.

Not sure that works as the dealer would be on the hook for the taxes instead? They need to register the car in order to use as demo?

Honestly I’m not sure, but I do know those with dealers licenses don’t pay tax on used cars, so I wouldn’t be surprised either way.
Taxes are for the poors like us.