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^ Agreed. At the end of the day it's a risky game. Any sort of significant undervaluation will draw attention. In the case of a 10-year-old Mazda worth 7-8k? Maybe not. But on more expensive vehicles there are definitely people who monitor declared values (source: buddy of mine works for CRA). Personally I think it's retarded that the government can collect taxes on used items, especially through private sales. My best friend who is an avid cyclist has bought and sold used bicycles worth $5-7k and doesn't have to deal with tax stuff. My uncle has bought and sold used audio equipment worth more than some cars I owned, no issues there either. Whereas I pay the same amount for a car and get shafted on an item that has already had tax collected on it when the original owner purchased it new. I don't understand the difference. |
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When the HST was introduced, the amount of taxes became the same regardless of the source. When the HST was repealed, the government raised the PST rate on private sales to match the tax payed if purchased from a dealer. As for why, some have speculated that auto dealers lobbied for a level playing field. |
hope you got out of your gambling debt before buying a gas hog as a second vehicle |
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I actually recall an LS-swapped RX-8 on Craigslist with a Corvette engine with a 4-speed manual tranny almost a year ago. It actually wasn't even complete, and they were selling it because, you guessed it, they ran out of money to finish it up. A rebuilt/reman Renesis, all said and done, should cost you around CAN$6~7k. It's usually recommended to have an expert do it. It's easy to fuck up if you do it on your own. As for engine life, 100k km shouldn't be a problem if you take care of it. I am not going to pretend that Renesis doesn't have its problems. The early ones were injecting too little oil to meet emission goals, and that caused the apex seals to wear out. But there are some other factors that caused problems, like the absolute shit of early factory ignition coils that last 30k km before they start misfiring, and the older remans didn't have much of a QC in place. These problem were later addressed, but the damage is already done. |
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gambling debt? do you like following my posts just to fail me and make stupid comments you miserable goof haha. |
I failed you because it takes a minute to google 'rx8 epa' but I suppose you'd come back here asking us to convert that for you to l/100k but you already did one better and asked us about tax evasion LUL |
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As I said, first time buying used private sale. Didn't know theres taxes on private shit |
I get that you want the first-hand experience from an RX-8 owner. Hopefully, the info I gave you was helpful. Do a bit of reading on your own on rx8help.com if you truly want one, but feel free to ask me about something you want to know here or PM me. You can even ask at RX8Club, where there are people much more knowledgeable than me since I am more of a "keep it stock, maintain and enjoy it" kinda guy. I know 2 people on there that are in BC other than me, and one of them is a mod and he is a pretty nice and respectable dude. And yes, there are taxes on private vehicle sales. I have done 3 private transactions already, the purchase and sale of my beater 5-speed Corolla, plus the RX-8 I own now. In all cases, there are purchase taxes. It's stupid, but them is the law and there is nothing you can do about it. Quote:
One thing to note, the tach actually just tells you the RPM of the eccentric shaft(equivalent of crankshafts in piston engines), which, with some internal gearings in the engine, is actually spinning 3 times as fast as the rotors, so 3k RPM from the eccentric shaft is actually about 1k RPM from the rotors themselves. Not very fast at all that way. |
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