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yoshi86 · 11-23-2011, 02:58 PM

I always see FT cars from Classified section, I am just wondering how does it work?

Say me and the OP agreed to trade our cars, my Accord to his Camry with no addition cash. So we both go to Autoplan, and pretend I am buying his car, and he is buying my car? then we both pay tax(HST?) for the car we are getting?

for the tax, if the car is worth $10k, and I say that I only paid $1k for it to lower the tax I am paying. later on if car got stolen, then ICBC will only pay me $1k right?

Sorry for the dumb questions

I am not too smart....

11-23-2011, 02:58 PM	#1
yoshi86 Ready to be Man handled by RS! Join Date: Mar 2005 Location: Vancouver Posts: 85 Thanked 52 Times in 10 Posts Failed 0 Times in 0 Posts	Question on Trading cars I always see FT cars from Classified section, I am just wondering how does it work? Say me and the OP agreed to trade our cars, my Accord to his Camry with no addition cash. So we both go to Autoplan, and pretend I am buying his car, and he is buying my car? then we both pay tax(HST?) for the car we are getting? for the tax, if the car is worth $10k, and I say that I only paid $1k for it to lower the tax I am paying. later on if car got stolen, then ICBC will only pay me $1k right? Sorry for the dumb questions I am not too smart....