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Old 06-11-2014, 11:49 AM   #628
meme405
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Quote:
Originally Posted by hchang View Post
So in a fair world, our insurance should go down since ICBC is making extra income now.... But nope.
What?

The processing fee is just the fee charged to unregistered vehicles. It represents the costs associated with them having to track down who it was who crossed the bridge, bill them for it, and actually try and retrieve the money from that person.

The only relation to ICBC exists because it costs treo money to get the information of the vehicle from ICBC. The reason it costs ICBC money to get this information is because they have to pay someone to fish it out of the system and forward it to treo.

Its not like ICBC makes money off this system, or atleast they aren't supposed to be.

The idea is that the tolls are supposed to go towards funding the expenses incurred from the project, and to provide funds for other infrastructure improvements.

The idea of the toll was never to subsidize our insurance premiums...

Spoiler!
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