Quote:
Originally Posted by R1CED`
we're not talking about how to save 36% tax on fuel, or even suggesting how to save GST/PST on a used car that's already been taxed 2-3x over
let's talk purely car ownership
my shitbox worth 5k costs 1.8k to insure annually, a Performante worth 280k costs maybe only 3x that to insure
who do you think is footing most of that bill when a shop needs to import a 40k replacement bumper from Bologna Italy and paint it 4 coats?
the NDP is restoring some balance by slapping on a 13% premium
I will at least give OP credit for not beating around the bush, but to openly discuss this is in bad taste and a slap in the face to the common folks
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My Performante was $385k, my insurance will be around $7k with full discount and 20+ years accident free and no tickets. Deductible is around $4k. There's a lot of "mature" exotic car owners who have no accidents and excellent driving records who basically have to pay a premium to cover all the bad drivers.
And the ICBC financials are complex and there isn't a silver bullet for the massive loses. Exotics make up a small portion of cars insured and the big chunk of the loses at ICBC is due to bogus claims, payouts and inflated repair costs.
As for the OP original post, Alberta is a bad idea. Just pay the tax, I know it's a ton of money but in the long run you'll be better off.