Dreamland I guess.
Selling a Bike to dealership for Tax free trade in before selling privately
- Thread starter gixxer_flexx
- Start date
Actually, you can.
gixxer_flexx
Well-known member
No, at MTO you pay the higher between your declared price and their wholesale price, i think its RST or something. So unless their wholesale price is that low and i put my declared UNDER it, i wont be paying that much.
spaceboy
Well-known member
No wholesale price for bikes. I've bought and sold a few for "$100".
gixxer_flexx
Well-known member
Recently? Im pretty sure ive done it before with my first bike years ago, but now its just whatever is higher between the 2
spaceboy
Well-known member
Last week I got a great deal on an Aprilia for $100
The UVIP always shows zero under wholesale value.
gixxer_flexx
Well-known member
Last week I got a great deal on an Aprilia for $100
can someone confirm? i was under the impression there was a wholesale and a declared value..thats what MTO girl told me...
1000 people on here will confirm it. I've never paid more than a couple hundred for a bike. Lol
gixxer_flexx
Well-known member
This is news to me how can i confirm this? Would MTO tell me this?
M
mlc
Guest
gixxer_flexx
Well-known member
Paid "200" for my bike in February.
Red_Liner740
Well-known member
There should be an asterisk next to this.
Cars do come with a wholesale value when up to XX years old. For instance. A year ago 2005 RSX had a wholesale value, 2002 Civic SIR did not.
If a vehicle is old enough wholesale value goes to zero, now, this is where it gets tricky. If the MTO person is a total ***** they can and will demand an appraisal to be done on the vehicle if your submitted value is below what they deem as "reasonable"
They cant do this with bikes, but cars yes. I purchased a BMW 540 with a blown transmission for $1500 six or so years ago and she wanted me to pay tax on a "deemed" value of $10,000. I told her no, the car is a parts car due to a blown transmission. She then told me to get it appraised. Screw that noise. I never transferred the car into my name and just parted it out. See the idiocracy of the government? They wont take tax on $1500, which is a fair value, as they are ****ing greedy so they got the tax on ZERO!
Cars do come with a wholesale value when up to XX years old. For instance. A year ago 2005 RSX had a wholesale value, 2002 Civic SIR did not.
If a vehicle is old enough wholesale value goes to zero, now, this is where it gets tricky. If the MTO person is a total ***** they can and will demand an appraisal to be done on the vehicle if your submitted value is below what they deem as "reasonable"
They cant do this with bikes, but cars yes. I purchased a BMW 540 with a blown transmission for $1500 six or so years ago and she wanted me to pay tax on a "deemed" value of $10,000. I told her no, the car is a parts car due to a blown transmission. She then told me to get it appraised. Screw that noise. I never transferred the car into my name and just parted it out. See the idiocracy of the government? They wont take tax on $1500, which is a fair value, as they are ****ing greedy so they got the tax on ZERO!
