Classic Car appraisal Ontario Canada ?

[YGspider]

hello folks , just wondering how many people had to pay this new fee on their car and how much ruffly you had to pay becuase aparently anything 25 years or older needs to be appraised..

I paid 2900 for my ride and it has very low Km's about 51,000 and has no rust but only a 3.8 v6 what might I have to pay?

 

[online170]

Thats true.

When you get an appraisal done, you pay the tax on the appraised value or the purchase price, whichever is higher. I dont think it applies to trades.

Appraisals are about $80 I think, give or take depending on whos doing it. For insurance purposes if you choose to get an appraisal done to cover fire and theft, check with the insurance company first, they wont accept all appraisers. They have an approved list.

 

[axisg]

Yeah, your vehicle is not covered under the used vehicle package they make you buy so you need to get it appraised so the license office knows how much GST to charge on the purchase.
What I did was get 2 appraisals done.

First one was $40 from the local paint shop right accross the street from the MTO office. I was straight up and told the appraiser that I needed a low value to save $$ at the MTO office. He listed the car with a value of $2500 and listed some suggested repairs ( paint, bodywork, tires, ect... ). 15 mins later I was back at the MTO office. Used my existing insurance policy number, Paid the tax on the transfer, and new plates + sticker


Once the car was plated I called Lant Insurance for their Silver Wheel Policy ( $90 year ). They sent an appraiser out a couple days later ( paid him $120 cash IIRC ). He gave the car a thorough appraisal complete with pics and all. He valued the car at $9k full replacement value and sent a copy back to Lant who approved the policy and sent me the slips about 10 days later.