Am I crazy or is this the worst time ever to buy a vehicle?

[ianmcc]

Bought in June on BAT. Now flipping it on Kijiji.
Even re-using all the BAT photos.

https://bringatrailer.com/listing/19...volution-ii-8/

[90_Shelby]

So you guys are telling me i shouldn’t have $400k worth of HELOC’d cars?

The old Beyond always said, “HELOC that shit”, so I figured more HELOC was better. How do you get more HELOC, more rental properties and now I’ve also learned rental properties are the worst asset class!

Well this is awkward, selling everything and leasing a Ridgeline. PM me for car and rental property opportunities.

[killramos]

What are you a student or something?

[Tik-Tok]

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Bought in June on BAT. Now flipping it on Kijiji.
Even re-using all the BAT photos.

https://bringatrailer.com/listing/19...volution-ii-8/

Aren't BAT prices all in USD? Not much of a flip if he even gets asking price.

[Darkane]

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Aren't BAT prices all in USD? Not much of a flip if he even gets asking price.

I’d also think the NAFTA tax of 6.1% would additionally offset profits.

But if he makes 35k, it’s worth the risk.

[BavarianBeast]

https://ca.news.yahoo.com/canada-imp...210000704.html

Wow, brutal. They are going to apply the tax retroactively to cars purchased after Jan 1, 2022. I know lots of people who bought recently thinking they dodged it, ouch.

[Buster]

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https://ca.news.yahoo.com/canada-imp...210000704.html

Wow, brutal. They are going to apply the tax retroactively to cars purchased after Jan 1, 2022. I know lots of people who bought recently thinking they dodged it, ouch.

If you are buying a private jet or a yacht, you have enough money to be offshore.

[ExtraSlow]

I don't know why they don't make it retroactive even further. 1990 or so seems fine.

[max_boost]

Wow that is lame

[Buster]

Canada gonna Canada

[Jlude]

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i know, i know.. not really what this thread is about..

but.. shiiiiiiiit.,
https://www.kijiji.ca/v-cars-trucks/...7-41fe762242e4

Maybe I'm out of touch, but who cruises Kijiji looking for 500k cars?

[mr2mike]

Didn't think of this but commercial jets will just pass the tax onto the customers.

[max_boost]

Will see how this goes down. Retroactive Jan 1 and Bdo said 2018 model years and on so will see if that holds.

This will hit the budget ballers the hardest

[npham]

From what I've read, as long as you've registered your vehicle by September 1 you're good. But those who placed orders and haven't received their plane, boat, or car are screwed. I don't see how they plan on retroactively applying a tax after you've taken delivery.

[killramos]

CRA: “Pay this or we will fuck you three ways sideways”

I’m guessing that is how they apply said tax haha

[03ozwhip]

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Maybe I'm out of touch, but who cruises Kijiji looking for 500k cars?

I dont have enough money to even think about that, so that's where I'd start because I wouldn't know anyone else selling a car worth that lol

[gmc72]

So, this has nothing to do with the upcoming luxury tax (I can't spend that much), my wife is looking at a new-ish vehicle. She's wondering about the long term reliability of the GLA 250 and X1 (2017-2018 era). These are 2 that are on her extensive list. I thought that Beyond would know about these more than other customer reviews (seem like whiners whining about shit they should have noticed on the test drive).

Thanks.

Also, does anyone have any dealing with Clutch? What are they like to deal with? That sort of thing.

[jutes]

Recently traded in our 2018 X1 with 90k on it. Only issues we had with it was random "restraint malfunction" warnings on the infotainment in really cold weather (we parked outside). Beyond that it was solid.

[HiSpec]

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Recently traded in our 2018 X1 with 90k on it. Only issues we had with it was random "restraint malfunction" warnings on the infotainment in really cold weather (we parked outside). Beyond that it was solid.

This is also a common issue with the CLA/GLA250 (aka Infiniti QX30).

[rage2]

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https://ca.news.yahoo.com/canada-imp...210000704.html

Wow, brutal. They are going to apply the tax retroactively to cars purchased after Jan 1, 2022. I know lots of people who bought recently thinking they dodged it, ouch.

It’s for when the vehicle was originally ordered. The original tax was supposed to roll out Sept 2021, but purchase agreements signed prior to March 15 2021 was exempt. So if you ordered a car prior to 2022, you’re still good to go even if it’s delivered after September 2022. It’s not retroactively taxing for cars purchased after 2022, it’s granting an exception for sales orders completed before 2022. If you bought a car off the lot March 2022 you’re still good to go. Yahoo’s overseas writer got it wrong.

Here’s the proper details.

https://www.bdo.ca/en-ca/insights/ta...ury-goods-tax/

The tax will apply to subject vehicles and subject vessels delivered or imported on or after September 1, 2022. However, based on recent amendments, the tax on subject aircraft may be deferred to a day or days to be fixed by order of the Governor in Council.

The tax will not apply where the vendor of the subject item and the non-registered purchaser entered into a bona fide agreement in writing for the sale of the subject item prior to January 1, 2022. Registration will be required before the first importation or delivery of a luxury good is made.

It’s the same as the original tax with just the dates changed.