Pony Ride Posted May 7, 2006 Report Share Posted May 7, 2006 With the Gst dropping 1% as of July, if we sign now do we pay the extra or is it when we pick the car up? $570 bucks would most likely pay for the first speeding ticket Link to comment Share on other sites More sharing options...
KingCobra Posted May 7, 2006 Report Share Posted May 7, 2006 With the Gst dropping 1% as of July, if we sign now do we pay the extra or is it when we pick the car up? $570 bucks would most likely pay for the first speeding ticket That's an interesting question!!! But, I would think the moment you actually put your name on a purchase agreement, you would pay the aplicable taxes as of that time. But, thanks for making us feel ripped off though!!! KingCobra. Link to comment Share on other sites More sharing options...
kaylan1521 Posted May 8, 2006 Report Share Posted May 8, 2006 Unless you lease the car in which case you pay the taxes monthly. Since I may be buying this car through my business, I may lease afterall. Link to comment Share on other sites More sharing options...
cobra2go Posted May 8, 2006 Report Share Posted May 8, 2006 My dealer said that no money is due until the car is delivered (other than deposits). So with an August/September delivery, we should be saving the 1%. Kaylan, I had also asked about leasing vs. financing. Depending on Ford's financing program when we sign, whether you should buy or lease. For example, right now Ford has incentive financing at 4.9%, leasing is 7.9%. Sometimes you'll pay almost the same monthly amount for a 60 month finance as a 36 month lease. There is a payment calculator on Ford.ca, Build and Price site. It might help you figure out which way to go. Link to comment Share on other sites More sharing options...
Gonzo17 Posted May 8, 2006 Report Share Posted May 8, 2006 Order and purchase date are two different times. The GST is based on the sale date and would be the GST rate in effect when you complete the transaction by taking delivery. It works the same as the warranty, it also starts when you take delivery. Link to comment Share on other sites More sharing options...
SVTpower Posted May 8, 2006 Report Share Posted May 8, 2006 fyi all..............this car will def'ly be delivered to you after July 1st, so yes we will save the 1%. Reason being is due to the VIN, a new sales agreement (your current has no Vin) will have to be remade and that's when they will insert the vin and other financial info. Even if your contract is complete (which it's not really as no VIN inserted), any simple change requires a new contract. i.e. original contract: Total: $60,000 Dep: 5,000 Balance Due $55,000 Payable on Del $40,000 Amt to Finance $15,000 If you change ANYTHING, a new contract is req'd. i.e. If you decide to increase your amt. payable on delivery Total: $60,000 Dep: 5,000 Balance Due: $55,000 Payable on Del $45,000 Amt to Finance $10,000 Link to comment Share on other sites More sharing options...
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