Incredible E-Ray Deal
- Thread starter scraze66
- Start date
Remember to add $20K for luxury tax.
If it seems too good to be true……..No damn it , I’m not paranoid….. 
- Thread starter
- #4
Luxury tax would be $8,799 (43995 x 0.20). Where is the $20,000 coming from?
Sales tax?
No. That's not how to calculate luxury tax. MSRP and not discounted price..
20% of $98,119 or 10% of $198,119. Whichever is less.
Yes it is. 20% on the amount over 100K
So in Alberta, you would only need to pay GST and luxury tax?
It’s a cash grab on top of a cash grab , lol . The so called luxury tax is calculated on top of the other taxes . Double dip so to speak .
The Canadian luxury tax is added to the price of the item before GST/HST is applied. This means GST/HST is calculated on the total of the purchase price plus the luxury tax amount. So, yes, the luxury tax is included in the base for HST/GST, making it effectively taxed twice—first as a luxury tax, then again as part of the GST/HST calculation.
That it is.
And yes , in Alberta and here in the NWT as well there is only 5% GST . No HST at all so on my 2024 that saved me close to $12,000 compared to purchasing in most provinces in the country which made up for the increased cost of the MY24 . Not having to pay the extra 10% on everything you buy that is taxable really adds up over the run of a year. It can be very significant when purchasing a new house for example.
So it may worth the drive to Daven Port Motorsports for installs? And to see our country from the east.
DenisC8
Power User
Wow, so no one cares about this great deal on the E-Ray?
It still works out to $178,600 when you include taxes which is a lot of dough for most people. But compared to list it is quite a discount.
DenisC8
Power User
same thing can be said for $125,000 C8 Stingrays when a Mustang GT can be had for $60,000, but this is a Corvette forum so there must be someone who might be looking for a deal on an E-Ray
I have been evaluating my financial choices lately and buying a fully loaded 2024 stingray for $148,000 out the door, when I had a perfectly great 2021 2LT that cost me $103,000 out the door was dumb
I hear you. Perhaps now you wish you had of kept the 2021 ? I have only ever driven a 24 but suspect the experience would be similar from a driving standpoint with any year of C8 ? The only Mustang that really compares at all would be the Dark Horse which can run $90,000 loaded plus taxes but there is no comparison really. Everything is getting more expensive almost every day. I saw three bell peppers the other day for $7.29 , lol .same thing can be said for $125,000 C8 Stingrays when a Mustang GT can be had for $60,000, but this is a Corvette forum so there must be someone who might be looking for a deal on an E-Ray
I have been evaluating my financial choices lately and buying a fully loaded 2024 stingray for $148,000 out the door, when I had a perfectly great 2021 2LT that cost me $103,000 out the door was dumb
DenisC8
Power User
No, I would definitely keep the 2024 now that I have it
but it brought me to a conclusion that I don’t need any other variant of a C8 and if GM screws up the C9, I might just keep my 24 forever now that my favourite colour is discontinued.A corvette is a sense of occasion driving experience and normal daily driving seems like a waste and at those times I don’t need all the options so a 1LT HTC would accomplish everything I need and want from a summer fun car.
Summer fun car?! My 1st summer fun car was my 3rd car I owned. First car I never had to have towed...
