Just a guess, but would I be close in saying the BASE price for a Z06 C8 whenever available would be around 110k ?
Or a post office box "showing" residency in Alberta…….I'm not familiar with the BC tax rules but it sounds like you're saying leasing an expensive car avoids the "luxury car tax" that a BC buyer would pay? Is that correct? And if so, do many British Columbians lease for that reason?
I've never leased a new vehicle before but if doing so will save $10,000+ that might prove too tempting...
I'm not familiar with the BC tax rules but it sounds like you're saying leasing an expensive car avoids the "luxury car tax" that a BC buyer would pay? Is that correct? And if so, do many British Columbians lease for that reason?
I've never leased a new vehicle before but if doing so will save $10,000+ that might prove too tempting...
Or a post office box "showing" residency in Alberta…….
@netsinah sorry I missed your question. When you lease, you only pay tax on the down payment and the monthly payments, not the total value of the car, so in BC at least the luxury tax isn't triggered if the total payments over the term don't go over the tax bracket. For those looking to limit their tax exposure it's a good option, though I couldn't say how many people do this.I'm not familiar with the BC tax rules but it sounds like you're saying leasing an expensive car avoids the "luxury car tax" that a BC buyer would pay? Is that correct? And if so, do many British Columbians lease for that reason?
I've never leased a new vehicle before but if doing so will save $10,000+ that might prove too tempting...
@tyho especially when the guy in charge of the federal finances didn't realise he wasn't billed $41,000.Agreed, 23% tax along with the various other taxes and fees associated with buying a car is just going to close the door on many potential customers. Given the Liberals track record and the massive black financial hole, I suspect the luxury tax will not be the only new tax we see.
Ya, I don't believe for one moment he didn't realize that WE funded his family vacations since he didn't pay for them. Miraculously he realized this a few hours before he was to testify. I am stunned at the audacity and lack of ethics and integrity of some of our politicians. At the very least they should be booted out of office, at best jailed.@tyho especially when the guy in charge of the federal finances didn't realise he wasn't billed $41,000.