Online Appraisal
When purchasing a vehicle privately in Ontario, the province mandates a 13% Retail Sales Tax (RST) based on the greater of the purchase price or the vehicle’s wholesale value . This can lead to higher taxes if the vehicle’s condition isn’t accurately reflected in the standard valuation. On Point Motors offers an online vehicle appraisal service that provides a precise assessment of your vehicle’s actual market value, considering its specific condition and history. By obtaining this certified appraisal, you ensure that the RST is calculated on a value that truly represents your vehicle, potentially leading to significant tax savings during registration. This service is especially beneficial for vehicles with high mileage, prior damage, or other factors that might lower their market value compared to generic estimates.