Locating/searching for a Car in Ontario

[ZiggyL78]

Originally Posted by 67BelAir427

Hey Ken, did you know that if any of your cars left the province or country that you may still be the registered owner in Ontario? All you then have to do is pay the $10 for a new ownership. And then buy the car back with no HST.

Hi Marc.

A replacement ownership is a wopping $32 and as if that is not detrimental enough you also need an insurance slip to get a new ownership.To top it all off how are you going to find the car if the guy never updated the ownership?

Great info though.Thanks.

[67BelAir427]

I have kept in touch with a number of new owners of many of the cars I have sold so I know where they are. The insurance slip must be a new requirement that did not exist previously. I was offered up a copy without any question about insurance. The cost is a lot higher now than previously thanks to Kathleen Wynn.

[EZ Nova]

Ken, not sure on when the ownership thing changed as when I bought my 67 Nova last fall, i got an imediate ownership without insurance, but was UNFIT for road going purposed.

Can't be serious about the sold car ownership deal??

[67BelAir427]

Originally Posted by EZ Nova

Ken, not sure on when the ownership thing changed as when I bought my 67 Nova last fall, i got an imediate ownership without insurance, but was UNFIT for road going purposed.

Can't be serious about the sold car ownership deal??

If the car is registered in another province then you can't as they trade info. But if the car is another province and has not been registered then you can. Lots of collectors do not register with MTO or the DMV to save sales tax. So if the other jurisdiction does not know about the
sale then in the eyes of the MTO you are still the owner.

[EZ Nova]

Originally Posted by 67BelAir427

If the car is registered in another province then you can't as they trade info. But if the car is another province and has not been registered then you can. Lots of collectors do not register with MTO or the DMV to save sales tax. So if the other jurisdiction does not know about the
sale then in the eyes of the MTO you are still the owner.

YES you "could" possibly save taxes. But it was looking like IF you sold the car, and the new owner didn't register/change-the-ownership it is still in your name, just go get a new ownership and go collect the car????

Now if who you sold the car is will to sell it back and the ownership hasn't been change, then ya you could possibly save tax $$$. EVERYCAR I have ever dealt with has a strong paper trail with a couple signed off documents. So even when I didn't change the ownership over (like in one of my race/TRACK ONLY CARS) I still had the deposit amount and signed with balance owing. Then balanced PAID IF FULL also signed and dated by 3 signatures and usually a picture or 2. They all sit in a file together and IF somewhere were to come at me after the fact, I have documentation that I bought the car, paid in full, yet haven't transferred the ownership yet. Plus the back of the ownership IS SIGNED off on sale of car as well.

[67BelAir427]

I am talking about buying back cars that you previously sold.No one is coming to claim a car that you bought. I sent you a PM .