Originally Posted by Franswa
you're right about taxes !!!! It's highway robbery here in BC....it's 11% collected when the vehicle registration
is transferred from one name to another....the industry (dealers) doesn't fight it as it's in their interest....makes buying from a dealer when a possible trade-in is involved look a bit more attractive (tax is calculated on new purchase price MINUS trade-in value)
a complete rip-off the government got away with after the HST debacle...that was eventually defeated...but ICBC kept the HST rate
I agree, it's a rip off and anyone with insurance should remember to always work to negotiate the taxes into the settlement, why should a consumer pay tax twice to own one RV or vehicle for that matter. And the deductibles really chap me too.
My brother had told me that ICBC would write a letter or give me a form or something that I would take along so I wouldn't have to pay tax twice and I BELIEVED him because A: it sounded reasonable and B: he was not speaking second hand but from personal experience, so I really didn't worry about it or research to back up the claim.
My insurance broker looked at me like I had a hole in my head and suggested I call ICBC, Prov Gov't, etc,... I had bought it in Alberta so I couldn't insure it until I paid the tax. And, because I was obviously going to insure it again, I didn't want to be dishonest on its value to pay less either,....
ICBC was settled and there was no such form or letter and the Prov Gov't was quite convinced that I should really have to pay twice and irritated over the concept that I thought I shouldn't have to. In my view I paid taxes twice to own one trailer.
And frankly, driving to another province should be part of the negotiation too, since both RV's were purchased in Alberta, insurance is for replacement value and having gone somewhere distant ought to be included, but now I know. Hopefully, there will never be a next time. Hopefully someone reads this while they are waiting for a settlement and uses it to their advantage. Information and education are important.
The only party at "fault" here is the driver who slammed into the trailer. We came out of this incident, not at fault, minus several thousand dollars. Insurance really ought to cover one completely and one should not be at the mercy of an apparently publicly owned corporation. While informing oneself is important absolutely, I would like to see the corporation perform at a standard higher than it currently performs at. A mix between private offerings, public complaining and informed consumers helps encourage that performance, I think.