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Discussion Starter #1
Anyone from Canada knows the deal of this? We have a 1% (whoopi-doo) reduction GST, sales tax, this past weekend. I want to know what is the real deal when the vehicle is financed...
Will the monthly payment be reduced in tax by 1% or remain the same?
Any help would be appreciated....
 

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Re: Canadian GST reduction and Financed vehicle (King1984)

i just bought a Rabbit, and they put 6% GST on instead of 7%, and i financed that total. so i saved like $230 not much, but every little bit helps.
 

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Re: Canadian GST reduction and Financed vehicle (Mayoman)

should be 5% in about two years.
 

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Re: Canadian GST reduction and Financed vehicle (QcGTI)

Depends on the date of the deal.
Purchase financing: After July 1, it should be factored in at the 6% GST, anything before and you're euchred.
Leasing: your lease payments will drop regardless of when you bought the car (like mine...extra 7 bucks a month in pocket
)
 

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Re: Canadian GST reduction and Financed vehicle (Mayoman)

Quote, originally posted by Mayoman »
i just bought a Rabbit, and they put 6% GST on instead of 7%, and i financed that total. so i saved like $230 not much, but every little bit helps.


yep....same with me
 

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Re: Canadian GST reduction and Financed vehicle (89vw)

I saved a bit less then 500 $ off my car. Hey its better then nothing,
 
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