Dealer asking me to sign Right of First Refusal
#47
Burning Brakes
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In BC, there is a tax exemption if the following conditions are met. Probably similar to other jurisdictions.
Gifts to Related Individuals
If you receive a vehicle as a gift, you are exempt from paying PST on the vehicle if the person
who gave you the vehicle (the donor) is a related individual to you and the donor:
paid an applicable tax or another province’s sales tax on the purchase of the vehicle and
has not received and is not eligible for a refund, credit or rebate of that tax, including input
tax credits,
was exempt from PST, TDP or SST that would have otherwise been payable, or
received the vehicle as a gift in BC prior to April 1, 2013.
Note: Only one gift of a specific vehicle between related individuals is eligible for exemption in
a 12-month period. PST will apply to any future gifts of that vehicle within 12 months. The only
exception is if a gift vehicle is gifted back from the recipient to the donor.
A related individual is:
a person’s spouse (legally married or living for a continuous period of at least 2 years with
another person in a marriage-like relationship), child, grandchild, great grandchild, parent,
grandparent, great grandparent, or sibling,
the spouse of a person's child, grandchild or great grandchild, or
the child, parent, grandparent or great grandparent of a person's spouse.
Gifts to Related Individuals
If you receive a vehicle as a gift, you are exempt from paying PST on the vehicle if the person
who gave you the vehicle (the donor) is a related individual to you and the donor:
paid an applicable tax or another province’s sales tax on the purchase of the vehicle and
has not received and is not eligible for a refund, credit or rebate of that tax, including input
tax credits,
was exempt from PST, TDP or SST that would have otherwise been payable, or
received the vehicle as a gift in BC prior to April 1, 2013.
Note: Only one gift of a specific vehicle between related individuals is eligible for exemption in
a 12-month period. PST will apply to any future gifts of that vehicle within 12 months. The only
exception is if a gift vehicle is gifted back from the recipient to the donor.
A related individual is:
a person’s spouse (legally married or living for a continuous period of at least 2 years with
another person in a marriage-like relationship), child, grandchild, great grandchild, parent,
grandparent, great grandparent, or sibling,
the spouse of a person's child, grandchild or great grandchild, or
the child, parent, grandparent or great grandparent of a person's spouse.
#48
#49
Instructor
Thread Starter
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SA is proposing to add both my and my father's name to the licensing for the car. I wonder if this would affect anything?
I asked him to just carve out an exception for family transfer. Let's see what he says.
I asked him to just carve out an exception for family transfer. Let's see what he says.
#50
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You already have a purchase agreement? I'd refuse to sign it if that's the case.
#51
Instructor
Thread Starter
#52
Team Owner
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Id be interested in MOABs view on this . But i would think if you already have a signed agreement its a contract. If they refuse to give you the car I might threaten to sue for breach of contract.
I would think legally they dont have a leg to stand on, and its more like intimidation. Or Porsche/dealership offers some kind of cash incentive to every one that gets signed for the S/A .
the S/A will yell you anything to get that thing signed .
#53
Drifting
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Has anyone brought this up to Porsche Canada? I wonder what they have to say.
#54
#55
Rennlist Member
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Id be interested in MOABs view on this . But i would think if you already have a signed agreement its a contract. If they refuse to give you the car I might threaten to sue for breach of contract.
I would think legally they dont have a leg to stand on, and its more like intimidation. Or Porsche/dealership offers some kind of cash incentive to every one that gets signed for the S/A .
the S/A will yell you anything to get that thing signed .
I would think legally they dont have a leg to stand on, and its more like intimidation. Or Porsche/dealership offers some kind of cash incentive to every one that gets signed for the S/A .
the S/A will yell you anything to get that thing signed .
#56
Drifting
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Politcaro BMW has a clause in their sales contracts that says "A registered lien will be held for 1yr on all cash purchases of x3,x4,x5,x6 & x7 models".... maybe its to stem grey market vehicles....
#59
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I don't believe Porsche Canada is requiring this. I think most of this is coming from dealers who have too many cars in China or the Middle East. They get a warning and were likely told to better vet their clients and they've come up with these great ideas to get trades coming back. If you ask PCL they will probably cop out and give you the standard line that it's between you and the independent dealer.
On the other hand if these cars keep going overseas, we will get less cars in the future and/or they will be priced directly against the US dollar or Euro.
#60
Instructor
Thread Starter
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I've sent Moab my email. Will shoot it over once he sends me his contact.