Was the federal luxury tax amount on your initial Offer to Purchase $0.00?
#76
Well, there are a lot of issues with registering in Alberta if you don't actually live there. First, insurance on supercars/hypercars is getting quite expensive because of all the thefts of high end vehicles in Ontario. Rates are going up, and it's getting harder to get coverage and a lot of these private insurers are asking for a lot more information compared to few years ago. Second, if you don't live in Alberta and the insurer finds out you actually live outside of the province, good luck getting coverage. You could register the vehicle through a numbered company, but again, you're risking your policy if you're not living in the province.
One thing I've learned in life is not to try to outsmart an insurance company because you'll always end up on the losing end of the stick.
One thing I've learned in life is not to try to outsmart an insurance company because you'll always end up on the losing end of the stick.
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Greg981 (06-30-2024)
#77
#80
Rennlist Member
#81
Unfortunately, a lot of people don't read the fine print and find out the hard way when things go wrong.
As I mentioned above, private insurance companies across Canada are really clamping down on insuring brand new supercars and other high-risk luxury vehicles. Therefore, it's best to read the terms and conditions carefully and not try to skirt around them.
As I mentioned above, private insurance companies across Canada are really clamping down on insuring brand new supercars and other high-risk luxury vehicles. Therefore, it's best to read the terms and conditions carefully and not try to skirt around them.