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Playa24_7
Supreme tranceaddict

Registered: Apr 2004
Location:
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On the back of the ownership for the car with the previous owner, there's a spot on the back to fill the information for the buyer of the vechicle, which is you. Name, address, all this stuff, then there's a spot where they sign and you sign I'm pretty sure, one or the other.
The person makes a bill of sale basically just saying they are selling the car to you for X amount of $ stating their name, your name, the date, and they sign it. You take that to the ministry, the signed ownership, and it cost like $140 roughly I think to transfer over, at least that was the cost for my friend buying my old car last weekend lol.
You have 6 days to transfer over the ownership after the bill of sale is made.
We just made a bill of sale on a piece of paper, it doesn't have to be anything crazy.
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Apr-05-2008 16:59
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DigiNut
You kids get off my lawn!

Registered: Dec 2002
Location: Toronto, Self-proclaimed Centre of the Universe
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Quick summary and a few corrections...
The resource you want (already posted above, I know) is here:
http://www.mto.gov.on.ca/english/dandv/vehicle/used.htm
The main points are:
- The transfer application itself is on the back of the vehicle permit.
- The bill of sale is not a special form; it just needs to contain the VIN (preferably with a short description), buyer's and seller's names and signatures, the date of sale, and the price.
- You absolutely do need to get a safety inspection, and if the vehicle is more than a couple of years old, you'll also need an e-test. Otherwise, you can transfer the vehicle, but not as "fit" and that means you can't legally drive it.
- If the seller already had a safety done, then the certificate is valid for 36 days and should be given to you upon sale. Dealerships usually don't do a safety until the vehicle is sold, and they tack on an additional fee after the sell price; you might be able to negotiate these terms with a private seller.
- You pay taxes to the MTO when you register, not the seller (unless it's a dealership).
- If you somehow manage to score the vehicle for less than the Red Book wholesale value, keep in mind that taxes apply to the higher number.
- Carfax will only help you for cars, but if it's a motorcycle, there are other services you can use to check history, like Autocheck (not an endorsement, just the first name that comes to mind).
Hope that helps.
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Apr-05-2008 19:22
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zoogla
Guest
Registered: Not Yet
Location:
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| quote: | Originally posted by Tordan
as for the MTO website... seems pretty straight forward to me. LINK |
Agreed. That's where I got all my info when I bought privately about 6 years ago.
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Apr-06-2008 08:13
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