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The average cost of buying a new vehicle in June 2022 was over $48,000, according to data from Kelley Blue Book. There are other more affordable options for buying a car, though, including ...
Buying a brand new car today requires some additional considerations. New vehicle average transaction prices (ATPs) are still near record highs, at $47,936 in October 2023, according to Kelley ...
Actual cash value (ACV) ACV is used to determine how much of a payout you will receive for a totaled vehicle. It is determined by the replacement cost of your vehicle minus depreciation, which ...
Sales tax is calculated by multiplying the purchase price by the applicable tax rate. The seller collects it at the time of the sale. Use tax is self-assessed by a buyer who has not paid sales tax on a taxable purchase. Unlike the value added tax, a sales tax is imposed only at the retail level.
Motor fuel taxes in Canada. In Canada, motor vehicles are primarily powered by gasoline or diesel fuel. Other energy sources include ethanol, biodiesel, propane, compressed natural gas (CNG), electric batteries charged from an external source, and hydrogen. Canada, like most countries, has excise taxes and other taxes on gasoline, diesel, and ...
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