GTA - appraisal

[Bedboi]

a family member recently bought a used REBUILT car and we think we've made a decent deal but the ministry of transportation (mto) DOES NOT agree.
their red book wholesale value is INSANELY expensive and they wanted us to pay 35% more than we should. they do not take into consideration that it was a rebuilt and its current condition.
to them, the book is what they go by and thus they want to rape us.

they said, if we disagree, we need to get a licensed appraiser and have it appraised then they will take the higher value of the two (bill of sale or appraisal)

so, does anyone know what other avenues i have or is appraising the only way to go; then please let me know if you know anyone in the GTA (toronto) that is MTO certified?

[mikeymike1]

a family member recently bought a used REBUILT car and we think we've made a decent deal but the ministry of transportation (mto) DOES NOT agree.
their red book wholesale value is INSANELY expensive and they wanted us to pay 35% more than we should. they do not take into consideration that it was a rebuilt and its current condition.
to them, the book is what they go by and thus they want to rape us.

they said, if we disagree, we need to get a licensed appraiser and have it appraised then they will take the higher value of the two (bill of sale or appraisal)

so, does anyone know what other avenues i have or is appraising the only way to go; then please let me know if you know anyone in the GTA (toronto) that is MTO certified?


I applaud the MTO for doing its duty
Your car is a rebuilt, NOT a salvage!

Rebuilt implies certifiable and road worthy(it doesn't mean its safe)

And who knows if your rebuilt was put back together with crazy glue and rubber bands?
The fact that you're looking to license it for the road means you have a Safety Certificate correct?
The MTO may think you're just trying to put a piece of rebuilt junk on the road and their reason for presuming this is your claim for a lesser value to try beat the taxes.

[vaportech]

I disagree mike. op car prob was involved in an major accident and was however fixable and was able to be restored to almost oem specs. obv since its a rebuild means the value of the car cannot be compared to that of a non rebuilt car. Taking into consideration the loss of value it will be sold way less than a xar that wasnt rebuilt. anyways it appraised should only be like 100 bucks.

[mikeymike1]

I disagree mike. op car prob was involved in an major accident and was however fixable and was able to be restored to almost oem specs. obv since its a rebuild means the value of the car cannot be compared to that of a non rebuilt car. Taking into consideration the loss of value it will be sold way less than a xar that wasnt rebuilt. anyways it appraised should only be like 100 bucks.

Understood and I know exactly where you're coming from. But, rebuild status is exactly what it is - a rebuild! and a rebuild means it now retains some monetary retail value. Why? because certain specific parts and repairs we're made to the once 'written off' vehicle to make it sale-able.
Being sale-able means its retail-able to other persons wishing to purchase.
MTO has these measures in place to prevent people from buying salvaged cars for 100 bucks then retailing them as rebuilds fetching 1000 times more when they only paid salvaged bracket taxes when they initially registered it with the MTO.
Salvage titles are just that too as in unrepairable or salvageable just for its parts. For someone to buy a salvage car just for the sake of having its "VIN" registered in one name then yes it shouldn't be more than a few hundred dollars or whatever he/she bought it for.

The problem is the HTA Safety Standards Certificate is so antiquated it needs a major overhaul. Rebuilds should have a totally different set of safety checks from all other vehicles. Maybe even applying space for appraisals on the safety for rebuilds would help expedite the registration process at the MTO.
Look at the back of a Safety Certificate. It doesn't even state the vehicle has to have an engine or engine displacement or anything related to the engine.

[emlo11]

go to any used car dealership and get a appraisal. Do not pay more than 40-50 dollars.