No value on Used Vehicle Package

yes

pointblank wrote: ↑Whats happens when there is no value of the car on the used vehicle package?

Does the buyer pay tax on the agreed upon amount?

I think if the vehicle is older than 10 years..could be a bit more (not sure), they don't go by the book value anymore.
It is whatever you tell them, but you have to provide a note from the seller and you both need to remember this amount just in case they will ask later.
If someone starts questioning the low price, there could be always be a problem with the car which you had to fix...transmission, head gasket etc.
If you're buying the car "as is", they have no way of knowing what shape the car was in and it could have come in pieces...

Put $1

How old is the vehicle?

You may require an appraisal.

When I bought a vehicle earlier this year there was no value listed on the UVIP. When I changed ownership I just made up a number that sounded reasonable but was 5k less than I paid. Went through without issue. It was a 2010 fairly common vehicle. Not sure why there was no value listed.

If the car is old and rare enough there will be No Value on the UVIP because there is not a large enough sample size to determine the book value. I think Ontario uses the Red Book value.

I have bought several cars with No Value and have always just put $100. That is the price a wrecker will pay for any car they pick up, so should never be flagged as suspicious by the MTO.