What taxes are paid on used cars in Saskatchewan?

In Saskatchewan, the following taxes are paid on used cars:

1. Provincial Sales Tax (PST): The PST rate in Saskatchewan is 6%. It is applied to the purchase price of the used car.

2. Vehicle Purchase Tax (VPT): The VPT is a one-time tax that is paid when a used car is purchased. The amount of VPT depends on the vehicle's age and value. For cars that are 10 years old or newer, the VPT is 5% of the purchase price. For cars that are older than 10 years, the VPT is 2.5% of the purchase price.

3. Registration and License Fees: All vehicles in Saskatchewan must be registered with the Saskatchewan Government Insurance (SGI). The registration fee for a used car is $41.75. The license fee for a used car is $53.75.

4. Insurance: All vehicles in Saskatchewan must be insured. The cost of insurance will vary depending on the type of vehicle, the driver's age and driving history, and the amount of coverage required.

In addition to these taxes and fees, there may be other costs associated with purchasing a used car in Saskatchewan, such as:

* Dealer fees: Some dealerships may charge a fee for processing the purchase of a used car.

* Freight and delivery charges: If you are purchasing a used car from out of province, you may be responsible for paying freight and delivery charges.

* Safety inspection fees: Some provinces require used cars to undergo a safety inspection before they can be registered. This can cost $75-$100.

It is important to take all of these costs into account when you are budgeting for the purchase of a used car.