HOW IT WORKS
Selling Price = Loan
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Vehicle Value or Selling Price (Decided by seller): $10,000
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Pending Loan Balance: $10,000
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Total Loan to be Transferred = $10,000 + Fees & Taxes
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Taxes & Fees:
12% Tax (7% P.ST +5% GST)
$995 – Documentation Fee
$XXX – Application Fee
Selling Price > Loan
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Vehicle Value or Selling Price (Decided by seller): $15000
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Pending Loan Balance: $10,000
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Positive Equity (5000$) Will Be Refunded To Seller
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Total Loan to be Transferred = $15,000 + Fees & Taxes
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Taxes & Fees:
12% Tax (7% P.ST +5% GST)
$995 – Documentation Fee
$XXX – Application Fee
Selling Price < Loan
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Vehicle Value or Selling Price (Decided by seller): $8000
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Pending Loan Balance: $10,000
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Negative Equity ($2000) Will Be Paid By Seller
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Total Loan to be Transferred = $8,000 + Fees & Taxes
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Taxes & Fees:
12% Tax (7% P.ST +5% GST)
$995 – Documentation Fee
$XXX – Application Fee
NOTE- ALL NUMBERS CAN BE DECIDED BETWEEN BUYER & SELLER. ONLY THE FINALISED AMOUNT WILL BE TRANSFERRED.
FOR BUYERS
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Prime Bank Financing
• Get pre-approved in 4 minutes so you know exactly what you can afford.
• We approve you with prime banks for the lowest rates. Starting 6.99%
• Open, flexible loans – pay off anytime or in a lump sum.
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Inspection & Detailing
Our certified mechanic does a 360° check and runs a complete Carfax report. Need it shining? We’ll detail it, too.
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ICBC & Payoff
Transfer plates, switch ownership and even pay off the seller’s loan under one roof. Skip the line—get road-legal today.

