The art of buying snowmobiles, and selling them.

[deaner]

Whether it's financially the best way to go or not.....there's still nothing better than loading up that brand new, never been rode sled. There's just something about it.

 

[Rjjtcross8]

I really hope they get their stuff together just supplying parts for the sleds they sell, 2 yrs ago couldn't get a steering post for like 2 months. This yr I needed an a-arm and it is back ordered until end of april. There is a lot to be said about access to parts keeping these toys usable and so far Cat has royally sh*t the bed the last 3 yrs.

I noticed that as well, nothing seems to be in stock anymore.

 

[lilduke]

if you were a master sled flipper and actually sell sleds for more than you pay would that be capital gains?

if so could you write off the deprecation on a sold sled as a capital loss?

 

[Ronaha]

........and why they can tax a used sled over an over an over

 

[canuck5]

........and why they can tax a used sled over an over an over

Is this actually a thing in BC?

 

[Ronaha]

Is this actually a thing in BC?

It’s an thing everywhere unfortunately.....any used store taxes a “already been taxed” item.

 

[deaner]

Is this actually a thing in BC?

12% every single time

 

[Bnorth]

Whether it's financially the best way to go or not.....there's still nothing better than loading up that brand new, never been rode sled. There's just something about it.

It's true you feel like a boss when you snowcheck and and then wait with anticipation all summer and feel like a king when you pick it up and show up to stage with a brand new machine... then you put the 1st scratch or crack in it lol.

if you were a master sled flipper and actually sell sleds for more than you pay would that be capital gains?

if so could you write off the deprecation on a sold sled as a capital loss?

Yes but self reportable and most wouldn't as there isn't much of a paper trail.
Could right off depreciation if it was a business asset.

 

[canuck5]

12% every single time

Shouldn’t it be just PST I’ve bought and sold piles of vehicles and sleds in alberta and obviously we never pay it unless brand new

 

[deaner]

Shouldn’t it be just PST I’ve bought and sold piles of vehicles and sleds in alberta and obviously we never pay it unless brand new

You would think hey? I think it used to be at one point, but after the HST fiasco they basically called the 12% something of its own and kept charging it. Bnorth would probably know more detail Im guessing. Its friggin criminal

 

[Annacassandra]

Shouldn’t it be just PST I’ve bought and sold piles of vehicles and sleds in alberta and obviously we never pay it unless brand new

In Alberta if you're buying and selling privately you don't pay any tax but if you're buying used from a dealership you pay gst. They pay gst to whoever they get the vehicle from ie: if you trade in a sled you only pay tax on the difference between the new sled and your trade in value. So it should work out to net zero tax when it's sold (there's some markup that gets taxed in that situation but you gt the idea)

In BC I'm pretty sure you get taxed every single time even buying private- they tax you when you go to register it. So every time a vehicle changes hands the gov't takes their cut. It's quite the racket...

 

[Caper11]

Whether it's financially the best way to go or not.....there's still nothing better than loading up that brand new, never been rode sled. There's just something about it.

Its called “that skidoo feeling”.

 

[deaner]

Its called “that skidoo feeling”.

Yeah I can't imagine what a sick feeling it would be to write a cheque for 20k and see a polaris in the back! Haha

 

[Snorider]

Whether it's financially the best way to go or not.....there's still nothing better than loading up that brand new, never been rode sled. There's just something about it.

which is why I would like to do it a couple times. but I am still buying the 300 to 500 mile sleds. lol

 

[lilduke]

Hours and condition are better to look at then KM's. Takes 2 seconds to unplug a speedo to keep the miles low.

Or replaced gauges on the skidoo. My 14freeride said 0km on the od when I sold it, but it was just beat! lol

 

[niner]

Here’s your deal of the day. 600 kms and 4 year warranty. Doesn’t cost too much to fix all the clutching issues. Almost worth buying just for the skid and track and build a AlphaWinder.