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  #1  
Old 01-03-2011, 07:40 PM
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MPI Gold Book

Sorry but I need to rant!
I bought a 07 Polaris IQ 600HO got a very good deal. The sled was in good shape but needed at track. I went to register the sled and pay the tax on it.(I payed $4500) they said gold book value was $5700.00 and that is what I had to pay tax on! This is not the bad part, I then asked what value they would pay on in the event of a write off and they said no more than what I payed for it!! What the Hell??
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  #2  
Old 01-03-2011, 07:48 PM
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Get a dealer to appraise. The book is just a guideline. Anything now that I pick up will get an appraisal before going to MPI, then I will pay the right amount.
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Old 01-03-2011, 07:49 PM
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Preaching to the choir, man.

How about the gold book value on a two year old quad being $500 more than new? The values have no relevance to real world sales but Manitoba Tax insists on using them.
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Old 01-03-2011, 07:53 PM
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AND... if you do have problems and need to make a claim, appraisal or not... you WILL have to fight them for every dime!

suck it up buttercup... such is the way with a dominant insurance agency!

No offence!

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Old 01-03-2011, 08:15 PM
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could be worse, my last sled purchase had a difference of $3450 between purchase price and gold book.

Apparently a new book is in the works. Dealer appraisel only way to maybe save the difference. Appraisel sheet available from autopac agent and of coarse you have to find a dealer willing to do it.
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Old 01-03-2011, 08:33 PM
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sounds like a quad i bought and fixed, paid 1200 for it with blown motor, go register and they want taxes on 6200 bucks!!! told them where to go in a hurry! if i sold it 5000 would be fair but no...
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Old 01-03-2011, 08:38 PM
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Quote:
Originally Posted by Sniper-T View Post
such is the way with a dominant insurance agency!
MPI collects the tax on behalf of Manitoba Taxation. Unfortunately we can't blame MPI for this stupidity.
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  #8  
Old 01-03-2011, 09:32 PM
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Pain in the A$$!!
I think we've all been in this situation......$2800 more than I just paid on a sled 3 weeks ago.....I don't understand their system but it SOMEHOW got me 4500 for a Windstar SEL that was damaged by 2 deer on the way to a race last summer. I couldn't have sold the thing for 1000 Bucks...as is....go figure.
I feel your rand tho BobSled !!
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  #9  
Old 01-04-2011, 02:21 AM
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Quote:
Originally Posted by ProComp View Post
Dealer appraisal only way to maybe save the difference. Appraisal sheet available from autopac agent and of coarse you have to find a dealer willing to do it.
Case of juice boxes goes a long way
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