If You Own

For exact details on the calculation of the Buy-back amount refer to the Agreement for Arbitration. A copy of the Agreement for Arbitration is included as part of the application package or can be viewed on-line.

Calculating a Buy-back When You Own The Vehicle

Use your "TAB" button to move between data fields:

Step 1 • Odometer Reading

Estimated odometer reading at the time of the hearing. To be verified and calculated by the arbitrator on the date of the hearing. Vehicles in use over 36 months, or 60,000 kilometers, are ineligible for a buy-back.
Step 2 • Calculation of the Vehicle Purchase Price
a)    The price paid by you for the vehicle as shown on the retail sales contract.
This amount is usually located as the first amount shown on the top right side of your sales contract.

b)    Plus, all amounts paid or allowed for accessories or options installed on your vehicle at the time of purchase and included on your bill of sale that were:

  • Installed by the manufacturer, or;
  • Installed by an authorized dealer and manufacturer approved; if those options or accessories were not included in (a).
(+) $ 
c)    Plus, all amounts if not included in (a) for:
1) Freight   $ 
2) Pre-Delivery Inspection (PDI)   $ 
3) Acquisition fees   $ 
4) Tire levy/disposal fee   $ 
5) Regulatory fees   $ 
6) Administration and documentation fees   $ 
7) Federal excise/air conditioner tax   $ 
8) Government mandated environmental fees   $ 

(+) $ 
d)    Plus, if proven, the before tax amount you paid for a Manufacturer Supported Extended Service Contract for your vehicle. (+) $ 

e)    Less, all amounts paid or allowed for accessories or options installed on your vehicle at the time of purchase and included on your bill of sale that were not:
Installed by the manufacturer, or;
Installed by an authorized dealer and manufacturer approved.

(-) $ 
f)    Less, if proven, any negative equity amount. (-) $ 
g)    Less, if proven, any manufacturer or dealer rebates, discounts or incentives that do not clearly appear on the retail sales contract or bill of sale. (-) $ 
h)    Less any manufacturer or dealer rebates, discounts or incentives that appear on the retail sales contract or bill of sale but have not been removed from the price paid by you for the vehicle as in (a) above. (-) $ 
i)    Less Reduction for Use: This amount may or may not be waived or reduced by the arbitrator depending on the length of time your vehicle has been in service or the number of kilometers on your vehicle at the time of the hearing. (-) $ 
j)    Insert the rate as indicated on your sales contract to calculate GST or HST, as applicable.
         
Buy-back - No Reduction for Excess Kilometres (GST or HST Inclusive)
Buy-back - With Reduction for Excess Kilometres (GST or HST Inclusive)

Owned Vehicle Buy-back Notes • Step 2

Step 2a)  This section includes the price of your vehicle and its manufacturer approved options.
Step 2b)  This section includes manufacturer approved accessories that were installed by the manufacturer or an authorized dealer. Examples include items such, but not limited to, hood deflectors, bicycle racks, truck bed liners.
Step 2c)  These amounts are specific and must be shown on your bill of sale. They do not include items such as, but not limited to, fabric and paint protection, rust proofing, vehicle etching, fuel charges, remote starters, licensing and registration fees.
Step 2d)  The service contract must appear on the CAMVAP approved list of manufacturer Supported Extended Service Contracts provided to you by the Provincial Administrator.
Step 2e)  This section excludes manufacturer approved accessories that were not installed by the manufacturer or an authorized dealer. Examples may be aftermarket accessories, 5th wheel assemblies, trailer hitches, etc.
Step 2f)  Negative equity must be proven in accordance with Sections 8.4 and 18.16 of the Agreement for Arbitration.
Step 2g)  Manufacturer rebates or incentives that do not appear on the retail sales contract or bill of sale must be proven in accordance with Section 8.4 of the Agreement for Arbitration. Rebates or incentives that appear on the bill of sale but are not reflected in the amount listed at (a) should be listed here.
Step 2i)  If a buy-back is awarded you can apply to your provincial or territorial government (Alberta excluded) for a rebate of the provincial or territorial sales tax. Quebec residents should contact the Quebec Provincial Administrator for assistance.

Ver 2.0