Hear me out.
I live in New Brunswick, Canada. Our Province requires us to pay taxes based on some fictitious book ONLY available to Dealers, Themselves, Bankruptcy firms, and that's about it. Not to the public or anything. Literally a Car Tax McGuffin.
So my On hand funds are about 5.6k. Income is an assisted 870/month about 300 to spare after survivable expenses, and basic services.
The issue, is because my hard budget is lined at 5.6k that means if i pay exactly 5.6k im pegged for 15% of this "Imaginary" number that I cannot account for. Let's say the cars value is perceived at 10k, I pay 1.5k additional funds, that I cannot cover. It's ridiculous!
but the other issue as well, I'm on bankruptcy, if my car's perceived value is in excess of 6.5k I'm not allowed to own it. What the hell. So I cannot see the important information that's behind this Double-sided mirror.
How am I supposed to find anything in a market like this, with such ridiculous restrictions (Bankruptcy ends July, so not that long of a wait).
But even so. Do ya'll have any advice?
Like is there any resources online that track all MSRPs over the years, and a global evaluation of vehicles that literally define the expected "Fair Value" of a vehicle, that's 20 years old, 10 years old, and where it stands between 50k to 500k Kilometers/miles. Because all the added guess work and conflicting prices are insane.
People are saying the days of $3000 cars is over. Here I was wondering where all the $500 rust buckets went.