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Soon after you buy. On a private sale the tax is due when you register the car or 20 days after the end of the month you bought it, whichever comes first. The rate is 15 per cent of the taxable value, and the Act counts a motor vehicle as designated property.
| Buying on Prince Edward Island | Tax |
|---|---|
| From a dealer | 15% HST |
| From a private seller | 15% retail sales tax, due at registration or 20 days after the end of the month of purchase |
The greater of two values. It is charged on the greater of the declared purchase price and the lesser of the Red Book or Blue Book average wholesale value and a written appraisal. So if the book value is above what you paid, an appraisal can bring the taxable value down.
15% HST, the same total. A private seller offers no dealer warranty and no dealer paperwork, so the history report and the lien search are yours to run.
Four in our network, from $7,500 to $200,000. Rates start at 6.93%, and all four pay out within two days. Two consider poor credit, one wants a fair score, and one sets no minimum. Income minimums run from $1,500 to $2,000 a month. Our application reaches all four at once, and the approval travels with you to a dealer on or off the Island.
Every car lender we work with is on the car loans in Canada page.
Reviewed by Vlad Sherbatov, Co-Founder and President, Smarter Loans, 6 October 2026. Lender terms checked August 2026.
15% either way. A dealer charges 15% HST, and a private sale carries 15% retail sales tax.
It is due on the earlier of the day you register the car and 20 days after the end of the month you bought it in.
It can. The tax is charged on the greater of the price and the lesser of the book value and a written appraisal.
Four lenders in our network do, from $7,500 to $200,000, and all four pay out within two days.
Yes. Two of the four lenders consider poor credit, and one sets no minimum score.
