guys i need financial advice... immediately
back in 1998 my father leased out a car with a car dealership. the contracts were written and signed.
60 monthly installments and at the end of 60 months a resiual value has to be paid so the car can be signed over from them (the dealership) to us.
during 2000 (i think) GST was introduced.
our monthly installments were not effected by it, the contract does not mention anything about GST.
now 60 months have passed and the residual value is due (tomorrow) and they want 10% GST on top of that.
can anyone help me with this problem?
i dont know who's right but hopefully the contract will prevail against the dealerships word.
thanks for your help
GST or not
Tue, 08 April 2003 10:45
