Delta’s #1 Remote and In-Person Auto Appraisal Service!
At BC Auto Appraisals, our commitment extends to assisting Delta residents in making informed tax decisions regarding their vehicles. Starting October 1st, 2022, British Columbia residents involved in private transactions for Pre-Owned Vehicles are now subject to Transfer Tax. This tax is solely determined by the Average Canadian Black Book Wholesale Value, reliant exclusively on the vehicle’s Year, Make, and Model.
However, it’s crucial to grasp that this valuation method omits critical factors such as your vehicle’s physical condition, mechanical well-being, mileage, maintenance history, accident records, and other variables that substantially affect your vehicle’s true value. In situations where your vehicle falls below the average standard in any of these aspects, take comfort in knowing that our team of Licensed Appraisal Experts is prepared to conduct a comprehensive Professional Vehicle Appraisal.
We staunchly advocate that each used vehicle possesses its individuality and should undergo a tax assessment that accurately mirrors its actual worth, giving due regard to all pertinent factors. Our experts at BC Auto Appraisals are readily available to shepherd you through this process, ensuring a seamless and equitable transaction tailored to your needs.
Complete our Online Form to Get Started!
Valid for Up to 30 Days After Vehicle Purchase
You can either complete our online form or call us directly at:
Submit Required Vehicle Information
A representative will request all essential information and available records to accurately evaluate your vehicle remotely or in person. This will include photos and video for remote appraisals, which will assist in determining the vehicle's True Value.
A Licensed Appraisal Expert will thoroughly inspect and review all submitted evidence and documentation. A FIN-320 Appraisal Form will be completed by our Licensed Agents as required by ICBC.
Receive Your Report
Once finalized, you will receive the completed FIN-320 Appraisal Form to submit to your Local Insurance Broker or Government Agency.
Do You Need a Vehicle Appraisal?
Knowing that the condition of your vehicle could result in potential tax savings is important. Factors such as extensive mileage, mechanical challenges, maintenance needs, body damage, prior accidents, and more can genuinely reduce your tax liability when your vehicle undergoes a comprehensive Professional Vehicle Appraisal by BC Auto Appraisals’ licensed experts.
As you embark on your journey to purchase a vehicle, our team stands ready to provide unwavering support, assisting you in safeguarding your hard-earned money by steering clear of unnecessary ICBC Vehicle Tax expenses.
The remarkable aspect is this: should BC Auto Appraisals’ assessment value happen to be less than ICBC’s Average Canadian Black Book valuation, your taxation will be based on the higher of the two values – either BC Auto Appraisals’ assessment or the private Purchase Price of your vehicle. This meticulous approach ensures an equitable and precise tax assessment that aligns with your asset’s actual worth, all while optimizing your financial resources effectively.
Example Vehicle Appraisal: 2012 Toyota Prius ex-Taxi (702,455 km)
ICBC Tax Calculation:
ICBC’s taxation system disregards the vehicle’s condition and mileage.
- Canadian Black Book Average Wholesale Value: $14,926
- 12% Tax: $1,791.12
BC Auto Appraisals Assessment:
Our expert assessment accounts for the vehicle’s unique condition and mileage.
- Appraisal Expert Assessed Value: $2,200
- 12% Tax: $264
Savings with BC Auto Appraisals Assessment: $1,527.12