North Vancouver’s #1 Remote and In-Person Auto Appraisal Service!
At BC Auto Appraisals, we want to help our customers save on tax payments. Starting from October 1st, 2022, British Columbians engaged in private Pre-Owned Vehicle transactions are obliged to remit a Transfer Tax. This tax is determined solely by the Average Canadian Black Book Wholesale Value, based on the Year, Make, and Model of the vehicle.
However, this valuation method fails to account for crucial factors such as the vehicle’s physical condition, mechanical state, mileage, maintenance history, accident history, and other variables that significantly influence its actual worth. If your vehicle falls below average in any of these aspects, our team of Licensed Appraisal Experts is prepared to provide a comprehensive Professional Vehicle Appraisal.
We firmly believe that each used vehicle is unique, and we advocate for a tax assessment that reflects its true value, considering all relevant factors. Our experts at BC Auto Appraisals are here to guide you through this process, ensuring a seamless and equitable transaction experience.
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.
Looking For a Vehicle Appraisal?
Your vehicle’s less-than-ideal condition could make you eligible for tax savings. Factors like excessive mileage, mechanical issues, maintenance requirements, body damage, accident history, and more have the potential to lower your tax liability when evaluated through a Professional Vehicle Appraisal. Our licensed experts at BC Auto Appraisals will support you throughout your vehicle purchase, allowing you to safeguard your hard-earned money by avoiding unnecessary ICBC Vehicle Tax expenses.
In the event that BC Auto Appraisals’ assessed value falls below ICBC’s Average Canadian Black Book valuation, you will only be taxed based on the higher of the two values: BC Auto Appraisals’ assessment or the private Purchase Price of your vehicle.
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