Surrey’s #1 Remote and In-Person Auto Appraisal Service!
At BC Auto Appraisals, we want to help our customers save on tax. Starting from October 1st, 2022, British Columbians engaged in private Pre-Owned Vehicle transactions are subject to Transfer Tax, calculated exclusively on the Average Canadian Black Book Wholesale Value, determined by the Year, Make, and Model of the vehicle.
However, this valuation method does not encompass crucial factors such as the vehicle’s physical condition, mechanical state, mileage, maintenance history, accident history, and other variables that significantly influence its true worth. If your vehicle falls below average in any of these aspects, our team of Licensed Appraisal Experts is prepared to conduct a comprehensive Professional Vehicle Appraisal.
We firmly believe that each used vehicle is unique, and we advocate for a tax assessment that reflects its genuine value, taking into consideration all relevant factors. The experts at BC Auto Appraisals are here to assist 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.
Exploring a Vehicle Appraisal?
Good news! Your vehicle’s condition below the average might actually save you some money on taxes. Things like extra mileage, mechanical quirks, maintenance needs, body dings, past accidents, and more can all play a role in reducing your tax bill when our Professional Vehicle Appraisal team takes a look. Our licensed experts here at BC Auto Appraisals are here to support you throughout your vehicle purchase journey, ensuring you hang on to your hard-earned cash by sidestepping unnecessary ICBC Vehicle Tax costs.
And here’s the icing on the cake: if our assessed value ends up lower than ICBC’s Average Canadian Black Book appraisal, you’ll only be taxed based on the higher of the two values – our assessment or the private Purchase Price of your vehicle. So, let’s work together to make sure you get the most savings possible!
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