Our Services
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How it Works
Currently British Columbians purchasing a used vehicle are required to pay Provincial Sales Tax (PST) on the Canadian Black Book value. It takes into account only year, make, and model of the vehicle. The value assigned does not include physical condition, mechanical condition, mileage, required maintenance, accident history and many other contributing factors.
If you believe your vehicle is considered below-average for any of these factors, you will benefit from our professional vehicle appraisal service. AppraiseBC is fully compliant with ICBC, BC Ministry of Finance Consumer Taxation Branch and Insurance Council of BC regulations. Our appraisers are there to answer any further questions you might have.
Process
01.
Provide Required Vehicle Information
02.
Appraised Value Determined
03.
Only Pay if Appraisal Results in Tax Savings
04.
Receive your FIN 320 Vehicle Appraisal Form
05.
Submit Appraisal to your Insurance Agent
Factors That Affect Car Value
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High milage
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Excessive wear and tear
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Paint Issues
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Interior damage
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Rust
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Previous commercial use
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Exterior damage such as dents and scratches
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Broken or missing parts
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Accident history
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Poor maintenance or repair
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Rebuilt, Salvage or Non-Repairable status
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Mechanical or electrical issues
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Check engine or other warning lights
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Non-compliance with emissions or safety regulations
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Outstanding recalls
Example Appraisals
2011 Toyota Prius Base (467,7525 km)
ICBC Tax Calculation:
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Canadian Black Book Average Wholesale Value: $9579
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12% Tax: $1,149.48
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AppraiseBC Appraisal:
Our appraisal accounts for high milage, mechanical and cosmetic condition
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Appraised Value: $2,000
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12% Tax: $240
Savings with AppraiseBC Appraisal: $909.48
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