Motor Vehicle Appraisals for ICBC Transfer Tax Purposes - From $100.00

Why pay more transfer tax on a vehicle than what is absolutely necessary. We prepare appraisal estimates of the vehicle's Fair Market Value in a private party transaction. Effective October 1, 2022 the transfer value of a vehicle for tax purposes in a private party sale is the GREATER OF; A> the price paid by the purchaser .or. B> the estimated Fair Market Value based upon make/model/year/mileage/condition according to ICBC With a Motor Vehicle Appraisal, the value for transfer tax purposes is the GREATER OF 1> The purchase price of the vehicle .or. 2> The appraised value of the vehicle ICBC's estimated market value of a vehicle does not take into account many factors that may significantly lower the estimated fair market value of a vehicle such as: Was the vehicle driven by a smoker? Was the vehicle used to transport large hairy wet dogs? Is there any visible damage or excessive wear and tear? Are there any outstanding and necessary repairs required to get the vehicle in a safe operable condition? Are any parts missing? Is the vehicle in an inoperable state requiring major restoration? The list goes on and on. Why pay more sales tax upon a higher price that you never paid ? Call: Mario Erlic your vehicle appraiser with 35 years experience.