Your Vehicle Value
How do ICBC value your car to calculate tax? Understand exactly how much tax you will pay, before you purchase your vehicle
How much is your vehicle worth?
Contact us at Sea to Sky Vehicle Appraisals and we will tell you the ICBC Black Book Value free of charge so you can fully understand ALL the taxes you will be paying when buying a vehicle. ICBC will not tell you the Black Book Value of your vehicle until you complete the transfer of ownership.
A vehicle appraisal enables the purchaser to pay taxes based on the Actual Market Value of the vehicle - our customers save hundreds and sometimes thousands of dollars.
You will likely be overpaying on tax at ICBC if the vehicle you are buying exhibits any of the following items:
Accident History: A record of accidents can significantly reduce a vehicle's value.
Salvage Title: Vehicles with a salvage title due to extensive damage may be worth substantially less.
High Mileage: Higher mileage typically decreases a vehicle's worth due to increased wear and tear.
Lack of Service Records: Poorly documented or irregular maintenance can lower the value.
Mechanical Issues: Major mechanical problems or engine/transmission issues can be detrimental.
Excessive Wear and Tear: Signs of heavy use, such as worn-out interiors or damaged upholstery, can negatively impact value.
Rust and Corrosion: Rust on the body or undercarriage can significantly reduce a vehicle's worth.
Frame Damage: Structural damage, including frame issues, can have a severe negative impact.
Flood or Water Damage: Water-damaged vehicles often suffer extensive depreciation.
Inconsistent Paint or Bodywork: Poor-quality repairs or repainting can decrease value.
Lack of Key Features: Missing features or options expected in a vehicle's class can be detrimental.
Odometer Rollback: Tampering with the odometer to show lower mileage can negatively affect value.
Excessive Engine Noise or Smoke: Persistent engine issues can reduce value.
Transmission Problems: Transmission issues, like slipping or harsh shifting, can decrease worth.
Inaccurate Vehicle History/CARFAX Report: Incorrect or incomplete vehicle history can negatively impact value.
Uncleanliness: A dirty or unkempt vehicle can give a poor impression and lower value.
Unresolved Recalls: Open recalls can negatively impact value due to safety concerns.
Lack of Documentation: Missing owner's manuals, maintenance records, or service history can affect value.
Pay less tax when buying a used car!
The Canadian Black Book (the valuation tool that ICBC uses to determine the value of your vehicle), does not take any of these factors into consideration. If after reading this section you feel as if some of the listed factors are applicable to your vehicle, then there is an excellent chance that we will be able to save you money through our appraisals process.