How Much Tax Do You Pay on a Privately Purchased Used Car in BC and How to Lower It with Certified Quick Car Appraisals

If you’re purchasing or transferring ownership of a used car in British Columbia through a private sale, you’ll need to pay Provincial Sales Tax (PST) based on the Canadian Black Book wholesale value of the vehicle or the purchase price, whichever is higher. The current rate of PST on most private vehicles in BC is 12%. However, if your vehicle is in below-average condition, the Canadian Black Book wholesale value may not reflect its true value, leading to a higher tax bill than necessary.

Online Vehicle Appraisal Service

Certified Quick Car Appraisals offers a professional online vehicle appraisal service for $84 that can help you save money on taxes if your vehicle is in below-average condition. Our experienced appraisers follow International Automotive Appraisers Association standards and are fully compliant with ICBC and B.C.’s Provincial Sales Tax regulations. Our online appraisal provides an accurate valuation based on the vehicle’s true market value, potentially lowering your tax bill by reducing the Canadian Black Book wholesale value used to calculate your PST. Most appraisals are completed within 45 minutes, and no payment is necessary until we verify that our appraisal will save you tax. Here’s how to navigate ICBC’s black book tax calculations for privately purchased used cars.

Don’t overpay on taxes for your privately purchased used car in BC. Contact Certified Quick Car Appraisals today to schedule an online appraisal and potentially save money on your tax bill.