Vehicle Appraisal BC: Why Victoria Drivers Need It Now
If you've noticed more people searching for vehicle appraisal BC lately, you're not alone. The recent changes to ICBC's transfer tax rules have hit used car buyers hard, especially here in Victoria and on the Island.
The +900% Trend Explained
Why the sudden spike? Because savvy buyers realized they were overpaying. ICBC often taxes you on the 'average wholesale value' of your car—even if you paid significantly less because of high mileage, rust, or mechanical issues.
The Victoria Reality
Island cars face unique challenges: salt air corrosion and high mileage from up-Island commutes. A generic 'book value' doesn't account for this wear and tear.
- Scenario: You buy a 2015 truck in Langford for 5,000.
- ICBC Book Value: They say it's worth 2,000.
- The Result: You pay 12% tax on 2,000—unless you get an appraisal.
Save the Difference
By getting a licensed appraisal from IC Appraisal BC, you establish the real market value of your specific vehicle. We serve all of Victoria, Saanich, and the Peninsula remotely.
