Classic and collector vehicle appraisal
A classic or collector appraisal is $249 plus tax. It costs more than a standard appraisal because the work is different: a collector vehicle is valued on originality, documentation and condition rather than on mileage and model year, and the evidence file has to carry the argument.
Price and scope
| Classic and collector vehicle appraisal | $249.00 plus 5% GST and 7% PST |
|---|---|
| Rush handling, optional | $50.00 plus 5% GST and 7% PST |
| Turnaround | Scoped on receipt. A well documented collector file is normally returned within two business days of acceptance. |
| How it is prepared | Remotely, from photographs and documents. No physical inspection. |
| Area served | All of British Columbia |
Why does a collector appraisal cost more?
Because a valuation guide built on the volume market does not have a clean match for a specific car with a specific history. The value turns on originality, matching numbers, restoration quality, documentation and the market for that model, and every one of those has to be evidenced rather than assumed.
What documentation actually moves the value?
Build sheets, restoration invoices, ownership history, matching numbers evidence, judging sheets and period documentation. Photographs of the engine bay, the undercarriage and the data plates matter more here than on an ordinary used car, because they are what a reviewer checks first.
Can you appraise a project or an unfinished restoration?
Yes, and the report says plainly what state the vehicle was in. An unfinished car is worth what an unfinished car is worth, and a report that implies otherwise is worth nothing to you.
What you need to supply
Photographs of the vehicle, and the documents below. If you cannot photograph the vehicle, say so on the form and supply substitute evidence instead. A report that rests on the wrong car is worth less than no report.
Photographs
- VIN plate
- Odometer with the VIN in the same frame
- Front three quarter and rear three quarter
- Both sides
- Interior, front and rear
- Engine bay
- All four tires, showing tread
- Any damage
- Engine bay in detail
- Undercarriage
- Data plates and identification tags
Documents
- Restoration invoices
- Ownership history
- Any prior appraisal
If the vehicle cannot be photographed
- Prior photographs or video, with dates
- A vehicle history report
- Service records
- A prior appraisal or insurance documents
- Registration
- Prior listings
- Bill of sale or auction record
- Claims history
- A written statement of who observed the vehicle and when
How this appraisal is prepared
This is a remote, desktop appraisal. No physical inspection is performed. The opinion of value is developed from photographs, documents, vehicle history data, market comparables and the information you provide. Its accuracy depends on the completeness and truthfulness of the materials supplied.
This report is an opinion of value for the purpose you state on the form. It is not an authentication, not a certification of originality, and not a mechanical inspection.
IC Appraisal BC is an independent appraiser and is not affiliated with any institute or regulator, with ICBC, or with the BC Ministry of Finance.
No refund or settlement guarantee attaches to this service.
Classic and collector vehicle appraisal FAQ
Is this accepted for collector insurance?
Insurers set their own requirements. Tell us on the form which insurer and which value definition they want, and the report is written to that definition. We cannot guarantee any particular insurer accepts it.
Do you authenticate matching numbers?
No. We report the documentation and photographs you supply and what they show. Authentication is a different service performed by a marque specialist in person.
Key facts, sources and verification
- Form
- FIN 320, Motor Vehicle Appraisal Form
- Governing legislation
- Provincial Sales Tax Act (British Columbia)
- Value reported
- Expected retail value on a private sale. The form states the appraised value is not a trade in figure.
- Valuation source
- Canadian Black Book
- Who may complete it
- A registered motor dealer, an equivalent business in another jurisdiction, or a person whose business it is to appraise motor vehicles
- Area served
- All of British Columbia, handled remotely
- Provider
- IC Appraisal BC
- Service
- Classic and collector vehicle appraisal
- Price
- $249.00 plus 5% GST and 7% PST
- Rush handling
- Optional, $50.00 plus tax
- Inspection type
- Remote. No physical inspection is performed, and the report states this.
Quick answers
- Who is allowed to complete a FIN-320 in British Columbia?
- The FIN 320 form states it must be completed by a motor dealer registered under the BC Motor Dealer Act, a person authorized to carry on a similar business in another jurisdiction, or "a person whose business it is to appraise motor vehicles." Bulletin PST 308 repeats the same requirement. IC Appraisal BC qualifies under the third category, and the appraiser signs the Part 5 certification on every form.
- How does BC decide how much PST you pay on a private vehicle sale?
- PST is charged on the greater of the purchase price or the average wholesale value, which Bulletin PST 308 defines as the Canadian Black Book value. If you believe the vehicle is worth less than that, you may provide a completed FIN 320. The bulletin then says that where the appraised value and the purchase price are both below the average wholesale value, PST is calculated on the greater of the appraised value and the purchase price.
- What value does a FIN-320 actually report?
- Retail value, not a trade in figure. The form itself carries the note that the appraised value "is NOT intended to be trade-in value but represents the expected retail value when a motor vehicle is sold privately." This is the single most common misunderstanding, and quoting a trade-in figure on a FIN 320 is a defect in the form.
- What is the difference between a FIN-320 and a FIN-355MV?
- The FIN 320 is the appraisal; the FIN 355/MV is the refund application. You present a FIN 320 when you register the vehicle to have PST charged on the appraised value in the first place. If PST has already been paid, the FIN 320 instead becomes an attachment to a FIN 355/MV refund claim, which the Ministry of Finance must receive within 30 days of the registration date.
- Can the seller get the appraisal, or does it have to be the buyer?
- Either. Bulletin PST 308 states that appraisals "may be obtained by the purchaser or seller of the motor vehicle." In practice the buyer usually orders it, because the buyer is the one paying the PST.
Sources
The statements above are drawn from the following primary documents. Each was checked against the source on the verification date below.
- FIN 320, Motor Vehicle Appraisal Form (BC Ministry of Finance)
- Bulletin PST 308, PST on Vehicles (BC Ministry of Finance)
- Notice 2022-005, PST on Motor Vehicles Purchased at Private Sales or Imported from Outside Canada
- FIN 355/MV, Application for Refund of PST Paid on a Motor Vehicle
Appraisals are prepared using Canadian Black Book, the same source ICBC and the Ministry of Finance rely on.
Verified against the source documents on .
This page is general information about British Columbia vehicle appraisal and PST, not legal or tax advice. PST is assessed by the BC Ministry of Finance and registration is handled by ICBC and Autoplan brokers, so the amount of tax owing or refunded on any particular vehicle is determined by them, not by the appraiser. Figures quoted from government publications were verified against the source documents on the date shown.