Used ev Appraisals - we do Teslas too
Currently the transfer of used electric vehicles is PST exempt in the Province of BC. This exemption remains in force until the end of February 2027. So if you are buying a used Telsa Model S and the purchase price is below the $75,000.00 Luxury Tax threshold, your vehicle transfer is tax free as it is exempt from BC's 12% PST on all vehicle transfers.
Now imagine for a moment that you received a very good deal. You bought the vehicle off of a friend who charged you only half of what the vehicle is worth. A transfer tax appraisal by Van Isle Auto Appraisal ensures that ICBC has on record that your purchase price is much lower than the fair market value of your vehicle. That way if your vehicle is destroyed in an accident that is not your fault, our Fin 320 Motor Vehicle Appraisal helps to ensure that ICBC makes you "whole" from your loss.
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