FIN 320 appraisals · BC private-sale vehicles
When you register a privately bought vehicle, ICBC collects PST on the higher of your purchase price or the Canadian Black Book average wholesale value. If high kilometres, damage or mechanical problems make your vehicle worth less, a signed FIN 320 Motor Vehicle Appraisal can lower the value you're taxed on.
Example
Up to $456 less PST
An example only. Your result depends on your vehicle's real condition.
Two ways to use it
Get your FIN 320 appraisal first, then take it to any Autoplan broker when you register and insure the vehicle. PST is worked out on the appraised value (or your purchase price, if that's higher) right then.
Already registered and paid PST on the Black Book value? We send you the FIN 320 and the FIN 355/MV refund application. Sign and send both to the province within 30 days of registering, and they refund the difference.
How it works
VIN, kilometres, what you paid, and anything wrong with it.
The outside, inside, odometer, and close-ups of damage, rust or warning lights.
One flat fee of $70, paid by card through Stripe.
A completed, signed BC Motor Vehicle Appraisal form (FIN 320), emailed to you as a PDF.
Savings calculator
Enter the Black Book value on your ICBC estimate and what you paid. This shows the most you could save with a FIN 320 appraisal. Tax is never charged on less than your purchase price, and the appraised value depends on the vehicle's real condition.
Open the full calculatorBC PST on private sales: 12% for passenger vehicles under $125,000 and 20% at $125,000 or more. Most non-passenger vehicles are 12% at any price. Source: BC Bulletin PST 308.
Is it worth it?
Well above average for its age. Black Book's average wholesale value assumes average kilometres.
Engine, transmission, warning lights, or repairs a mechanic has quoted.
Dents, scrapes, cracked glass, rust on rockers or wheel wells.
Previous claims, a rebuilt status, or frame repairs that lower resale value.
Tears, stains, smells, broken trim or controls that don't work.
Upcoming maintenance a buyer would subtract from the price.
If you paid Black Book value or more, an appraisal won't lower your PST. Save your money.
Common questions
The FIN 320 is BC's official Motor Vehicle Appraisal form for PST. It must be completed by a registered dealer or a professional appraiser, and it's what we send you. More about the FIN 320.
Yes. BC's PST rules allow a vehicle appraisal from a registered dealer or a professional appraiser. If the appraised value and your purchase price are both below the Black Book average wholesale value, PST is charged on the higher of those two.
No. Everything is done from your details and photos. We may ask for more photos if we need them.
Usually not. You can apply for a refund within 30 days of registering. See After registering.
Get your signed FIN 320 appraisal online. It takes about 10 minutes, so have your VIN, odometer reading and photos ready.