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-   -   ICBC transfer vehicle as gift (https://www.revscene.net/forums/661495-icbc-transfer-vehicle-gift.html)

Lomac 01-19-2012 11:30 PM
Quote:
Originally Posted by underscore (Post 7768180)
I paid well under value, and ticked off the little box but I never had to fill out anything extra (this was back in March 2011). However the insurance guy also though I still needed a Canadian VIN so...
This was on a Japanese import, I take it?

1exotic 01-19-2012 11:39 PM
Quote:
Originally Posted by jbsali (Post 7765641)
by claiming it as a gift to save on tax, it will decrease the overall value of the vehicle incase of write off, etc
As already posted, If a car is written off, ICBC gives you the estimate based on the the market value of similar cars for sale..... not how much you paid for your car. Speaking from experience..

underscore 01-20-2012 12:23 PM
Quote:
Originally Posted by Lomac (Post 7768246)
This was on a Japanese import, I take it?
Yes, the previous owner bought it from the importer in 2007 and drove on the JDM VIN til I bought it last spring, I still have the JDM VIN.


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