If you\u2019re thinking of buying a used car in BC but you\u2019re not sure where to start, read our guide on buying a used car in this province to make the process as seamless as possible.<\/p>
The process of buying a used car varies by province. Here are the steps you\u2019ll need to take in BC:<\/p>
To complete the process, take these documents with the seller to an Autoplan broker. The transfer\/tax form is only valid within 10 days of the sale. An Autoplan broker is a licensed ICBC professional who provides services like vehicle registration and insurance.<\/p>
If you buy a used car from a private seller in BC, 12% PST<\/strong> applies if you paid less than $125,000 for the car. If the purchase price was above $125,000 and below $150,000, 15% PST<\/strong> applies, and if the price was $150,000 and over, it\u2019s 20% PST<\/strong>.<\/p> You must pay BC used car tax when one of these occurs (whichever is earliest):<\/p> You do not pay GST for a private sale.<\/p> If you buy a used car from a dealer in BC, below is the PST breakdown. This is in addition to 5% GST<\/strong>.<\/p> PST applies on the price before a trade-in deduction or down payment.<\/p> When you visit the Autoplan broker, bring the original vehicle registration from the seller and the completed transfer\/tax form. If you already paid the PST, bring proof of payment. Otherwise, have the money ready to pay for PST.<\/p>BC used car tax if you buy from a dealer<\/h4>
Registering your used car in BC<\/h4>
Compare used car loans in BC<\/h3>