ICBC transfer vehicle as gift

[Lomac]

Originally Posted by underscore

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]

Originally Posted by jbsali

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]

Originally Posted by Lomac

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.