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Red Book Value New Brunswick !NEW!

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Red Book Value New Brunswick !NEW!

How to Find the Red Book Value of Your Vehicle in New Brunswick

If you are planning to buy or sell a vehicle in New Brunswick, you may want to know its fair value for taxation purposes. The Provincial Vehicle Tax (PVT) is a 15% tax that applies to vehicles acquired through private sales, and it is based on the greatest of the purchase price, the average wholesale value, or the value established by the Provincial Tax Commissioner. However, there are some exceptions and minimum values that you should be aware of.

One of the tools that you can use to determine the average wholesale value of your vehicle is the Canadian Red Book (Red Book), which is a standard valuation guide used by many jurisdictions. The Red Book lists average wholesale values based on the Vehicle Identification Number (VIN) and takes into account a variety of factors that affect the resale values of vehicles. You can access the Red Book online at

To use the Red Book, you need to enter your VIN or select your vehicle type and model. The Red Book will then provide you with a range of values for your vehicle depending on its condition and mileage. You can also adjust the values for optional equipment, regional variations, and market trends.

The Red Book covers 15 years of cars and light trucks, but what if your vehicle is older than that In that case, you can use the last year that your vehicle model or a similar model is listed in the Red Book and then depreciate 10% per year. For example, if your 2005 Honda Civic does not appear in the Red Book, but a 2008 Honda Civic does, you can take the average wholesale value of the 2008 model and multiply it by 0.7 (or 30% depreciation) to get an estimate for your 2005 model.

However, keep in mind that the Red Book value is not necessarily the final word on your vehicle's fair value. The Provincial Tax Commissioner may establish a different value based on other sources of information or market conditions. Also, there are minimum fair values for vehicles depending on their type: $1,000 for motor vehicles and $500 for motorcycles and off-road vehicles.

If you want to learn more about how PVT is calculated and applied in New Brunswick, you can visit or for more information.

Tips for buying or selling a vehicle in New Brunswick

Whether you are buying or selling a vehicle in New Brunswick, you want to make sure you get the best deal possible and avoid any potential problems or disputes. Here are some tips to help you with your transaction:

Do your research. Before you buy or sell a vehicle, check its Red Book value and compare it with other similar vehicles on the market. You can also use online tools such as or to get a vehicle history report, check for liens, and find out if the vehicle has been in any accidents or recalls.

Get everything in writing. When you agree on a price and terms with the buyer or seller, make sure you have a valid bill of sale that includes the date, names and addresses of both parties, vehicle description, VIN, odometer reading, purchase price, and any conditions or warranties. You should also get a receipt for any deposit or payment you make.

Be aware of your rights and responsibilities. When you buy or sell a vehicle in New Brunswick, you have certain rights and responsibilities under the law. For example, if you buy a vehicle from a dealer, you are protected by the Consumer Product Warranty and Liability Act (CPWALA), which gives you the right to seek compensation if the vehicle is defective or does not meet reasonable expectations. However, if you buy a vehicle from a private seller, you do not have this protection and you are responsible for all costs and repairs associated with the vehicle. You should also know that there is no mandatory cooling-off period


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