It is necessary to check the value of the car before subscribing to the apartment. In addition to qualifications for residents of public housing, separate requirements for assets such as real estate (buildings and land) and automobiles are required. Today, let’s find out what the car value is, how to view it, and where to use it.
How to inquire car value (vehicle value)
How to inquire car value (vehicle value)
Check car value
1. What is car value (vehicle value)? Published price that presents the price of a car as a standard
2. Vehicle value required when subscribing to an apartment: The criteria for calculating the vehicle value, such as property, are required.
3. Vehicle Value Confirmation Act: Confirmation from the vehicle standard value set by the Minister of Health and Welfare 차량가액 조회
4. Websites to check car value: Insurance Development Institute, Bokbokro, Hometax
* When subscribing to an apartment, data from the Insurance Development Institute is required 좋은뉴스
What is car value (vehicle value)?
Vehicle value refers to the current value of the vehicle. It is different from the sale price. The older it is, the lower the engine displacement, the lower the value of the car. Just like the market price of land or houses, you can think of it as the publicly announced land price of a car because it is for taxing cars.
Check the car value when subscribing to an apartment
Among the occupancy qualifications for public housing, real estate and automobile value calculation standards are applied. In the case of public sales, the automobile value standard is applied. For example, in the case of the 3rd phase new town, the standard that allows the value of a car up to KRW 27.64 million is applied, the same as general public sales.
√ Based on car value
– Not more than the amount calculated by multiplying 28 million won by the previous year’s consumer price index announced by the National Statistical Office as of 2010
How to check car value
The value of a vehicle can be confirmed in the “standard value of a vehicle determined by the Minister of Health and Welfare”. The surest way for an individual applicant to apply for confirmation is to inquire at the agency in charge of selling apartments.
In addition, you can check the vehicle value at Insurance Development Institute-Notification Square-Vehicle Standard Value.
car value check site
The websites where you can check the car value are Insurance Development Institute, Welfare Road, and Hometax. The data for Insurance Development Institute and Welfare Road are the same. The Insurance Development Institute does not provide car prices for all types of vehicles. For vehicles that cannot be inquired, the amount calculated by depreciating 10% every year according to the number of years that have elapsed from the initial registration date or the previous registration date is used based on the acquisition price, which is the standard taxable amount at the time of vehicle registration.
Although these three sites have different purposes for car prices, there is no big difference. However, it is important that the agency submitting the vehicle value submits the desired data. Be sure to check and submit the materials requested by the institution you are submitting.
Insurance Development Institute Welfare Hometax
○ Car Insurance
○ Accident damage amount
○ Moving into public national housing
○ Subsidy for early scrapping of old diesel vehicles ○ Basic pension
○ Disabled Pension
○ National basic livelihood security ○ Labor subsidy payment
○ Subsidy for children
○ Payment of employment registration tax
1. Insurance Development Institute
You can search the vehicle value after entering 6 details under the vehicle standard value.
Inquire vehicle value at Insurance Development Institute
2. Welfare Road
In Welfare Road, you can check the vehicle value after clicking Basic Pension in Simulation Calculation in the Welfare Service tab.
3. Home Tax
In the case of the National Tax Service Home Tax, you can check the value of a car because it uses the vehicle value standard for the payment of labor incentives, child incentives, and vehicle registration tax.
In the home tax inquiry/issuance screen, you can search the vehicle value by entering the vehicle name and vehicle registration number after executing ‘Passenger Value Inquiry’ in the Employment Subsidy, Child Subsidy tab.
Things to note when signing up for car insurance online
Handicapped parking permit, handicapped parking area available
Criteria for stopping right turns at crosswalks
Kia Motors new car price comparison site
Wrap-up
So far, we have looked at how to check the vehicle value. There are several websites such as Insurance Development Institute, Home Tax, Bok-ro, and Automobile Dealership Association to inquire vehicle value, but the purpose of inquiry is different, so please use it according to your purpose