Total Vehicle Price Inquiry
If you own a car, you often wonder, ‘How much is my car currently valued?’ Even if it’s not just out of curiosity, there are many cases where you need to know the value of a car to evaluate how much assets you have, such as applying for a housing subscription, paying employment registration tax, and signing up for auto insurance.
Vehicle value inquiry can be found simpler than expected in various institutions, but since each institution has different vehicle value evaluations and uses are also different, you should try vehicle value inquiry in a designated institution. In this time, we will look at the vehicle price according to the use. 차량가액 조회
Vehicle price inquiry agency by purpose 좋은뉴스
As I mentioned earlier, there are many institutions in Korea that can check the vehicle value. It can be largely divided into three categories: the Insurance Development Institute, the Ministry of Public Administration and Security, and the Automobile Trade Association.
To put it simply, if the reason for checking the vehicle price is to check the criteria for car insurance contracts and public housing occupancy assets, you can check the vehicle standard price table provided by the Insurance Development Institute.
To check the criteria for payment of labor subsidy, child subsidy, and used car registration tax, check the standard market price adjustment table for buildings and other objects provided by the Ministry of Public Administration and Security. . Simple, right?
Like this, why do I do vehicle price inquiry, that is, institutions are different depending on the purpose. In addition, since the value of my vehicle evaluated by each institution is slightly different, let’s make sure to inquire the vehicle value at the institution designated for the purpose. Next, we will take a closer look at how to look up.
#1 Insurance Development Institute
The Insurance Development Institute (shortcut) announces the vehicle standard price table every quarter.
▣ Purpose of inquiry of vehicle price of Korea Research Institute
Criteria for Calculating Appropriate Insurance Value for Car Insurance Contracts
Criteria for determining the amount of damage in the event of an accident
Criteria for subsidies for early scrapping of old cars
Asset standard among public housing occupancy requirements
As mentioned above, the main use is for automobile insurance contracts, subsidies for scrapping vehicles for old people passing by, and applications for public housing.
▲ If you go through the link, you can select the standard year and month, manufacturer, vehicle model, vehicle name classification, vehicle year, etc. so that you can view the standard vehicle price as above. As of October 2020, I tried to look up the vehicle standard value of the 2018 Genesis G70.2.0T with a Hyundai private car.
※ You can only inquire up to 5 times per day, up to 10 times per month, and up to 20 times per year.
▲ As above, you can easily check the standard value of the vehicle according to each option at a glance.
#2 Ministry of Public Administration and Security
The Ministry of Public Administration and Security (shortcut) provides a car price table through the standard for adjusting the standard market price of buildings and other objects every year.
▣ Ministry of Public Administration and Security Vehicle Value Inquiry Purpose
Asset standards for payment of labor and child subsidies, etc.
Criteria for Payment of Employment Registration Tax for Used Cars
Here, the standard market value (vehicle value) refers to the value determined and announced by the head of a local government as the appropriate value of an object that is not the market value itself, but serves as the standard for tax bases for each tax item, such as acquisition tax and property tax. The calculation method is as follows.
※ Standard market value of vehicle (vehicle value) = Standard price X Remaining value rate by elapsed years
Residual value ratio refers to the ratio of the residual value remaining after depreciation to the base price. Each year, the residual value rate decreases by a certain percentage, and accordingly, the vehicle value also decreases. The 2020 balance sheet for each vehicle is also provided by the Ministry of Public Administration and Security as follows.
▲ You can check the remaining price for each vehicle. For non-commercial passenger cars, the balance ratio is calculated as 0.802 if it is less than 1 year, but it drops to 0.725 in 1 year, 0.614 in 2 years, and 0.518 in 3 years.
In simple terms, it means that the value of a vehicle drops rapidly to 50% of the new car price even after 3 years. The following is the standard price list for each vehicle provided by the Ministry of Public Administration and Security.
▲ You can check the standard price list for each vehicle in 2020. For example, the standard price of the Kia K3 (BD47AB-P-8) is 18.8 million won. Then, if you bought this car and used it for 3 years, how should you check the vehicle value?
▣ 2017 model year K3 (BD47AB-P-8) vehicle value
KRW 18.8 million (standard market price) X 0.510 (3-year balance rate) = KRW 9,588,000
The standard market price is KRW 18.8 million, but since the residual value rate is 0.510 with a useful life of 3 years, KRW 9,588,000, which is 50% of the standard market price, is calculated as the vehicle value.
#3 Auto Trade Union
There are various used car trading companies around us, such as K Car and KB Cha Cha Cha, and these companies calculate used car prices according to their own standards. Therefore, if you have decided on a used car sales company to use, you can check the used car price table set by that company and figure out the average car price according to each year and option.
▲ In order to easily check the used car market prices of these various companies, the civil complaints portal (shortcut) provides a service to inquire the vehicle price as above, but it cannot be used in a 32-bit or higher PC environment, so if an error occurs, each used car You will need to check with the seller separately.
※ You cannot check the mileage and market price for each detailed option on the above site. Most of the options are not included, and the previous month’s vehicle price is based on an average of about 20,000 km.
Vehicle price inquiry using these automobile trading associations is used to estimate the average market price for buying and selling used cars. So far, we have learned about how to check the vehicle value.