Vehicle value inquiry is often used to check asset standards for the purpose of applying for labor incentives or subscribing to public housing.
Vehicle value can be inquired from a total of 3 inquiry institutions through the Internet. However, since each institution has different calculation standards, you should inquire where it suits your purpose. Let’s take a look at how to check the vehicle value below. 차량가액 조회
What is vehicle value? 좋은뉴스
A value calculated by a government agency based on the market price of a new car and the year it was shipped, and the value of the current vehicle after applying depreciation according to the model year.
Vehicle value is not the sale price, but ‘the value of my car’ calculated by a government agency such as the IRS. The older the car is, the lower the displacement, the lower the value of the car, and the standard amount is calculated differently every year.
In addition to determining insurance premiums, this vehicle value becomes a criterion for determining employment registration tax, housing subscription, and selecting welfare system recipients such as work incentives and basic pension.
Where should I check the vehicle value? What to pay attention to?
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There are three major institutions that can inquire about the vehicle value. All three locations can be viewed easily on the Internet without membership registration or authentication.
Insurance Development Institute (KIDI)
Ministry of Public Administration and Security (National Tax Service Hometax)
car 365
The thing to note here is that you shouldn’t look up the vehicle value anywhere. Even for the same vehicle, there is a slight difference in the calculated result because each agency has different calculation standards. Therefore, it is most accurate to inquire from an institution according to the purpose of inquiry.
Institution and purpose of carang value inquiry?
Calculator Inquiry Purpose
Insurance Development Institute (KIDI)
car insurance policy
Determination of damages in the event of an accident
Subsidy for early scrapping of old diesel vehicles
Selection of recipients of welfare (basic recipients, next-income classes, statutory single-parent families, basic pension, etc.)
SH, LH public sale subscription, national rental housing tenant selection
Ministry of Public Administration and Security (National Tax Service Hometax)
work subsidy
subsidy for children
Criteria for payment of registration tax when acquiring a vehicle
car 365
Understanding the market price when buying and selling used cars
How do I check the standard vehicle price determined by the Minister of Health and Welfare, investigated through the social security information system?
Those who apply for public apartment housing, national rental housing, and welfare systems such as basic pension, livelihood benefit, housing benefit, etc., can check the amount inquired at the Insurance Development Institute.
The official website of the LH Subscription Center provides information on vehicle prices as follows.
First of all, when determining eligibility for public housing, the corporation uses the system of the Social Security Information Service under the Ministry of Health and Welfare to inquire about income and assets.
Among them, in the case of automobile value, the Ministry of Health and Welfare uses the data of the Insurance Development Institute to determine and utilize the standard automobile value, and the Corporation searches for the data targeting residents and can know it through the results.
Source LH Subscription Center
Vehicle value inquiry method
Vehicle price inquiry can be done easily through the Internet. Since each institution has slightly different calculation standards, it is recommended that you inquire at an institution that meets the purpose of inquiry as mentioned above.
KIDI https://www.kidi.or.kr
National Tax Service Home Tax https://www.hometax.go.kr
Car 365 https://www.car365.go.kr
I will guide you through the inquiry method through the Insurance Development Institute (KIDI) and the National Tax Service Home Tax.
Insurance Development Institute Vehicle Value Inquiry Method
KIDI-Homepage- Vehicle Standard Amount- Click
1. Access the KIDI homepage and click ‘Base Vehicle Value’ on the main screen.
Vehicle Standard Amount – Inquiry
2. Enter your vehicle information such as manufacturer, vehicle model, vehicle name and classification. The year of the vehicle can be entered as the first registration year on the vehicle registration certificate. When all information is entered, click Search.
3. You can check the vehicle value with the part marked in yellow in the searched result value. Based on the standard year and month, model year A is applied to vehicles less than 6 months old from the date of vehicle registration, and model year B is applied to vehicles older than 6 months.
Please note that the vehicle price table is an editorial work protected under the copyright law, and if posted without permission, you may be subject to criminal punishment for violating copyright infringement.
How to look up the vehicle value at the National Tax Service Hometax
National Tax Service-Home Tax-Search-Issuance-Click
1. Access the Home Tax website of the National Tax Service through a mobile phone or PC, and click Inquiry/Issuance at the top of Home Tax.
Car-Value inquiry-Click
2. Click ‘Vehicle Value Inquiry’ under Employment Subsidy · Child Subsidy.
Vehicle name-model number-input-after-inquiry
3. Enter the vehicle name or brand name (such as Sonata, Grandeur, etc.) and model number, then click Search. If you own a foreign car, you must write it in English, not Korean, to search.
Vehicle registration card-Vehicle registration number-Type-Year
You can search by entering the car name without the model number, but since there are so many types by vehicle year and trim, it is most accurate to search after entering the model number.
car name-click
6. Click the applicable ‘Vehicle Name’ among the searched vehicle details.
Production Year-Enter-Calculate-Click
7. After selecting ‘Production Year’ in Basics, click Calculate. You can select the year of manufacture by the year next to the vehicle registration form number.
Car-Value-Search result
8. You can check it with the vehicle value (standard value + residual value rate) inquired below. My house car is more than 10 years old, so the value is still low.
📌 Check your car bond refund too!
How to inquire the refund of regional development bonds
The regional development bond refund process will be simplified from March 2022. Previously, you had to visit the bank in person to apply for a refund of regional development bonds. Now, you can search and apply for non-refund of regional development bonds online.
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📌 Life’s first special supply subscription tip! The real winner will be notified in detail.
For the first time in life, the actual winners of special supply conditions will be notified.
Special supply conditions for the first time in life are so picky?! In order to minimize disqualification, the winners of the special supply for the first time in life are summed up, including detailed qualifications, income standards and calculation methods, points to be careful of, and useful tips
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There must have been quite a few people who were frustrated because the subscription notice or welfare recipient selection guide did not clearly indicate how to inquire the vehicle price. I hope you can easily look up the value of your car with the method I’ve told you today.