Reimbursement of car liability insurance and tax refund
You will receive the refund for the paid car tax and weight tax in accordance with the remaining period.
You will receive the refunds of your paid car liability insurance according to the remaining period.
Car tax
Car tax is a state tax that is levied to the car owners on the 1st of April in every year.
A statement of payment sent in May is usually a prepaid amount of 12 months up to March-April on the current year. In the case of scrapping the car (permanent de-registration), car tax will be refunded the amount of period from next month you scrapped the car to March. Typically the time period of refund will take 1-3 months but we will calculate the amount precisely and pay you in advance. However the light car vehicle tax is different from the car tax and unfortunately the light car which is levied the municipal tax will not be able to receive a refund. Refund amount of the car tax is calculated as "tax you paid for the year divide by 12 months times the number of months remains from the month you scrapped the car, exclude the month you scrapped the car" (rounds down less than 100 yen).
Refund list according to the category of the vehicle
● Passenger Car
* Refund amount will be different for the car with deduction of tax or the exempted cars.
* There are some cars not mentioned in above list like rotary engine car, etc.
* Tax certificate will be necessary when we will pay you the refund tax in advance.
● Cargo car
* Refund amount will be different for the car with deduction of tax or the exempted cars.
* There are some cars not mentioned in above list like rotary engine car, etc.
* Tax certificate will be necessary when we will pay you the refund tax in advance.
Weight Tax
Weight tax is a national tax levied to the vehicle holder at the time of purchasing the vehicle or the motor vehicle inspection.
Weight tax is pre-paid the total amount period till the next time of motor vehicle inspection from the time of your purchase or the vehicle inspection. When you scrap the car (de-registration), the weight tax will be refunded accordance with the remaining period of month counted as a number of month from the date you have cancelled the registration (or the date shown in the recycle system) till the end of vehicle inspection date.
Typically the time period of refund will take 3 to 4 months but we will calculate the cost precisely and pay advance to you. It will be calculated as "Paid weight tax cost / valid car inspection period * remained car inspection period". Validity period of the vehicle inspection date is the length from the previous inspection date to the next inspection date. (For the brand new car, it will be 3years, otherwise 2 years period).
Refund tax list according to the vehicle category
● Passenger car
* Refund amount will be different from the above list for the cars with deduction of tax, exempted cars, registration of more than 13 years and business cars.
● Cargo car
* Refund amount will be different from the above list for the cars with deduction of tax, exempted cars, registration of more than 13 years and business cars.
Mandatory vehicle liability insurance
Mandatory vehicle liability insurance is required for all car holders therefore it is sometimes called the "forced insurance".
Usually it is pre-paid till the next inspection from the time you purchased the car or the previous car inspection. In the case of scrapping the car (de-registration), liability insurance will be refunded from the next month you have cancelled the insurance to the expiration date accordance with insurance company standards of rates.
It will take 1-2weeks to receive the refund from the insurance company but we will not only taking over the procedures and pay advance to you the amount calculated precisely.
* Amount may vary depending on the insurance company, please regarded as a reference value.