Free Prince Edward Island As-Is Bill of Sale
PEI's seller-must-inspect rule collides with as-is selling the same way Queensland's does in Australia: a road-legal private sale requires an MVI in the seller's name, so a true as-is-no-inspection deal means plates and sticker come off, "SOLD NOT INSPECTED" goes on the permit, and the vehicle moves as a non-runner or project — trailer transport, registration deferred until the buyer funds the inspection. State which deal it is on the receipt. On the tax side PEI charges 15% Retail Sales Tax (RST) on the greater of the price or the Red Book value, so a low as-is price needs a written appraisal to lower the tax. Island diligence (rust, PPSA, bridge-crossing history) completes the picture.
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Prince Edward Island As-Is Bill of Sale — What You Need to Know
Tax Details
PEI's 15% Retail Sales Tax (RST) is charged on the greater of the price or the Red Book value, so an as-is discount only lowers the tax when a written appraisal dated within 90 days backs up the lower value.
Exemption: As-is condition never affects the family rule — with the sworn family-transfer statement, a qualifying relative pays tax only on the price actually paid, whatever the condition.
Inspection Requirements
As-is collides with PEI's MVI wall: no valid inspection sticker, no registration — full stop. An as-is car that cannot pass must be sold with plates and sticker removed and "SOLD NOT INSPECTED" written on the registration permit.
Prince Edward Island As-Is Sale — Step-by-Step Checklist
- Name the deal: MVI supplied (road-legal sale) or as-is project sale without one (buyer transports and inspects later).
- Write the defects list and the honest price — and get a written appraisal if the book value overstates the car.
- Buyer of a no-MVI vehicle: arrange transport; it isn't road-legal until the inspection passes.
- Run the PPSA search; CARFAX bridge-crossing stock.
- Complete the transfer at Access PEI within 7 days.
Common Pitfalls
- Selling as-is without marking the permit — an uninspected sale needs plates and sticker removed and "SOLD NOT INSPECTED" written on the permit, or the seller faces a $100–$500 fine.
- A buyer driving home a no-MVI purchase — it isn't road-legal yet.
- Fantasy declarations — PEI taxes the Red Book value when it is higher than the price.
- Concealing rust on an island vehicle — the MVI or the buyer's mechanic finds it anyway.
Pro Tip
PEI as-is: the MVI line decides everything — supplied means road-legal, absent means project sale, and the receipt must say which.