Key Facts
• Inheritance of kei cars involves simpler procedures than regular cars.
• Ownership transfer is handled by the Light Motor Vehicle Inspection Organization.
• No need for inheritance division agreements for kei car transfers.
• Tax notifications post-transfer are sent to the inheritor.
• Insurance grade (“NCD”) can be inherited, reducing premiums if the deceased had a no-accident history.
• Grades of 7 or higher offer significant insurance discounts.
• Eligible inheritors include spouses, cohabiting relatives (up to 6th degree), and in-laws (up to 3rd degree).
• For scrapping vehicles, a “Permanent Deregistration” process is required.
• Scrapping involves dismantling the car, obtaining a “Relocation Report Number,” and submitting documents to the Transport Bureau.
• Vehicle weight tax refunds may apply during the scrapping process.
Summary
Inheriting a parent’s kei car is a straightforward process managed by the Light Motor Vehicle Inspection Organization, requiring fewer documents than regular cars. However, inheritors should not overlook the opportunity to transfer the deceased’s insurance grade, especially if they had a no-accident history, as this can significantly reduce premiums. Eligible inheritors include spouses, cohabiting relatives, and in-laws. For those opting to scrap the vehicle, a “Permanent Deregistration” process is necessary, involving dismantling the car and submitting specific documents to the Transport Bureau. Additionally, a vehicle weight tax refund may be available. Proper handling of these steps ensures financial benefits and compliance with regulations.
