EVALUATIONS DEFINED

 

 

 

 

Pre-Purchase / Pre-Sale Inspection

 

As the name implies, a comprehensive evaluation for assessing the condition and determining the suitability of a vehicle for purchase, sale or financing, often sight-unseen, over long distances

 

 

 

 

 

 

Market Value Appraisal

 

 

 

The most common type of appraisal, sometimes referred to as Fair Market Value, it represents the current (or historic) market value of an intact vehicle or the  replacement cost of a damaged or stolen vehicle of like kind and quality, less any depreciation.  

 

  

Prior-to-Loss Assessment

           

            Designed to establish, document and record the value of a vehicle prior to an unforeseen loss or to refute an opposing assessment after loss occurs

 

Agreed Value Insurance Coverage

 

For establishing a binding, agreed-upon value (between insured and insurer) for collector car insurance coverage in the event of a total loss 

 

Diminished Value Appraisal

 

To determine the difference in resale value of a vehicle immediately prior to damage occurring and immediately after damage occurred (or after repairs are made).  Often applied to late model luxury autos or  high-end sports cars

 

Additional Services

 

• Damage appraisals

• Estimated salvage bids

• Extensive historical research library

• Private consulting