A professional car appraisal is a dollar value assigned to a vehicle after it has been evaluated by a certified automobile appraiser. (A simple explanation: A car is thoroughly examined, and research of sales of similar vehicles, in similar markets, is used to formulate an appraised value.)
Situations that warrant an appraisal:
You are buying or selling a car, especially if it’s a collectible car, and want to know the fair market value. If you’re buying a car, an appraisal can ensure you are paying what it is worth, and it’s also a good negotiation tool if the seller is asking too much. If you’re selling a car, an appraisal can certify the asking price is an accurate valuation, and instill confidence in prospective buyers.
You need a value assigned to a car that is a legal asset in a bankruptcy, divorce or estate.
You are donating a car to charity and want to write off the value of the car on your income tax return.
You are in an accident resulting in damage to your car and you are not the at-fault driver and want to file a diminished value claim. After a car has been in an accident it loses value. Regardless of how well it is repaired, your car is now worth less money. In most states, you are entitled to be compensated for the loss.
We offer certified appraisals to meet all your needs, contact us today for more information.
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