Vehicle appraisals can come in handy in more than one scenario. In fact, you’ll find that the efforts of a reputable auto appraisal company can help in ways you may not have considered before. Here are a few of the situations that can be easier to navigate if you arrange for an appraisal to be done.
Considering the Purchase of Any Type of Used Motor Vehicle
When purchasing a used vehicle, there are not the same warranties and other protections that come with new vehicles. That makes it all the more important to be sure of what you’re buying. The goal is to determine if the car is all it seems to be and if the asking price is within reason.
An appraiser can help on both fronts. The appraisal will include an inspection that may identify issues that you didn’t notice during your test drive or while checking under the hood. With that additional information, it’s possible to determine the value based on condition as well as the make and model. Armed with what you know now, it’s easier to decide if the seller’s price is a good one, or if you should look at some other vehicles.
Obtaining a Figure to Use for Agreed Value Auto Coverage
Perhaps you’re wondering about the type and amount of auto insurance that’s currently in place. Are some changes in order? One way to decide is to find out what the current value of the vehicle happens to be. It may turn out that securing agreed value coverage would be in your best interest.
With this option, you can work with the insurance provider to set a guaranteed value for the vehicle. That will serve as the starting point for any claim that you may need to file in the future. The appraisal itself can serve as a basis for the figure that you’re seeking to lock in for the policy.
Assessing the Value of the Vehicle After an Accident
An accident or other covered event has taken place. Now you need to determine what the value of the vehicle is currently. This is a simple task for an auto appraisal company. The results can tell you if making repairs is worth it, or if the insurance provider’s offer to total the vehicle would be the best solution.
You may find that based on several factors that you want to pursue a diminished value claim with the insurance company. The appraisal will provide the basis for the claim and the amount that you’re seeking.
Thinking About Selling the Vehicle
While the car has served you well, the time has come to replace it with something else. How much can you get for the car if you sell it outright rather than use it as a trade-in? One way to get an idea of how much to ask is by having the car appraised.
Based on the figure provided by the appraisal service, you can seek to sell the vehicle. With a little luck, you’ll receive an offer that matches or is at least close to the amount you want for the vehicle.
There are other reasons to approach an appraisal service and have a car appraised. Call today and set up an appointment. Once you have the appraisal results, it will be easier to put them to good use.