Frequently Asked Questions
Why do I need a certified appraisal?
- Selling a Vehicle: To determine a fair market value and set an appropriate asking price.
- Buying a Vehicle: To ensure the price reflects the car’s actual condition and market value.
- Insurance Purposes: Get the right insurance coverage for your specialty car or motorcycle.
- Financing or Refinancing: Lenders may require an appraisal to determine the loan amount based on the vehicle’s worth.
- Divorce Settlements: To determine asset division fairly.
- Estate Settlements: For probate or inheritance distribution.
- Donation or Charitable Giving: To determine the deductible value when donating a car to a nonprofit.
- Dispute a Total Loss Settlement: To resolve value-related disagreements, such as with insurance companies.
- Tax Purposes: For capital gains reporting or business deductions if the vehicle is used for work.
- Diminished Value: Is the reduction in its market value after it has been damaged and repaired.
- Titles: Many states require a certified appraisal to reissue a title under certain circumstance
How do I choose an appraiser?
✅ Look for:
- Certifications by nationally accredited organization
- Experience with a proven track record
- Detailed sample reports with photos and market data
- Excellent reviews and references
- Acceptance by insurers, banks, or courts
- Clear pricing and turnaround time
🚫 Avoid:
- No credentials
- Vague or one-page reports
- “Guaranteed” high values without inspection
How often do I need an appraisal?
- Classic/collector car fair market value appraisals may be valid for up to 1 year, sometimes longer if the market is stable.
- Lenders typically require certified appraisal predated no greater than 90 days.
How long does it take to get an appraisal?
The process starts with a mobile or virtual inspection of the vehicle. Our experts will give you an accurate report within 7-10 business days.
What type of car do I have, stock and a modified?
A stock car is one that remains as it was built by the manufacturer — with no aftermarket changes or modifications.
Characteristics:
- Factory-original parts (engine, suspension, exhaust, etc.)
- Maintains OEM (Original Equipment Manufacturer) specifications
- May include dealer-installed options, but not owner modifications
A modified car has had changes made to improve performance, aesthetics, or functionality beyond the factory setup.
Common Modifications:
- Engine tuning (e.g., turbochargers, ECU remapping)
- Suspension upgrades (e.g., coil overs, lowering springs)
- Exterior changes (e.g., custom paint, body kits, spoilers)
- Interior upgrades (e.g., racing seats, custom audio)
Exhaust systems or aftermarket wheels
Ready to Get Started?
Whether you need an appraisal, a pre-purchase inspection, or an expert opinion — we’re here to help.