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Insurance:
Protect your investment of time and money.
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What happens if your collector vehicle
is hit by someone insured with a non-collector vehicle insurance
company? At
best, the company will likely want to settle for only Actual Cash
Value for a total loss, or get any repair work done as cheaply as
possible. An appraisal of pre-accident value from a
certified independent appraiser will be invaluable in assuring
proper compensation or repair.
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While its best to
have a vehicle appraised before it's involved in an accident, I can
also help you after an accident by providing you an
appraisal or what the value of the vehicle was worth immediately
before the accident.
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I am available for
court testimony
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Buying a Vehicle:
Protect yourself. Get a pre-purchase appraisal.
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A
pre-purchase appraisal
could protect you against overpaying for a vehicle. Many
"Internet" vehicles I've appraised are not at all what they appeared
to be in the ad content and photographs. Protect yourself. For $249
I will do a comprehensive appraisal including
an extensive visual appraisal plus road test to evaluate mechanical performance
(e.g. engine, transmission, steering, braking, suspension, body
integrity). Click
Pricing
for more options and details. Click
FAQs for a complete description of the appraisal process.
A pre-purchase appraisal could save you the
cost of the appraisal many times over, either by avoiding a bad
investment, or negotiating with the seller to reduce the price to
reflect any deficiencies noted in the appraisal.
If you are considering a vehicle from an
Internet auction -
let me
appraise it BEFORE the auction expires. I can usually perform an
appraisal on short notice and call you with the preliminary
report, so you can make a better educated offer or decision on
whether to buy the vehicle.
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Selling your vehicle?:
Set and get the right
price, avoid “low ballers”.
An appraisal supports your asking price,
reassures buyers of the vehicle's value, and discourages “low ballers.” The appraisal is something of value you can give to your buyer that may help
the buyer
obtain a loan and/or insurance.
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Auctioning your vehicle?:
An appraisal will help you determine a
realistic "reserve" or "starting price."
An appraisal will also support your price and reassure potential buyers
of the vehicle's value. The appraisal is something of value you can give
to your buyer that may help the buyer
obtain a loan and/or insurance.
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Collateral:
Use your vehicle’s value to secure a
loan or increase your “net worth”.
The value of your vehicles can help accurately determine
your net worth for a loan or other purpose. One of my clients even
used my appraisal to obtain a loan to build a garage for the vehicle!
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Donation/Gift:
The IRS requires an appraisal for
certain vehicle
donations.
In 2005 IRS changed the rules. Since then, if you
donates a vehicle to a charity you can only take as a tax
deductible donation the actual amount the charity gets when the
vehicle is sold at auction, which may be substantially
less than the actual value of the vehicle.
However, if you donate the vehicle to a museum, e.g. the AACA
museum, you may claim the APPRAISED value of the vehicle
as a tax deductible donation when a certified appraiser
completes an appraisal and Form 8283, “Noncash Charitable
Contributions” and the museum issues an IRS Form
1098-C indicating “intervening use,” as when they display
a car rather than sell it.
Intervening use could also apply to other charities,
for example, if the charity uses the
vehicle or gives it to a family needing it.
I will complete the
Appraiser portion of the Form 8283 at no charge.
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Estate:
Prevent your heirs from being “ripped off” selling your
vehicles.
When a collectible
vehicle owner passes away, it will typically be up to his/her spouse
or children to dispose of the vehicles and probably some automotive
collectibles.
· Appraisal of
your vehicles helps prevent your estate
from being “ripped off” by unethical buyers or even friends, either
well intentioned or purposeful. An appraisal will set an accurate
value, eliminate haggling at the time of sale, and can be used to
establish loan value and insurance value for the potential buyer.
· An
appraisal will help avoid pain for your spouse or children trying to
sell a car for too low or too high a price.
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An
appraisal will also help avoid family squabbles over the value of an
inheritance.
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Divorce:
Don’t let a court or someone else's
lawyer arbitrarily decide what your vehicle is worth!
Before a meeting of the divorce
attorneys, it’s helpful to have independently certified values
for any vehicles in question.
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Bankruptcy:
Don’t let a court or lawyer arbitrarily
decide what your vehicle is worth!
Bankruptcy courts or your
attorney may want an independent appraisal to determine the
value of your assets. Without an appraisal, the courts may rely
only on NADA or other value sources which may over value or
undervalue the vehicle depending on its condition and the
current market for that vehicle. Protect your interest with my
independent appraisal.
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Substandard restoration or repair, fraud, “lemon law”,
diminished value, claim settlement:
An appraisal can help you win your case!
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Did you pay for a prize winning
restoration or repair work
and
received something far less? An appraisal will be
needed to pursue a legal claim help build your case.
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Diminished value:
Diminished value is
the difference between what your vehicle was worth before an
accident and after the repair.
Even though repairs have been
made properly, the
vehicle can never again be claimed to be “all original” or “never
damaged in accident” and
therefore is diminished in value.
Likewise for repairs done poorly
or not using factory parts - again the
vehicle is
diminished in value.
Lemon Law -
Are you driving a
lemon? I can work with you and your attorney to provide an
independent appraisal of the vehicle's diminished value.
I am a trained, certified appraiser
for diminished value and lemon law claims.
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Lease Termination
To terminate your
lease, does
your leasing agency require an
appraisal of your leased vehicle's current market value?
My appraisal will enable you
provide the full current market value to your leasing agency.
I will provide my credentials to the
agency and the documentation they require.
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