A car appraisal is an excellent tool that can help you if you are getting certain types of insurance, if you plan to sell your car, if you plan to buy a car or if you simply want to know the value of your current vehicle for future purposes. The best way to get a car appraisal is through a professional company that offers specialized appraisal services. If you want to know how to find a good auto appraisal company, consider the following guide on how to find a company that will meet your needs.
What is a car appraisal?
A car appraisal is an evaluation which is meant to determine the overall value of your car. Car appraisals may be done for several reasons, including but not limited to: needing an appraised value during negotiations for agreed upon value insurance; needing an appraised value before selling the car on the market; or needing an appraised value before considering selling to a dealership.
A car appraisal can be done in several key ways, including:
- An unofficial appraisal based on information found in published guide books
- An unofficial appraisal based on information provided to an online tool
- A dealership that offers appraisal services when buying used cars from individuals
- A third party company that specializes in offering appraisal services
As a general rule of thumb, most people should use a car appraisal company that specializes in appraisal services if they want to get the most accurate and fair appraisal assessment.
What factors does a car appraisal look at?
A car appraisal will take a closer look at many different factors. These factors are the most important when it comes to determining a car’s value. Some of the most notable factors that will be covered during a car appraisal include:
- The car’s make, model and year
- The mileage on the car
- The mechanical and functional condition of the car
- The cosmetic appearance of the car
- The car’s past history regarding accidents, flooding or fire damage
Although there are more nuanced details that need to be covered during an appraisal, the above factors are the ones that have the most significant impact on the final appraised value of a car
How do I find the right auto appraisal company?
There are many different auto appraisal companies out there today, thanks to the increased demand in receiving appraisals from a more neutral third party company. Finding the right company may take a bit of research, but it is well worth the time to find a company that is professional, highly reviewed and can meet your needs. Before you choose a company, ask yourself the following questions:
- How many years have they provided specialized appraisal services?
- Do they have a flat appraisal fee?
- What are their credentials that will back up my appraisal?
- Does their appraisal take the important details into account?
With the above information and questions in mind, you will be much more informed during your search for the right car appraisal company.
