Appraisals

Insurance CVA-NM Appraisals are accepted by insurance companies for Diminished Value claims and Fair Market valuations required for Agreed Value policies. Loans Our Appraisals are frequently used by banks, and credit unions as a basis for loans to purchase vehicles. Loan companies also may require collateralization of your cherished possessions for loans, including construction and purchases of real property. Estate Estates liquidating vehicles and Automobilia need to know the values of their family’s possessions before selling them to insure fair market values are set. The IRS may require Appraisals to substantiate values to settle estates. Our Appraisals are accepted by the IRS. Donating or Gifting a vehicle to a museum or a Trust? Another family member? The IRS wants to know if your gift is valued as much as you claim. An Appraisal will confirm your donations’ value. Divorce Attorney’s will frequently require fair market valuation for their clients’ vehicles in order to equitably settle the dissolution of a marriage. Buying and Selling It’s always helpful to know the current value of a vehicle before selling it. You might be surprised. Purchasing a vehicle, either locally or out of town, demands a Pre- Purchase Inspection (PPI) to know what you’re getting. We work frequently with out of town buyers and dealers to insure the car or truck they’re looking at is what they’re paying for. Don’t count on pictures on the Internet to finalize your determination to buy. Sub-Standard Restoration and Fraud It’s not unusual to experience shoddy workmanship during or upon completion of the restoration of your vehicle, or to have unknowingly purchased sub-standard parts that won’t fit or work properly. Occasionally you’re up against the wall in those situations, and need a hand in getting wrong made right. An Appraisal may assist you in getting your money’s worth.