Search thousands of topics on CostHelper.com

BROWSE ALL TOPICS >> appliances babies & children  cars  consumer electronics health & personal care home & garden personal finance  pets  schools small business weddings
CostHelper > Personal Finance  > Taxes & Financial Planning > Car Appraisal

Car Appraisal Cost


How Much Does a Car Appraisal Cost?

 
average costAssessment (Without Inspection): $80-$125high costAppraisal (With Inspection): $100-$500
post E-mail post Post  

A car appraisal is a written estimate of a vehicle's current value based on the appraiser's training and experience and current market trends. A vehicle appraisal is typically done when buying, selling or insuring a classic, antique or custom car; to get a tax value for a charitable donation; when dividing property for an estate or divorce; or when a car owner disputes the amount offered by an insurance company after a car is damaged or totaled in a collision. An increasing number of classic cars are being sold online, with buyers using an appraisal/inspection to evaluate the vehicle before they actually see it.

Typical costs:

  • Car appraisals are available for $100-$500 or more, but a detailed appraisal that includes photos, a thorough inspection and a written report typically costs $175-$350, depending on location, travel time or if the vehicle is brought to the appraiser. For example, Classic Appraisals[1] in Wisconsin charges $175 if a classic car is brought to them or $225 to travel within the Milwaukee metropolitan area for a "bumper to bumper analysis" with several color pictures; body tag or VIN decoding (vehicle identification number, with digits that if correctly interpreted can identify where and when the vehicle was manufactured, and with which factory-issued features); factory production statistics; comparable sales; and general comments. AutoAppraise.com[2] , with appraisers in 48 states, charges $350 plus $65 an hour travel time for a detailed pre-purchase inspection including an initial and final consultation; 80-150 or more photos of the vehicle section-by-section; and written results from a test drive. Diminished Value of Georgia[3] charges $175 in the Atlanta area to appraise a totaled or stolen car and $225 for a diminished value appraisal of a vehicle that has been repaired to pre-accident condition.
  • If the appraiser does not physically inspect the vehicle, the evaluation is technically not an appraisal but an assessment, which can cost $80-$125. For example, Diminished Value of Georgia[4] charges $95 for an assessment based on facts provided by the client and USA Auto Appraisers[5] in Nebraska offers a "simple email auto appraisal" for antique, classic or or custom automobiles for $99.
Related articles: Used Car, Auto Painting, Car Insurance

What should be included:
  • A vehicle appraisal should include the date and location of the inspection, the date of the valuation, a full description of the vehicle, the methods used to establish value, the purpose of the appraisal, a description of the appraiser's qualifications and the appraiser's signature plus any certification or registration marks. TheAutoAppraiser.com in California explains what should be included.
  • Before an appraisal, clean, wash and wax the vehicle and complete all basic maintenance (change oil, add windshield wiper fluid, have a full tank of gas). Do a brief inspection and consider replacing any worn belts, filters or windshield wipers.
Additional costs:
  • If the vehicle appraisal is part of a legal dispute or an insurance claim, having the appraiser provide expert testimony typically costs $200-$300 an hour. For example, Auto Appraisal Network[6] in California charges $250 an hour, with a four-hour minimum.
Discounts:
  • Ask about discounts for seniors, military personnel or others. Diminished Value of Georgia[7] offers a $25 discount for AAA members or military personnel.
  • For a rough estimate, free pricing information is available through sites like NADA Guides[8] , Hemmings[9] , Kelley Blue Book[10] , Edmunds[11] or AutoTrader[12] .
Shopping for a car appraisal:
  • For classic, antique or custom cars, appraisals are typically available at shows or exhibitions, or ask for recommendations from a car club specializing in that particular model or type of car. For insurance valuations, attorneys specializing in car accidents typically have recommendations for auto appraisers.
  • There is no single national organization that certifies auto appraisers, and there are no formal training requirements[13] . Most states do not require vehicle appraisers to be licensed, although a few have licensing requirements for appraisers who assess damages for insurance purposes. For example, appraisers in Pennsylvania must pass the state's Motor Vehicle Physical Damage Appraiser exam; Massachutsetts requires proof that the person worked for a licensed car appraiser and completed an approved appraisal course; Oregon[14] requires two years experience with a licensed appraiser; and Vermont[15] says the applicant must pass a test and be employed by a licensed appraiser. Check with the secretary of state's office about appraiser requirements.
  • Ask about the appraiser's training process and experience, and how and when any certifications were earned or awarded. Classic Auto Appraiser in California lists what to consider[16] when choosing a car appraiser.
post E-mail post Post  
CostHelper News


7 Ways to Stretch Your Reduced Food Budget
End of the year budgets are tight for everyone, especially in this economy.It's especially hard for the millions of Americans who depend on government programs like food stamps to help make ends meet. || Posted November 11 2013


7 Lesser-Known Discounts for the 50+ Crowd
As they age, members of the Baby Boomer generation don't like to admit that they're senior citizens, but they love getting discounts. It's kind of a quandary, because some of the best deals available are reduced prices for older folks. || Posted October 21 2013

‣ All CostHelper Blog Posts


What People Are Paying - Recent Comments


 

Comment On Your Experience With a Car Appraisal
 
Subject:  *
Amount Spent:  *
Vehicle Make, Model: Type of/Reason for Appraisal: 
Appraiser/Firm:   
Comments: 
Purchased:  Year: 
City:  * State:  *
 
Information about you:
Email:  * Email addresses are not displayed.
Name:  This is the name we'll display with your post.
me on this computer
*=required field.
 



External Resources:
  1.  www.classicappraisals.biz/Our-Appraisals.php
  2.  www.autoappraise.com/pre-purchase-auto-inspections.htm
  3.  diminishedvalueofgeorgia.com/auto-appraisal-price-order/
  4.  diminishedvalueofgeorgia.com/auto-appraisal-price-order/
  5.  www.usaautoappraisers.com/
  6.  www.autoappraisalnetwork.com/expert-witness.html
  7.  diminishedvalueofgeorgia.com/auto-appraisal-price-order/
  8.  www.nada.com/
  9.  www.hemmings.com/
  10.  www.kbb.com/
  11.  www.edmunds.com/
  12.  www.autotrader.com/
  13.  www.bls.gov/ooh/Business-and-Financial/Claims-adjusters-appraisers-examiners-and-invest...
  14.  www.oregon.gov/ODOT/DMV/Pages/dealers/abandonedvehapp.aspx
  15.  www.dfr.vermont.gov/insurance/producer-licensing/auto-damage-appraiser-license-info
  16.  www.classicautoappraiser.com/choosing.php
More Personal Finance Topics
Check Out All Costs for Personal Finance How Much Does Closing a Home Cost? How Much Does a Traffic Ticket Attorney Cost? How Much Do Funeral Flowers Cost?

Search Thousands of Topics on CostHelper.com

 
Today's Featured Cost Articles

About CostHelper
CostHelper is based in Silicon Valley and provides consumers with unbiased price information about thousands of goods and services. Our writers are experienced journalists who adhere to our strict editorial ethics policy.

CostHelper Community
Sinus Infections - Steroid shot and sent home
Paid: 2753.00
I woke up having breathing problems. I went to nearby non-hospital THH office. Nurse took blood pressure and temperature. Dr came in the room and spent less than 10 minutes and stated I had sinus infection... [more]
-Bill Moore
Emergency Room Visit Cost
Mold Testing Pacific Palisades, CA
Paid: 800.00
It cost us 800. We were pleased with Knight Environmental consulting who we hired. They were very thorough. Friendly and respectful of our home.They checked everywhere in our 7000ft home and tested the air... [more]
-AMY SCHWARTZ
Mold Inspection Cost
extraction
Paid: 739.00
Had 3 extractions yesterday. The cost was 304.00 each extraction but with some kind of insurance plan you could get 30% off. The plan was 75.00 annually and came at a huge savings on the work as my final cost with the plan was 814... [more]
-Dental mess
Tooth Extraction Cost
McHenry MD - Suburban Propane
Paid: 3300.00
Just got my bill and in 5 weeks we supposedly used 356 gals. Hard to do when you are not there the entire time and you turned the thermostat to 60. They charged $.35 more per gallon then from 5 weeks ago. $3.42 per gallon... [more]
-Check your bill with Suburban
Propane Tank Cost
Laceration from stick
Paid: 25.00
Slipped and fell on a stick while running around on a hill, and recieved 2 lacerations on my right leg, one about an inch long and one about 2 inches long. Called my insurance asap (Kaiser) and they directed me to one of their Urgent Cares... [more]
-
Stitches Cost
Urinalysis was asked of me
Paid: 3920.00
This was supposed to cost $250. Total!$3,675. for a urinalysis. Not mentioned anywhere on ANY search was this required to get a card... [more]
-Nellie28
Medical Marijuana Card Cost