What is a vehicle condition and valuation examination?
Vehicle examination to determine value, repair costs, damage, diminished value and salvage value.
Articles on vehicle condition and valuation examinations
Materials for courts, lawyers, vehicle owners, insurance disputes, repair shops and businesses.
How repair cost is determined
Parts, labor, materials, standard labor hours, painting, hidden damage and methodology.
Vehicle market value: what the expert considers
Make, model, year, mileage, equipment, condition, market and damage history.
Diminished value and salvage value: when they are needed
Loss of value after repairs and usable salvage when restoration is economically impractical.
Documents needed for a vehicle examination
Vehicle passport/registration certificate (PTS/STS), VIN, photos, inspection record, insurer's estimate, repair orders and questions from the court.
Questions to ask a vehicle condition and valuation expert
Examples of appropriate questions for court proceedings, an advocate, a specialist opinion and an expert report review.
Review of a vehicle condition and valuation report
Checking the damage list, prices, standard labor hours, methodology, calculations and conclusions.