Appraisals key to smart car buying

Appraisals key to smart car buying

Appraisals key to smart car buying

APPRAISING APPRAISALS

We all know buying a used car can be a daunting experience. With so many factors involved in the use and maintenance of a car how do any of us really know what we are getting? It may look and even run great, but what is the real story about the car? When a vehicle is offered by a Dealership or at Auction or even by a third party and you have no opportunity to talk to a former owner or the previous owners mechanic how can you be sure you are getting what is stated and what you are paying for?

The best way to assure the vehicle you have chosen to buy is a sound car and a sound investment is to hire an independent appraiser.

An appraiser can conduct site inspections of dealer vehicles, auto auction vehicles and most importantly, vehicles being sold by individuals. The simple process of hiring an appraiser is the easiest way to quickly determine if you are getting a good deal.

The process is simple, good for your pocket book and great for your peace of mind! Contact an automotive appraiser- one who is objective and independent. Make sure they let you know what will be included in their report. Hire an automotive appraiser who charges a flat fee.

What the appraisal covers:

An appraiser conducting the detailed inspection of the vehicle should cover all the basis. Each appraisal report will give an overall grade to the vehicle as well as itemized details about the interior and exterior of the vehicle. They will inspect the vehicle for obvious signs of wear and damage but also check for any signs that may not be obvious to an untrained eye.

A general vehicle inspection includes:Damage inspection, paint , body and glass, frame and under-body, Engine and transmission, tires .wheels, brakes , interior and upholstery as well as the computer of the vehicle. This specialized inspection should identify codes and issues not readily apparent.

The appraiser also conducts test drives to assess warning signs that are found through vibrations, road noise or handling problems. Along with a physical inspection and test drive, make sure a complete vehicle history is included in the appraisal. With the VIN (Vehicle Identification Number), the appraisal can include a complete history of the cars title, previous owners, past accidents or incidents. This will give you a better picture of the past ownership and care of the car. If the car you are buying looks perfect and seems like a great deal but has a "Salvage Title" it means it may have been rebuilt after a major accident.

The appraiser should be able to discuss their findings and provide you with a full written report. If you are financing the car, you may need copies of the report for your bank or Lender.

The seller has no legal obligation to disclose all the facts about a used car. It is up to the buyer to do the research and get the facts. The best way to get the history, details and facts about a car is before you buy it! The best way to assure you have the facts you need is to hire an independent, professional appraiser to give you the straight story.

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