Classic Car News & Auto Appraisal Tips
Pre-purchase inspection: Just need someone to kick the tires?
Buying a vehicle long distance and you don't need a full pre-purchase inspection with a 25 page report and 40 photos? If all you need is just someone to kick the tires and confirm that the vehicle is basically as the seller represented it, we can help! We've been kicking tires for over 50 years, and we're good at it! Call/text 786-853-0711 to get your tires kicked!
How much is Diminished Value on a Rolls Royce Cullinan?
Or, to paraphrase: "How long is a piece of string?" As attorneys are know to say, "it depends." Diminished Value is determined by the number of labor hours, structural and non-structural assemblies repaired of replaced and several other factors. Because the replacement parts on high end luxury vehicles are expensive, the Diminished Value may be significantly higher. Have you have been in an accident through no fault of your own? You may be entitled to make a Diminished Value claim. We can help!
Buying online: "It sounds like a great deal!"
Remember the old line - "If something sounds too good to be true, it usually is!" Twice this month we've done pre-purchase inspections on 'deals' for out of state buyers. Upon arrival at the '07 Mercedes, we took one look, called the customer and said "you really don't want an appraisal! Walk away!" The second, a '14 Jaguar XKR was actually pretty good, but had been in an accident and thus suffered Diminished Value somewhere in the $3,000-7,000 range. Nice car, yes! Deal, no! Protect your investment! Get it appraised!
Bankruptcy car appraisal in South Florida
Unfortunately, one of the outcomes of the ongoing COVID-19 pandemic is the increased number of bankruptcies. Trustees, in charge of rounding up all of a debtor's property, are increasingly requiring appraisals of any motor vehicles owned. We have several options to help. For information, call/text 786-853-0711
What's the Diminished Value on a $42k Jaguar F-Type with $11k damage?
Through no fault of the owner, this 2015 Jaguar F-Type was involved in a serious collision requiring over $11,000 in repairs. As a result, it has now suffered 'Diminished Value.' An appraisal determined that the amount of Diminished Value is $4,750, which the owner may now claim against the insurance of the at-fault driver. Whether your accident vehicle has been 'totaled' or repaired, an auto appraisal will help you settle for more $$$$
Collector motorcycle needs agreed value insurance
Nostalgia is an up-to-date re-imagination of the fabled 1934 BMW R7. Collector motorcycles require agreed value insurance coverage, not the stated value coverage that daily riders/drivers have. Protect your investment! Get it appraised! More info on the Nostalgia: https://nmoto.com/
What's your definition of a collector vehicle?
When it comes to defining collector vehicles, apparently it's different strokes for different folks. Miura, Pinto, Veyron, Yugo, Agera, Trabant may indeed all qualify! What's the most uncollectible vehicle you have ever owned, that now is considered a collector? Regardless, Auto Appraisal Network of South Florida appraises them all!
Donating a vehicle to charity in Florida
If you are thinking about donating an RV, motorcycle, boat, light aircraft, or any vehicle, to charity in Florida you will need a Fair Market Value appraisal and a completed IRA Form 8283 - Noncash Charitable Contributions. Auto Appraisal Network can provide you with both. For details, call/text 786-853-0711
Financing older boats in Florida
Buying an older boat in Florida? If you are planning to finance, chances are that your lending institute will require a Fair Market Value appraisal for financing purposes. Although our name implies we appraise only autos, we also appraise boats, trucks, RVs, motorcycles, and light aircraft. Call/text 786-853-0711
Wrecked Motorcycle in Florida
Because of its relative vulnerability and fragility, a motorcycle that has been in an accident has a high probability that it will be 'totaled', or declared a total loss, rather than being repaired. Be aware of the 'Appraisal Clause' in your policy, and do not accept the insurance company's below fair market value settlement offer. Protect your investment! Get it appraised! Call/text 786-853-0711 for information.