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What is Book Value and What Sources Are Used in a Certified Auto Appraisal

Pinnacle Auto Appraisers
Posted by Pinnacle Auto Appraisers
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on Wednesday, 25 January 2012 in Appraiser & Auto Industry News

What is Book Value?

Book value is a guide for someone to use when determining the value of their vehicle.  Whether it be for resale or an insurance claim, book value generally shows whole sale, trade-in and retail values for a particular vehicle.  Some guides will even offer options that will increase the value of your vehicle.

What sources are used in a Certified Auto Appraisal?

The most recognized source for Book Value is NADA.  NADA stands for National Automobile Dealers Association.  NADA will show you values from whole sale to retail.  Black Book USA is also a recognized book value.   Always speak with your representative to see which book value is used before performing your research on the value of your vehicle.

 

www.nada.com

www.blackbookusa.com

 

 

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Tags: appraisal, auto, black, book, certified, nada, usa, value

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Free Evaluation:

If you are looking to increase your insurance coverage on your vehicle, the insurance company may require you to obtain a certified auto appraisal.   If you have a custom car, truck or motorcycle, the insurance company won't pay you more than book value. Get a stated value appraisal to cover money spent customizing your vehicle.  Have a collector or exotic vehicle?  Book value does not justify the vehicle value  In case you are in an accident, have a certified auto appraisal done.  Contact us today for a Free Evaluation!

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Accident:

If you were involved in an accident and the insurance company deemed your vehicle a total loss, we can help.  If you don't agree with the insurance company's offer, you have the right to hire an independent certified appraiser to determine the actual cash value of your vehicle.  Our certified appraiser will go to the vehicle location, conduct the inspection and complete a certified total loss appraisal on your vehicle.  Total loss claims do require a negotation phase which we will take care of for you at no additional charge!

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