Below is data as collected from Manheim Auctions for the last week of January, 2019. Noteworthy Statistic: A third of all vehicles under $10,000 had prior accidents! Sample Size: 88,491 Vehicles Vehicles Under 100,000 Miles: 70,501 (79.6%) Vehicles Priced Below Market Value: 23,671 (26.7%) Market Value Under $10,000: 31,722 (35.8%)
Would you rather collect 80% of an accurate appraisal or 20% of an inflated one?
Many clients believe that if another appraiser gives them a higher initial estimate, the settlement amount will be equally high. WRONG!
Insurance companies know who the legitimate appraisers are, so don't get caught up in the estimate game. Hire an appraiser based on their credentials and reputation.
Seven things to look for when choosing an appraisal company
Wondering how much your vehicle lost in Value? Click the button to know more.
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