Car dealers not only make profits from selling cars, they also make a profit from their finance departments also called F&I. Dealership F&I departments generate income by selling installement contracts at a premium. For example, Ally Financial offers 4% APR to car buyers with a 730 credit score or higher.
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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