Appraisal Report
Your Car
2 Door, Roadster
Prepared for:
John H Doe
A PROFESSIONAL VALUATION SERVICE FOR ALL
TYPES OF COLLECTOR VEHICLES
Rick
111 S. Avenida Del Oro
Pueblo, CO 81007
(626)826-8073
Appraisal Report: Your Car
To Whom It May Concern:
In compliance with the recent request we have appraised the above referenced vehicle.
We have enclosed the limited appraisal report that constitutes our analysis and conclusion of the research completed on this vehicle.
The fair market value of this vehicle, as of the date of the appraisal is:
$18,500.00
Thank you for your business. If you should have any further questions please do not hesitate to call.
Sincerely
Carl E Seay
SEAY
Purpose and Scope of Report:
Purpose
The purpose of this document is to report to the customer the appraiser’s opinion of the overall condition of the subject vehicle.
Fair Market Value
The Fair Market Value of the vehicle is the highest price on the date of valuation that would be agreed to by a seller, being willing to sell, and a buyer, being willing to buy, and under no particular necessity for so doing, each dealing with the others full knowledge of all the uses and purposes for which the property is reasonable, adaptable and available.
Method of Valuation
The value is estimated by current market data comparison, supplemented by cost information. The vehicle is compared, when possible, with other vehicles currently for sale or that have been sold in the general time period of the appraisal. Adjustments are made for differences in equipment, mileage, cosmetics, conversions, originality, overall condition, and current market conditions.
Assumptions and Limiting Conditions
Information including, vehicle identification numbers, serial numbers, engine numbers, engine size, component serial numbers, color codes, paint codes, trim codes, component stampings, door tags, fender tags, cowl tags, date codes, badges, emblems, owner history and mileage information provided by the owners or parties to sell or others, or displayed on the appraised vehicle or components are assumed to be reliable, correct and truthful, as accuracy is not checked or guaranteed for originality or authenticity.
Although SEAY does extensive research, we do not have direct access to specific manufacturer’s records, log books, files, computer data bases or other non published information.
Unless the client particularly asks for this in writing, and agrees to absorb any additional cost in obtaining, no such effort will be made in contacting manufacturers, automotive groups, clubs, historians, etc. in order to acquire such information
Identification and Description of Vehicle:
This narrative is an attempt to determine Fair Market Value of the vehicle.
REPORT DATE: 11-12-2011
VEHICLE IDENTIFICATION
VEHCILE MAKE Your Car
MODEL YEAR
BODY STYLE
VIN
LICENSE NUMBER
EXPIRATION DATE
OTHER ID (if applicable)
VEHICLE DESCRIPTION
EXTERIOR COLOR
INTERIOR COLOR
EQUIPMENT (see options page)
VEHICLE OPTIONS:
CONDITION AT TIME OF APPRAISAL:
EXTERIOR
POOR
FAIR
AVERAGE
GOOD
VERY GOOD
EXCELLENT
BODY
PAINT
TRIM
EMBLEMS
F. BUMPER
R. BUMPER
TOP
POOR
FAIR
AVERAGE
GOOD
VERY GOOD
EXCELLENT
FRAME
UNDERSIDE
WHEELS
TIRES
SUSPESION
EXHAUST
LIGHTS
MECHANICAL NOTES:
INTERIOR
POOR
FAIR
AVERAGE
GOOD
VERY GOOD
EXCELLENT
DASH
INST. PAN.
COLUMN
F. SEATS
R SEATS
DOOR PNLS
TRIM
POOR
FAIR
AVERAGE
GOOD
VERY GOOD
EXCELLENT
CONSOLE
CARPETS
REAR SHELF
HEADLINER
STR. WHEEL
ENG. COMP.
TRUNK
ADDITIONAL NOTES
NARRATIVE
DEFINITIONS OF RATING CONDITIONS:
EXCELLENT:
The vehicle is in nearly perfect condition. The vehicle usually has been professionally restored to the highest standards. Although a few exceptionally well cared for original cars may qualify for this category. All components are original or an exact replacement. Most cars in this category are not driven more than a few miles per year, if at all.
GOOD:
Very nice overall condition. In fact, most casual observers would describe the vehicle as “excellent”. Good cars show very little wear and are driven sparingly. Many of these cars are just weekend drivers and are typically always garaged. Many older professional restorations fall into this category.
FAIR:
Presentable condition. Runs and drives and will pass a state safety and emissions inspection. May be a daily driver. Generally these cars are in need of some cosmetic restoration. These cars may have a replacement motor that may not be a direct replacement for the car. The car may also have non original parts. Must casual observers would consider the car the be in good condition.
POOR:
The vehicle is in need of restoration. It may run and drive but it has mechanical issues, those issues maybe extensive.
COMPARIBLE VEHICLE(S):
DECLARATIONS:
The undersigned hereby declares that:
• A physical inspection of the stated vehicle was actually performed.
• There is no undisclosed personal interest, presently or contemplated in the future, in the vehicle or the proceeds to be derived there from.
• Neither the employment nor the compensation for this report is contingent upon the value estimated herein.
• To the best of my knowledge, as noted under ‘Appraisal Provisions and Stipulations’ the statements in this report are correct and the opinions stated are based on a full and fair consideration of all the available facts.
• The findings reported herein will not be revealed to anyone other than the named recipient without permission or until required to do so by due process of law.
• A copy of this report will be kept in our files for a period of 6 months.
• The fee for this report is not contingent upon value or condition of the vehicle.
• No investigation of legal title to the vehicle has been made and owners or tenant’s claim to the property has been assumed to be valid. No consideration has been given to liens or encumbrances that may be against the property except as specifically stated in the report.
• In the event that our expertise is needed in any action, such as but not limited to court action, contact with a public agency, or involvement in any arbitration process (appraisal clause hearing), it will first require the consent of the appraiser. Should our appraiser/inspector be required to appear in connection with this report document, an additional minimum fee of $650 (Six hundred fifty dollars) will be charged and is due prior to service.
• Any required umpire fee is also due prior to any arbitration hearing. Due to the complex nature of this service and the number of parties involved, our appraiser does not accept responsibility for any delays incurred. For any travel greater than 25 miles from our office location, separate and additional fees will be charged for and rental car, airfare, lodging and additional travel expenses.
• Additionally consultants, negotiations or other time related activities incurred in lieu of an appearance will be billed by SEAY at the $150.00 (one hundred fifty dollars) per hour fee. Court time will be billed at this rate with a 4 hour minimum.
• SEAY will not under any circumstances be liable for any damages whatsoever, including any special, indirect, incidental, consequential or exemplary damages resulting from the use or misuse of this report, due to any cause, even if SEAY has been advised of the possibility of such damages. In any event, SEAY’s total liability to you for all damages (Whether based on contract, torte or other theories) will be limited to the amount you actually paid for this service.
APPRAISAL PROVISIONS AND STIPULATIONS
• Unless noted or acknowledged elsewhere, this report describes the condition of the vehicle as it was as of the date specified or immediately prior to the noted loss date.
• This report only represents the areas of the vehicle that could be physically viewed at the time that the inspection actually took place including the components and equipment described herein.
• No disassembly or removal of any areas, bodywork, upholstery, trim, mechanical, electrical or hydraulic components or computers and/or any other systems of the vehicle was performed.
• All specialized considerations that are deemed correct and relevant in the reporting for the noted appraised vehicle were taken.
• This information reflects the reported and obtained information, pursuant to professional Appraisal industry standards and guidelines set forth by the International Automotive Appraiser Association.
• This report was prepared exclusively for the client of SEAY and should only be used and/or referred to when completed in it’s entirety.
· The physical conditions as well as the options listed in this report are as of the date specified herein. This report is accurate as of the specified date and does not reflect the condition or alterations to the equipment that may occur after the specified date or damage that may occur as a result of shipping and or abuse.
· The client/customer understands and acknowledges that without the total stripping of paint, under seal or undercoating as well as the physical cutting of sheet metal and frame materials it is impossible to completely know the total extent of any rust or body filler issues.
· This is not an authentication of this vehicle, authentication can only be provided by the manufacturer or their designated expert.
· Acceptance of, and/or use of, this appraisal report constitutes acceptance of the limiting conditions, provisions and stipulations stated in this report. After having considered all the relevant factors, SEAY determined the fair market value of the vehicle.
SUMMATION OF VALUE
Our opinion of the Fair Market or Replacement Value is based on a combination of any of the following:
· The overall cosmetic and mechanical condition of the vehicle.
· The demand and available supply of comparable vehicles when available.
· The adjusted value of somewhat similar vehicles advertised or recently sold.
· Dollar amounts indicated by the published value guides.
· Dollar amounts indicated by on-line value guides.
· The expertise of the appraiser.
· The expertise of other appraiser within our national network that might have been consulted for this assignment.
· The expertise of other appraisers that are members of various credible automobile appraisal associations.
· The expertise of a recognized expert of the particular type of vehicle appraised that might have been consulted for this assignment
· Opinions of others who have handled similar models in the past, and market similar vehicles currently.
· Physical auction results listing actual vehicles sold or the highest dollar amount bid against sellers reserve.
· On-line auction results, such as EBAY, listing actual vehicles sold or the highest dollar amount bid against sellers reserve.
· Extensive on-line research of that particular type of vehicle.
· The consideration of receipts provided, as well as other expenses incurred for the subject vehicle.
ADDITIONAL NOTES REGARDING THE SUMMATION OF VALUE
Mechanically, the appraised vehicle, as noted under ‘Additional Notes’, is assumed to perform with no operational malfunctions and or driving problems unless such problems were disclosed by the owner/seller. No dollar amount was debited from the Fair Market or Replacement Value in order to compensate for the repair of such mechanical defects unless noted.
Additionally contained in this report may be comparable vehicles available and for sale in the market place. Asking prices and actual sales prices will fluctuate depending upon the overall cosmetic appearance and condition, originality, the mechanical history and performance, recorded mileage, configuration of power-train, custom conversions, options and accessories. This report, when possible will adjust to compensate for those differences.
With consideration for all the information and dollar amounts determined as relevant to this report, SEAY has determined a Fair Market of this vehicle, as of the date specified.; The fair market value is the opinion of SEAY and is arrived after careful study of information observed or supplied to us that we assume to be both accurate and reliable. As described under both the prior written ‘Assumptions and Other Limiting Conditions’ and the Appraisal Provisions and Stipulations’, SEAY will assume no responsibility for inaccuracies or errors.
Respectfully Submitted,
Carl E Seay
SEAY
Your Car
2 Door, Roadster
Prepared for:
John H Doe
A PROFESSIONAL VALUATION SERVICE FOR ALL
TYPES OF COLLECTOR VEHICLES
Rick
111 S. Avenida Del Oro
Pueblo, CO 81007
(626)826-8073
Appraisal Report: Your Car
To Whom It May Concern:
In compliance with the recent request we have appraised the above referenced vehicle.
We have enclosed the limited appraisal report that constitutes our analysis and conclusion of the research completed on this vehicle.
The fair market value of this vehicle, as of the date of the appraisal is:
$18,500.00
Thank you for your business. If you should have any further questions please do not hesitate to call.
Sincerely
Carl E Seay
SEAY
Purpose and Scope of Report:
Purpose
The purpose of this document is to report to the customer the appraiser’s opinion of the overall condition of the subject vehicle.
Fair Market Value
The Fair Market Value of the vehicle is the highest price on the date of valuation that would be agreed to by a seller, being willing to sell, and a buyer, being willing to buy, and under no particular necessity for so doing, each dealing with the others full knowledge of all the uses and purposes for which the property is reasonable, adaptable and available.
Method of Valuation
The value is estimated by current market data comparison, supplemented by cost information. The vehicle is compared, when possible, with other vehicles currently for sale or that have been sold in the general time period of the appraisal. Adjustments are made for differences in equipment, mileage, cosmetics, conversions, originality, overall condition, and current market conditions.
Assumptions and Limiting Conditions
Information including, vehicle identification numbers, serial numbers, engine numbers, engine size, component serial numbers, color codes, paint codes, trim codes, component stampings, door tags, fender tags, cowl tags, date codes, badges, emblems, owner history and mileage information provided by the owners or parties to sell or others, or displayed on the appraised vehicle or components are assumed to be reliable, correct and truthful, as accuracy is not checked or guaranteed for originality or authenticity.
Although SEAY does extensive research, we do not have direct access to specific manufacturer’s records, log books, files, computer data bases or other non published information.
Unless the client particularly asks for this in writing, and agrees to absorb any additional cost in obtaining, no such effort will be made in contacting manufacturers, automotive groups, clubs, historians, etc. in order to acquire such information
Identification and Description of Vehicle:
This narrative is an attempt to determine Fair Market Value of the vehicle.
REPORT DATE: 11-12-2011
VEHICLE IDENTIFICATION
VEHCILE MAKE Your Car
MODEL YEAR
BODY STYLE
VIN
LICENSE NUMBER
EXPIRATION DATE
OTHER ID (if applicable)
VEHICLE DESCRIPTION
EXTERIOR COLOR
INTERIOR COLOR
EQUIPMENT (see options page)
VEHICLE OPTIONS:
CONDITION AT TIME OF APPRAISAL:
EXTERIOR
POOR
FAIR
AVERAGE
GOOD
VERY GOOD
EXCELLENT
BODY
PAINT
TRIM
EMBLEMS
F. BUMPER
R. BUMPER
TOP
POOR
FAIR
AVERAGE
GOOD
VERY GOOD
EXCELLENT
FRAME
UNDERSIDE
WHEELS
TIRES
SUSPESION
EXHAUST
LIGHTS
MECHANICAL NOTES:
INTERIOR
POOR
FAIR
AVERAGE
GOOD
VERY GOOD
EXCELLENT
DASH
INST. PAN.
COLUMN
F. SEATS
R SEATS
DOOR PNLS
TRIM
POOR
FAIR
AVERAGE
GOOD
VERY GOOD
EXCELLENT
CONSOLE
CARPETS
REAR SHELF
HEADLINER
STR. WHEEL
ENG. COMP.
TRUNK
ADDITIONAL NOTES
NARRATIVE
DEFINITIONS OF RATING CONDITIONS:
EXCELLENT:
The vehicle is in nearly perfect condition. The vehicle usually has been professionally restored to the highest standards. Although a few exceptionally well cared for original cars may qualify for this category. All components are original or an exact replacement. Most cars in this category are not driven more than a few miles per year, if at all.
GOOD:
Very nice overall condition. In fact, most casual observers would describe the vehicle as “excellent”. Good cars show very little wear and are driven sparingly. Many of these cars are just weekend drivers and are typically always garaged. Many older professional restorations fall into this category.
FAIR:
Presentable condition. Runs and drives and will pass a state safety and emissions inspection. May be a daily driver. Generally these cars are in need of some cosmetic restoration. These cars may have a replacement motor that may not be a direct replacement for the car. The car may also have non original parts. Must casual observers would consider the car the be in good condition.
POOR:
The vehicle is in need of restoration. It may run and drive but it has mechanical issues, those issues maybe extensive.
COMPARIBLE VEHICLE(S):
DECLARATIONS:
The undersigned hereby declares that:
• A physical inspection of the stated vehicle was actually performed.
• There is no undisclosed personal interest, presently or contemplated in the future, in the vehicle or the proceeds to be derived there from.
• Neither the employment nor the compensation for this report is contingent upon the value estimated herein.
• To the best of my knowledge, as noted under ‘Appraisal Provisions and Stipulations’ the statements in this report are correct and the opinions stated are based on a full and fair consideration of all the available facts.
• The findings reported herein will not be revealed to anyone other than the named recipient without permission or until required to do so by due process of law.
• A copy of this report will be kept in our files for a period of 6 months.
• The fee for this report is not contingent upon value or condition of the vehicle.
• No investigation of legal title to the vehicle has been made and owners or tenant’s claim to the property has been assumed to be valid. No consideration has been given to liens or encumbrances that may be against the property except as specifically stated in the report.
• In the event that our expertise is needed in any action, such as but not limited to court action, contact with a public agency, or involvement in any arbitration process (appraisal clause hearing), it will first require the consent of the appraiser. Should our appraiser/inspector be required to appear in connection with this report document, an additional minimum fee of $650 (Six hundred fifty dollars) will be charged and is due prior to service.
• Any required umpire fee is also due prior to any arbitration hearing. Due to the complex nature of this service and the number of parties involved, our appraiser does not accept responsibility for any delays incurred. For any travel greater than 25 miles from our office location, separate and additional fees will be charged for and rental car, airfare, lodging and additional travel expenses.
• Additionally consultants, negotiations or other time related activities incurred in lieu of an appearance will be billed by SEAY at the $150.00 (one hundred fifty dollars) per hour fee. Court time will be billed at this rate with a 4 hour minimum.
• SEAY will not under any circumstances be liable for any damages whatsoever, including any special, indirect, incidental, consequential or exemplary damages resulting from the use or misuse of this report, due to any cause, even if SEAY has been advised of the possibility of such damages. In any event, SEAY’s total liability to you for all damages (Whether based on contract, torte or other theories) will be limited to the amount you actually paid for this service.
APPRAISAL PROVISIONS AND STIPULATIONS
• Unless noted or acknowledged elsewhere, this report describes the condition of the vehicle as it was as of the date specified or immediately prior to the noted loss date.
• This report only represents the areas of the vehicle that could be physically viewed at the time that the inspection actually took place including the components and equipment described herein.
• No disassembly or removal of any areas, bodywork, upholstery, trim, mechanical, electrical or hydraulic components or computers and/or any other systems of the vehicle was performed.
• All specialized considerations that are deemed correct and relevant in the reporting for the noted appraised vehicle were taken.
• This information reflects the reported and obtained information, pursuant to professional Appraisal industry standards and guidelines set forth by the International Automotive Appraiser Association.
• This report was prepared exclusively for the client of SEAY and should only be used and/or referred to when completed in it’s entirety.
· The physical conditions as well as the options listed in this report are as of the date specified herein. This report is accurate as of the specified date and does not reflect the condition or alterations to the equipment that may occur after the specified date or damage that may occur as a result of shipping and or abuse.
· The client/customer understands and acknowledges that without the total stripping of paint, under seal or undercoating as well as the physical cutting of sheet metal and frame materials it is impossible to completely know the total extent of any rust or body filler issues.
· This is not an authentication of this vehicle, authentication can only be provided by the manufacturer or their designated expert.
· Acceptance of, and/or use of, this appraisal report constitutes acceptance of the limiting conditions, provisions and stipulations stated in this report. After having considered all the relevant factors, SEAY determined the fair market value of the vehicle.
SUMMATION OF VALUE
Our opinion of the Fair Market or Replacement Value is based on a combination of any of the following:
· The overall cosmetic and mechanical condition of the vehicle.
· The demand and available supply of comparable vehicles when available.
· The adjusted value of somewhat similar vehicles advertised or recently sold.
· Dollar amounts indicated by the published value guides.
· Dollar amounts indicated by on-line value guides.
· The expertise of the appraiser.
· The expertise of other appraiser within our national network that might have been consulted for this assignment.
· The expertise of other appraisers that are members of various credible automobile appraisal associations.
· The expertise of a recognized expert of the particular type of vehicle appraised that might have been consulted for this assignment
· Opinions of others who have handled similar models in the past, and market similar vehicles currently.
· Physical auction results listing actual vehicles sold or the highest dollar amount bid against sellers reserve.
· On-line auction results, such as EBAY, listing actual vehicles sold or the highest dollar amount bid against sellers reserve.
· Extensive on-line research of that particular type of vehicle.
· The consideration of receipts provided, as well as other expenses incurred for the subject vehicle.
ADDITIONAL NOTES REGARDING THE SUMMATION OF VALUE
Mechanically, the appraised vehicle, as noted under ‘Additional Notes’, is assumed to perform with no operational malfunctions and or driving problems unless such problems were disclosed by the owner/seller. No dollar amount was debited from the Fair Market or Replacement Value in order to compensate for the repair of such mechanical defects unless noted.
Additionally contained in this report may be comparable vehicles available and for sale in the market place. Asking prices and actual sales prices will fluctuate depending upon the overall cosmetic appearance and condition, originality, the mechanical history and performance, recorded mileage, configuration of power-train, custom conversions, options and accessories. This report, when possible will adjust to compensate for those differences.
With consideration for all the information and dollar amounts determined as relevant to this report, SEAY has determined a Fair Market of this vehicle, as of the date specified.; The fair market value is the opinion of SEAY and is arrived after careful study of information observed or supplied to us that we assume to be both accurate and reliable. As described under both the prior written ‘Assumptions and Other Limiting Conditions’ and the Appraisal Provisions and Stipulations’, SEAY will assume no responsibility for inaccuracies or errors.
Respectfully Submitted,
Carl E Seay
SEAY