Appraisals reflect both the cursory cost to modify the machine, and the current fair market value of it. The document can be used for insurance purposes, equity evidence, estate settlement, or just plain bragging rights. The bottom line appraised value though, is a realistic current fair market value, or as the insurance companies like to say "actual cash value" (A.C.V.).
When appraising a customized bike, a number of factors are taken into consideration. Primarily, with a full appraisal, a reconciliation of the modifications and after market parts will be attached to justify the "INVESTED AMOUNT", Secondarily,the bike will be compared to other bikes of similar year, make, model, and caliber (or what we call comparative offerings).
In addition to fair market value appraisals, a large number of our appraisals involve vehicles that have been damaged or stolen, these are called "Post Loss Evaluations". In many instances these machines have become involved in value disputes. Our unbiased expertise lies in establishing the fair market value of the machines before they were damaged or stolen, based on photographs and documentation, as well as comparative offerings.
Download an example appraisal.
HOW MUCH DOES AN APPRAISAL COST?
The following information is intended to inform you of general costs and measures that may be applicable to your situation. This information is not a quotation!
Detailed Appraisal: (which is similar to the one displayed, has more thorough documentation of the enhancements and accessories) is $45.00/ hour with a $250.00 minimum, plus applicable taxes and return postage.This is the product the insurance companies prefer because of the detail and visible math to justify the values of the add on components.
Basic Appraisal: includes the appraisers certificate and 1 information page with an explanation or description of the bike, a cursory summary of the investment into the bike and a photo page. The cost for this is $150.00 plus any applicable taxes and return postage. The difference in price for an appraisal is in the time spent in the itemizing of the accessories.
Payment in the form of cheque, Visa or Master Card will be required prior to commencement on the appraisal.
Book an Appointment (Delta, BC Location)
CAN YOU DO AN APPRAISAL FOR ME IF I LIVE OUTSIDE YOUR TOWN?
Certainly! We are able to and have done plenty of distance appraisals for both Canadians and U.S. residents with success, but each situation is indeed different. The documentation we do is based on the information you provide for us to substantiate your position. Digital images and the internet have opened a door to the world and now make appraisals available at any location in the world! Distance Appraisals
HOW OFTEN SHOULD I GET MY BIKE APPRAISED?
Because most vehicles are depreciable items to one degree or another, and market values change, annual revisions should be considered. That being said, you don't have to pay the full price of the appraisal again because we maintain the database with your info in it, and just tweak the numbers to reflect the annual differences at the $45.00 per hour rate. This usually ends up costing on average $100.00 by the time we're through.
For more information about the appraisal process contact me at info@CHROMEDREAMS.com - I will be happy to answer your questions.
Motorcycle Appraisal Services