The appraisal process begins when the client submits an appraisal request and provides the required vehicle information and intended purpose. Vehicle Valuation Authority (“VVA”) confirms the appropriate appraisal type and scope based on the information provided.

Clients submit photographs, videos, and relevant documentation required for a remote appraisal. Clear and complete submissions help ensure accuracy and avoid delays.

VVA conducts remote assessment by reviewing submitted materials to assess the vehicle’s condition, configuration, and characteristics as of the submission date. Additional information may be requested if needed.

VVA conducts market research using appropriate data sources, including current listings, historical sales data, auction results, dealer data, and other relevant market evidence. Comparable vehicles are evaluated and adjusted as necessary.

Using the applicable valuation methodology, VVA develops a value conclusion consistent with the appraisal type, market evidence, proprietary formulas, and professional judgement.

A written appraisal report is prepared summarizing vehicle details, scope of work, market evidence considered, valuation methodology applied, and the final value conclusion.

Most appraisals are completed within 3-5 business days from the date all required information, photographs, videos, and documentation are submitted by the client.

Payment is required prior to the commencement of appraisal work. The completed appraisal report will not be released to the client until payment has been received and cleared.