March '21

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Page 65 of 72

MARCH 2021 THE SHOP 59 • The role the vehicle model played in automotive history (if important) • The rarity of the vehicle • A list of optional equipment the vehicle carries • The overall condition of the vehicle • Any awards the vehicle has won • Other pertinent information Information required in most appraisals done for bank, insurance or tax purposes includes: • Vehicle identification number (VIN) or serial number • Engine number • Odometer reading and whether it is original or reset • Owner's name and contact information • Statement of when and where the appraisal was done & who it was written for Other information such as color codes, trim codes, option codes and serial number locations may also be included in a thor- ough appraisal. The appraisal must include an assessment of what the vehicle looks like. Does it have original paint or is it restored? Does it run well? What condition is the chrome in? What kind of tires does it have, what condi- tion are they in and how old are they? Is the interior original and what is its condition? Is the wear on the brake pedal and clutch pedal pads consistent with the mileage on the odometer? Do all the electrical com- ponents work well? Knowing the ownership history of the One advantage of having appraisal projects brought to your shop is that you can raise the vehicle on a lift and get a good look at the underside and chassis components.

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