For an excessively used or severely damaged automobile, van, or truck (that has an empty weight of 2,200 kilograms or less) and a Red Book value of $1,000 or more, the purchaser may choose to have the vehicle appraised. If the purchase price and the appraised value are both less than the Red Book value, then RST will be collected on the greater of the purchase price or appraised value.
The qualifying appraiser must complete the required information on the Motor Vehicle Appraisal Record form. The appraised value of the vehicle will only be accepted if the appraisal is completed by:
If you are applying for an OSAP (Ontario Student Assistance Program) student loan, the OSAP application requires that you include the official appraised value of your car. We offer a fast, professional appraisal service for your OSAP application for the values your car, truck or motorcycle correctly.
Our vehicle valuations are certified and approved by the Ontario government so you will have peace of mind knowing that the car value section of your OSAP application is fully compliant and to the official application standard.
Our certified vehicle appraisals meet the highest standards and can establish the value autos and related items in the estate for probate tax purposes. Appraisals performed by Vehicle Appraisals on demand can help your family members in these hard times to determine a fair market value in order to divide inherited property or offer it for sale.
If you are going through a divorce, we can help appraise your personal property, such as classic or collector vehicles and your daily drivers, boats, RV’s, etc., must be appraised.
The values of your vehicles after being appraised are then counted as assets that will be divided per the terms outlined in the divorce decree.
This service is commonly used for vehicles that are over 15 years old and that qualify for vintage vehicle insurance 19a policy. An insurance appraisal is a replacement cost analysis which provides an accurate estimate of the amount of insurance required to replace each structure and/or amenity exactly as it stands on the day the report was prepared.
These values are provided to assist the client in determining the amount of insurance needed for each structure and/or amenity for which the property insures. Our software makes the process easy and secure to correctly estimate the value of your asset.