APPRAISAL PROCESS

STEP 1 - GENERAL COLLATERAL
 

1. ASSET DETAILS TAB
   • EDIT GENERAL COLLATERAL
   • <SAVE>

EXAMPLE:

[ROUGH / AVERAGE / CLEAN / EXTRA CLEAN] UNIT FOR A 2025 MODEL - 24593 KM ([HIGH / AVERAGE / LOW] KM) / NO KEY / ACCIDENT RECORD – [CLAIM OVER $12,000 / UNKNOWN CLAIM AMOUNT] (MINOR DAMAGE) / ENGINE: 2.0L V4 /
[HYBRID / EV / PETROL / DIESEL] / [SEDAN / TRUCK / SUV / COUPE / HATCHBACK] / [AWD / FWD / RWD / 4X4] / [HARD-ROOF / SUNROOF / PANORAMIC / MOON ROOF] / [LEATHER / CLOTH / DUAL / VINYL] INTERIOR / AUTOPILOT(TESLA) /
TIRE CUT / CURB RASH / CRACKED / SPRAY PAINT / PAINT DAMAGE / HEAVY SCRATCH(ES) / SCUFFED / SAP DAMAGE / HAIL DAMAGE / PET HAIR / BURN HOLE / MISALIGNED / WRAPPED / PEELING / BADGING / STICKER / MOLDING / CHARGING CABLE MISSING(EVs)
CHIPPED / MULTIPLE LIGHT SCRATCHES / INTERIOR AND EXTERIOR REQUIRES DETAILING / TIRES ARE IN [ROUGH / AVERAGE / GOOD / WORN] CONDITION

STEP 2 - REQUEST CBB VALUES

1. ASSET DETAILS TAB
   • 4TH TAB - VALUATIONS
     • REQUEST CBB VALUES
     • OK
   • 3rd TAB - VALUATION ADJUSTMENTS (NEW TAB OPENS)
     • SELECT TRIM OF CAR FROM THERE
     • ADD EXTRA FEATURES IF THERE IS ANY
     • ADD MILEAGE
     • CLICK RECALCULATE
     • <SAVE>

STEP 3 - PREPARE CONDITION REPORT

1. ASSET DETAILS TAB
   • 5TH TAB – CONDITION REPORT
     • CLICK ADD NEW CONDITION REPORT
     • ADD YOUR NAME
     • ADD TODAY'S DATE
     • COPY THE DETAILS THAT YOU WROTE ON THE APPRAISAL SHEET
     • <SAVE AND CLOSE>

STEP 4 – RESERVE, MIN & MAX PRICES

1. RE-MARKETING TAB

RESERVE PRICE: (APPROVED RESERVE & REQUESTED RESERVE)(SAME AMOUNT)
    
RESERVE PRICE = MARKET VALUE*105%
 

(ROUND OFF THE VALUE TO HIGH NUMBER (500/1000S))
EX: 25,550 (RESERVE: 25500) 37,650 (RESERVE:38,000) 14,110 (RESERVE:14,000) 16,250 (RESERVE:16,500)

MARKET VALUE

1. ASSET DETAILS TAB
   • 4TH TAB - VALUATIONS
   • <SAVE>
        
      

MIN AND MAX SALE VALUE (COLUMN ABOVE RESERVE PRICE) = ROUND OFF ACTUAL CASH VALUE
MINIMUM SALE VALUE – ROUND DOWN ACTUAL CASH VALUE(ACV)($500/$1,000)
MAXIMUM SALE VALUE – $1,000.00 MORE THAN MINIMUM SALE VALUE

1. <SAVE>

ACTUAL CASH VALUE (REPAIR COST – CBB VALUE)

REPAIR COST

1. ASSET DETAILS TAB
   • EDIT CONDITION REPORT
   • ALL THE WAY DOWN
   • CHECK TOTAL AMOUNT

CBB VALUE

1. ASSET DETAILS TAB
   • 4TH TAB - VALUATIONS
   • CBB API (CHECK CONDITION [ROUGH / AVERAGE / CLEAN / EXTRA CLEAN])
      

STEP 5 - GENERATE CONDITION REPORT(CR) AS PDF AND MAKE THE CUSTOMER VISIBLE

1. ASSET DETAILS TAB
   • CONDITION REPORT
     • REQUEST PDF OPTION WITH YOUR NAME
     • REFRESH PAGE
2. FILES TAB
   • GO ALL THE WAY DOWN TO ASSETCONDITIONREPORT
   • EDIT
   • ADD/EDIT FILE
   • CHECK CUSTOMER VISIBILITY BOX AND AUCTION HOUSE BOX
   • CHOOSE FILE TYPE (MISC)
   • FILE DESCRIPTION (CONDITION REPORT)
   • DATE SIGNED: TODAY'S DATE
   • <SAVE>