What does a vehicle appraisal determine?

A vehicle appraisal is an assessment that establishes the market value of a vehicle for sale. This process involves evaluating various factors, such as the vehicle's condition, mileage, and any unique features that may affect its worth. By determining the fair market value, sellers can set a competitive price that reflects what buyers are likely willing to pay. Understanding the market value is essential for salespersons to effectively communicate with potential buyers and negotiate sales confidently.

While the other aspects mentioned, such as the vehicle's condition, repair costs, and trade-in values, are indeed part of the overall evaluation of a vehicle, they do not encompass the primary purpose of a vehicle appraisal, which is to ascertain its market value specifically for sale purposes.