Valuation of motor vehicles

Motor vehicle valuation is the determination of the market value of passenger carriers, cars, commercial vehicles, buses, motor homes/caravans, motorcycles, lorries, special designation automobiles and railway vehicles.

Valuation of motor vehicles may be required for:

• Financial statements,
• Assessment of losses incurred through the damage of property,
• Claiming tax credits when purchasing a motor vehicle,
• Tax purposes,
• Pledging of property,
• Insurance of property,
• Selling or transfer of property.

The following documents must be submitted for the assessment of motor vehicles: vehicle registration certificate, MOT certificate. It is also necessary to indicate the purpose of the valuation. If a car needs an assessment after an accident, a declaration of an accident or a certificate issued by the police and a description of the circumstances of the accident must be submitted.