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Auto Appraisal Fundamentals
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Auto Appraisal Fundamentals

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Questions and Answers

Please state your name for the record.

Presley Aoki v

What is your occupation?

I am the founder and owner of an auto-appraisal business.

What is the name of your business?

Aoki Auto Appraisals

What services does your business provide?

<p>I inspect and examine vehicles to carefully determine their market value in the event of an accident or for a car sale.</p> Signup and view all the answers

Can you tell us a little bit about your educational background?

<p>I have completed coursework as an automotive service technician at Buckeye University.</p> Signup and view all the answers

What is an automotive service technician?

<p>It's basically jargon for an auto mechanic. I have learned how to inspect, diagnose, and repair automobiles of any brand quickly and accurately.</p> Signup and view all the answers

Why did you decide to become an auto appraiser instead of an auto mechanic?

<p>I felt like I was more skilled in inspecting and evaluating cars than in repairing them. I am also passionate about classic cars.</p> Signup and view all the answers

Does this document look familiar to you?

<p>Yes</p> Signup and view all the answers

Can you tell the court what it is?

<p>It's my resume.</p> Signup and view all the answers

Can you read the first line in the section titled 'Experience' in your resume?

<p>IACP - Certified Auto Appraiser</p> Signup and view all the answers

What does IACP stand for?

<p>International Appraiser Certificate Program</p> Signup and view all the answers

Did you receive a certificate from this program?

<p>Yes</p> Signup and view all the answers

What did you have to do to get this certificate?

<p>I completed a 40-hour auto appraiser certification course and passed an IACP Auto Appraiser's test.</p> Signup and view all the answers

What score did you receive on the exam?

<p>93%</p> Signup and view all the answers

What was the minimum to pass?

<p>70%</p> Signup and view all the answers

Since completing this certification, what else have you accomplished as an auto appraiser?

<p>I was accepted into the International Association of Auto Appraisers.</p> Signup and view all the answers

How long have you been working in auto appraisal for?

<p>24 years</p> Signup and view all the answers

And how many cars would you say you've appraised?

<p>Several thousand, mostly classic and antique cars</p> Signup and view all the answers

Can you read the second bolded line in the section titled Experience?

<p>Courtroom Expert Testimony</p> Signup and view all the answers

What did you do in this role?

<p>I served as an expert witness where the value of a car was disputed.</p> Signup and view all the answers

How many cases have you testified in?

<p>I don't know the exact number, but at least a few dozen.</p> Signup and view all the answers

How long have you been a courtroom expert witness?

<p>Since 2018, so 5 years.</p> Signup and view all the answers

What was your most recently appraised car?

<p>A 1967 Chevrolet Camaro SS</p> Signup and view all the answers

Is that the car in this case?

<p>Yes</p> Signup and view all the answers

How did you get involved in this case?

<p>Ash Espinosa's attorney engaged me to evaluate the car.</p> Signup and view all the answers

How long did you spend evaluating the car before making a decision?

<p>I spent 38 hours inspecting the car.</p> Signup and view all the answers

How did you inspect the car?

<p>I visited the State's impound to examine the interior, exterior, functionality, and overall condition.</p> Signup and view all the answers

In your expert opinion, where is the best place to look to determine the quality of the interior of the car?

<p>Under the hood because that's where most of the parts are.</p> Signup and view all the answers

What is most important about the parts in regards to its market value?

<p>For a classic or antique car, its authenticity is essential in determining its price.</p> Signup and view all the answers

Would you say that Ash and Oakley's restoration created an authentic interior?

<p>Absolutely. They used period-authentic materials for the engine.</p> Signup and view all the answers

Can you describe the car's engine?

<p>The car's engine is undeniably the most important part to determine its market value.</p> Signup and view all the answers

How powerful is this V-8 engine?

<p>It has 375 horsepower, which is extremely efficient for a sports car.</p> Signup and view all the answers

How else does the V-8 engine contribute to the car's overall value?

<p>It is rare and contributes to the car's desirability in the market.</p> Signup and view all the answers

Was the V-8 engine an original part of the car?

<p>Yes</p> Signup and view all the answers

How do you know?

<p>The part number stamped on the engine matches the car's Vehicle Identification Number.</p> Signup and view all the answers

What other features of the car's interior contribute to its market value?

<p>The car has power disc brakes, which are a high-quality, period-authentic upgrade.</p> Signup and view all the answers

How would you describe the exterior of the car?

<p>The exterior is in great condition: the paint, chrome, and glass are flawless.</p> Signup and view all the answers

Can you describe the extent of the Camaro's functionality?

<p>Thanks to the powerful engine and high-quality brakes, the mechanics of the car are nearly flawless.</p> Signup and view all the answers

In your expert opinion, what is the market value of Espinosa's Camaro?

<p>$83,000</p> Signup and view all the answers

Why do you think that's conservative?

<p>Espinosa's Camaro is extremely rare and typically sells for more than the appraiser's estimate.</p> Signup and view all the answers

What other factors led to your conclusion?

<p>The authenticity of the parts, the pristine exterior, and the overall functionality of the car.</p> Signup and view all the answers

Did you use any outside resources in determining the value of the car?

<p>Yes, I consulted my references for their opinion.</p> Signup and view all the answers

Study Notes

Personal Information

  • Name: Presley Aoki
  • Occupation: Founder and owner of Aoki Auto Appraisals

Business Overview

  • Aoki Auto Appraisals specializes in inspecting and evaluating vehicles' market values, particularly for accidents or sales.

Educational Background

  • Completed coursework as an automotive service technician at Buckeye University.
  • An automotive service technician is another term for an auto mechanic, focusing on vehicle inspection, diagnosis, and repair.

Career Path

  • Transitioned to auto appraising due to a stronger aptitude for evaluating vehicles and a passion for classic cars.

Certifications and Experience

  • Certified Auto Appraiser through the International Appraiser Certificate Program (IACP).
  • Completed 40-hour certification course and passed the IACP Auto Appraiser's exam with a score of 93%.
  • Member of the International Association of Auto Appraisers, providing services globally.
  • Extensive experience: 24 years in auto appraisal, with several thousand cars appraised, focusing on classic and antique vehicles.

Courtroom Expertise

  • Acted as a courtroom expert witness since 2018, testifying in several dozen cases regarding vehicle value disputes.
  • Responsibilities include providing impartial evaluations based on inspections and extensive experience.

Recent Case

  • Recently appraised a 1967 Chevrolet Camaro SS, which is part of the current case.
  • Evaluated the car upon engagement by Ash Espinosa's attorney, spending 38 hours on assessment.

Inspection Process

  • Conducted a thorough examination of the Camaro in the State's impound, assessing interior, exterior, functionality, and overall condition.
  • Key to determining quality includes inspecting under the hood, where most critical parts are located.

Valuation Factors

  • Authenticity of parts is crucial, as variations can lead to significant price differences.
  • For classic cars, original parts are preferred; restored versions from the same manufacturer are acceptable.
  • Ash and Oakley's restoration used period-authentic materials, ensuring a quality interior.

Engine and Performance

  • The Camaro features a powerful V-8 engine with 375 horsepower, a significant value factor.
  • Rarity of the model enhances value: only 1,100 1967 Chevy Camaro SS with a V-8 were produced.

Market Value Assessment

  • Estimated market value for Espinosa's Camaro: $83,000, deemed conservative given its rarity and quality.
  • Factors influencing the valuation included authenticity, pristine condition, and extensive restoration efforts.

Overall Condition

  • Exterior: Flawless paint, chrome, and glass; no rust or aging.
  • Functionality: Mechanics in nearly flawless condition, complimented by high-quality power disc brakes.

Ethical Standards

  • Valuation adhered to the Bureau of Certified Auto Appraiser’s Code of Ethics and Uniform Standards of Professional Appraisal Practice guidelines.

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Description

Explore the essential concepts of auto appraising, focusing on vehicle inspections and evaluations. This quiz covers the career transition from automotive technician to auto appraiser, including relevant certifications and experience in the field. Perfect for aspiring appraisers and automotive professionals!

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