Wednesday, December 9, 2009

HOW TO APPRAISE A CHOPPER - THE ST. LUCIE APPRAISAL WAY

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HOW TO APPRAISE A CHOPPER
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BOYNTON BEACH, Florida - A Baker 6-speed trans will run you about three grand. Sixty-spoke wheels, around $750. For $1750 you can buy a rigid frame, another three hundred dollars for a custom oil pump kit....you get the idea. Lots of time and money goes into the planning and building of a chopper. However, the amount you invest in your chopper doesn't always equate to how much its worth. Is your bike desirable as in marketable? Just because the finished product is something you always dreamed of, beauty is sometimes only in the eye of the beholder. It isn't just a run-of-the-mill motorcycle so how do we do a proper motorcycle appraisal?
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Performance issues are another important factor in evaluating a custom motorcycle. A frame that isn't suited to the motor or other equipment you've chosen affects the value as well. Improper design leads to safety issues as well as poor performance. Your idea of an awesome paint job also might not appeal to everyone else and adversely affect what your bike is worth. Over the last twenty years, chopper kits have become popular with the do-it-yourselfer and that has contributed to a proliferation of lower quality units. Again, it's not necessarily what you hang on your frame that adds to the value. More important is that the finished product has both looks and function. Professionally built bikes such as Orange County Choppers will cost more but they're additional value lies in the simple assumption that they were properly designed and assembled.

So is that chopper you're looking to buy worth thirty grand? And after you purchase it, will your insurance company write a policy for the amount you paid? It pays to do your homework. Now that there's so much information available online; compare, compare, compare. Make phone calls, bug people at bike shops and be persistent in your research. The hours you spend doing your homework will be worth it.

So how do we appraise a chopper? What you've already read should give you some hints. Be informed and be thorough-two important rules in our business.
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Bet you also didn't know that St. Lucie Appraisal has been appraising motorcycles and other custom vehicles since 1979? Call 772-359-4300 to make an appointment anywhere in South Florida.

The St. Lucie Appraisal Company
P.O. Box 2700
Fort Pierce, FL 34954
Phone: (772) 359-4300
Fax: (772) 466-8400
Email: contact@stlucieappraisal.net

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http://stlucieappraisal.net/
AUTO & PERSONAL PROPERTY
SERVICE THROUGHOUT SOUTH FLORIDA

Our service area includes St. Lucie, Martin, Indian River, Brevard, Palm Beach, Broward and Dade Counties. Cities include Fort Pierce, Port St. Lucie, Stuart, Palm City, Jensen Beach, Hobe Sound, Jupiter, Palm Beach Gardens, West Palm Beach, Lake Worth, Boynton Beach, Delray Beach, Boca Raton, Deerfield Beach, Coral Springs, Coconut Creek, Pompano Beach, Tamarac, Sunrise, Lauderhill, Plantation, Fort Lauderdale, Davie, Pembroke Pines, Miramar, Hollywood, Hallandale, Miami, Opa Locka, Hialeah, Coral Gables, Kendall and Homestead.

Diminished Value Appraisals throughout Florida including, Miami, Fort Lauderdale, Tampa, Jacksonville, Daytona Beach, St. Augustine, Lakeland, Panama City, Orlando, Pensacola, Fort Myers, Key West, Sarasota, Port Charlotte, Clearwater, Kissimmee, Melbourne, Daytona Beach, Ocala, Gainesville, Lake City, Sebring, Bradenton, Titusville, Panama City, Bonita Springs, Naples, St. Petersburg and Tallahassee.

Our rates for services are as follows:

Auto Appraisals (Donations, Bankruptcy, Divorce, Insurance Disputes) $125.00

Stated Value Appraisals (Antique & Classic Cars, Street Rods, Motorcycles, RVs, Trucks) $175.00

Auto/Truck/RV Condition Reports $225.00 and Up

Diminished Value Appraisals (Determines how much less your car is worth after accident repairs) $225.00

Personal Property Appraisals (Contents, Collectibles, Art, Antiques) $225.00 and Up

All other services and additional time when necessary  $75/Hr.

Expert Witness - Court Appearances, Depositions, Mediation $225/Hr.

You may obtain appraisals for Financing, Charitable Donation Tax Credits, Collateral, Damage Claims, Equitable Distribution, Bankruptcy, Estates, Insurance Stated Value, Purchase & Sale and Diminished Value.

Appraisals of Personal Property, Art, Boats, Classic & Custom Autos, Antiques, Collectibles & Memorabilia, Electronics, Machinery, Motorcycles & Choppers, Furnishings, RVs, Trucks & Heavy Equipment. Business Valuations specializing in all types of small businesses.

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Keywords for this article: appraiser, boynton beach, chopper, diminished value, florida, florida appraiser, insurance, MOTORCYCLE, Orange County Choppers, ST. LUCIE APPRAISAL

Revised 08-28-2012
Updated 06-19-2013