Saturday, February 15, 2014

GOOD GUYS IN BLACK HATS – SCAMS IN THE AUTOMOBILE DIMINISHED VALUE APPRAISER BUSINESS

 
GOOD GUYS IN BLACK HATS – SCAMS IN THE AUTOMOBILE DIMINISHED VALUE APPRAISER BUSINESS



FORT PIERCE, Florida - Everyone hates lawyers. The reason is plain, simple and timeless. Most of them are slimy, blood sucking parasites that prey on rich and poor alike. Automobile Diminished Value Appraisers are acquiring the same sort of reputation. And, not unlike the rare honest attorney who hates being lumped in with the garbage, we’re exasperated by the number of scammers working in the field of Automobile Diminished Value Appraisal.

The St. Lucie Appraisal Company (http://stlucieappraisal.net 772-359-4300) and our associated company, Automobile Diminished Value Appraiser (http://automobilediminishedvalue.com 772-579-9400) are two companies showing no complaints on Better Business Bureau, complaintsboard.com and Rip-off Reports types of websites. While this might seem advantageous for our business, guilt by association contributes greatly to a general deterioration of customer confidence in the industry.

We recently researched the Automobile Diminished Value Appraisers that advertise on the Google, Bing and other search engines. They are the ones listed at the top and right side of the search pages and they are there because they pay a lot for the privilege. Unfortunately, a closer look at most of these firms reveals less than satisfactory reputations in review sites, in forums and in automobile discussion groups. While we can’t mention them by name, a little due diligence will expose an astonishing number of disgruntled customers. Common complaints are dishonesty, carelessness, false advertising, worthless reports, unreturned calls and promises of unrealistic results.

Official sounding titles like “accredited” and “certified” are also used to inflate the credibility of many unscrupulous appraisers. These are nothing more than designations for which they pay a yearly fee. In most states, independent appraisers and insurance adjusters are licensed. This assures consumers that they will receive competent reports. Fraud and false advertising are just two of the misdeeds that will cause a state-licensed appraiser or adjuster to have his license revoked.

An interesting example - and we point out the name of the organization because it holds itself up as an “association” - is The National Association of Diminished Value Appraisers. Its web site, which originates from Scotland, informs consumers that they can obtain a “free” diminished value calculator as well as a “self-help” diminished value calculator. Upon further investigation, the “free” version costs from $39.99 - $99.99 while their “self-help” version will set you back anywhere from $14.99 - $99.99. Is it any wonder that American consumers look very skeptically at Automobile Diminished Value Appraisers as a whole?

Methodology is another critical factor consumers should consider when choosing an Automobile Diminished Value Appraiser. Does the appraiser simply conjure up a formula to determine the amount of diminished value? This simple approach, not unlike State Farm’s infamous Rule 17-C, takes but a few seconds to formulate yet independent appraisers using these methods charge up to $400 for their reports. Scanning automobile auction results to determine diminished value is another easy but imprecise method used by some appraisers. Insurers routinely downgrade or refuse to recognize this method as being too non-specific. The buyers of these previously repaired cars, new car dealers who take them in trade, basically set the market because they know better than anyone what the used-car buying public will pay for previously repaired cars. Obtaining at least six verifiable quotes from dealers stands as the most reliable method for determining diminished value. If your appraiser doesn’t at least offer that, we recommend that you look elsewhere.

Dealing with insurance adjusters proclaiming formerly wrecked cars are worth every bit as much as cars that were never in collisions is bad enough. Having to wade through the muck and mire of the independent Automobile Diminished Value Appraisers that are supposed to be on your side is just makes the situation that much more unbearable. Kind of like it is with lawyers.


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



AUTOMOBILE DIMINISHED VALUE APPRAISERS IN ALL 50 STATES


Automobile Diminished Value Appraisals nationwide including Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington West Virginia and Wisconsin.


paypal payment button The fee for an Automobile Diminished Value Report is $275.00. You may also make your Credit Card Payment by telephone, call 772-359-4300. Credit card payments can be made on the PayPal page. Click on "Don't have a PayPal account?" to be taken to the secure credit card payment page. 

After making your secure payment please email the body shop estimate or the insurance company appraisal to contact@stlucieappraisal.net or FAX to 772-466-8400.

NOTE: TESLA OR OTHER EXOTIC CAR OWNERS PLEASE CALL 772-359-4300 TO ARRANGE FOR AN AUTOMOBILE DIMINISHED VALUE APPRAISAL.