Accountants often require documented valuation evidence for the purposes of assigning a book value to a vehicle.

Situations where a valuation report may be required include:

  • when there is a change in use of a vehicle (e.g. a personal vehicle is going to be used for business purposes)
  • when a business that owns vehicles is being sold
  • when a vehicle's depreciated book value does not reflect its actual market value

If you need a valuation report, contact us!