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Collateral & Appraisals
Experiences

Collateral & Appraisals

Who appraises my vehicle? Most Auction Houses can do in-house USPAP-compliant appraisers and Car Specialists produce comprehensive reports based on quality, condition, provenance, and current market trends.


How much does an appraisal cost?


Approximately $500-$1,000 per vehicle, depending on the type of car and level of research required.


Do you need to physically inspect my car?


In most cases, yes—but Most can often provide preliminary valuations and financing terms based on detailed photos and documentation. A physical inspection typically happens before closing.


Do I have to deliver my car to you?


Not always. Depending on your jurisdiction and the loan structure, you may be able to keep your vehicle in your possession. Discussion options during the application process.


Loan Terms & Requirements


What's the loan term? Most loans are structured for 12 months and can be renewed at maturity.


What documentation do I need?


Keeping it simple:


Proof of ownership (title or bill of sale for vehicle)


Corporate documents (if borrowing as a company—incorporation docs, authorization, VAT/Tax number)


That's it. They typically don't need extensive financial statements or tax returns like traditional banks.


Who handles insurance?


You're responsible for maintaining insurance on the vehicle(s) used as collateral. Auction Walk Financial referrals must be named as an additional insured party and loss payee on your policy.


How do I apply for a loan?


Start by contacting the lender with:


Details about your vehicle(s) (make, model, year, condition, history)


High-resolution photos


The amount you'd like to borrow


Provision of a preliminary valuation and financing terms, then schedule an inspection if needed.


Ready to explore financing options?


Contact Auction Walk Financial Referrals and discuss your collection, and financing needs Those lending teams are here to create a solution that works for you.

Auction Travels
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Auction Travels

Auction Travels follows live auctions across America, road-trip discoveries, memorable places to stay, and the restaurants worth visiting along the way.

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