If you’re looking to sell your vehicle or switch your motor insurance provider, the first step in the process is to get a full vehicle valuation and assessment of your car’s road worthiness.
If you’re buying or selling a used vehicle in Barbados, you’ll need to get an idea of its fair market value and general condition in order to advertise the vehicle, negotiate the price and finalize the transaction. If you’re requesting a loan to buy a used car and plan to use your vehicle as collateral, the financial institution will request a valuation that proves how much the vehicle is worth.
Maybe you’re simply switching motor insurance providers because you found a better rate or you weren’t satisfied with the service you were getting. In this case, insurance providers will most likely request an assessment of road worthiness and a vehicle valuation to determine the realistic car value and provide an accurate rate for your new insurance policy.