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Knowledge of after-repair value. Negotiating skills. Resources or know-how of common issues for certain models and how to fix them. The ability to market and resale used vehicles.
Average rectified value, in mathematics and electrical engineering, the average of an absolute value; After-repair value, estimated of the value of a real estate property after repair for flipping; ARV, IATA code for Lakeland Airport in Minocqua and Woodruff, Wisconsin
It works because mortgage lenders use the after-repair value (ARV) when calculating your maximum loan amount. Imagine you buy a property for $100,000 and put $50,000 of repairs into it, driving ...
The term replacement cost or replacement value refers to the amount that an entity would have to pay to replace an asset at the present time, according to its current worth. [1] In the insurance industry, "replacement cost" or "replacement cost value" is one of several methods of determining the value of an insured item. Replacement cost is the ...
(1) Inherent diminished value (2) Repair-related diminished value Inherent Diminished Value assumes proper repair has been completed and is defined as the amount by which the market value of the repaired vehicle is less than the market value of the same vehicle before the accident. Almost every vehicle that experiences an accident suffers a ...
For example, assume that an aircraft is damaged in an accident, such as a gear-up accident. The value in the before condition assumes that the aircraft is not about to be damaged. Normally, the impact on value of the damage is measured as the cost to repair, but after a repair the result is an aircraft with a substantial damage history.
In insurance claims, a total loss or write-off is a situation where the lost value, repair cost or salvage cost of a damaged property exceeds its insured value, and simply replacing the old property with a new equivalent is more cost-effective.
Three people were shot and one person was stabbed following what authorities believe to be a family dispute at a restaurant in the Phoenix Sky Harbor International Airport.