Appraisals consist of developing an opinion of the value of a specific vehicle.
They differ from inspections in the sense that they also take into account market fundamentals such as the amount of supply and demand that exists in a particular geography for a particular vehicle. In addition, the same vehicle will have several different kinds of appraisal values. For example, each vehicle has a different wholesale, trade-in and retail appraisal value. Greenslip specializes only in retail appraisals. Retail appraisals are needed in a number of different situations.