Vehicle Valuation

Last activity 19 June 2023 by XTang

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nsbnalin1New member19 June 2023 04:56:30

I am supposed to apply for loan in my country.. for that my bank asking for valuation of my car by certified valuar.I found many property valuares.. but they are not doing vehicle valuation....can somebody advise me how to certified valuation for vehicle..

XTangBahrain/UAE/Saudi Arabia Expert19 June 2023 05:26:23

11676

Just go to a used car showroom and ask them to give you a quote.

CremasNew member19 June 2023 06:53:14

@nsbnalin1 get hold of Kudzi @***, he is a P&M Valuer.

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CremasNew member19 June 2023 08:09:56

@XTang For a certified valuation, accepted by a Bank, he will need to approach RERA Approved Valuers. Car showrooms can give him an estimate, but it will not be certified as required by the Bank. The list of approved Vauers can be found on [link moderated]. However, in Bahrain only a few of the Licenced Valuers are doing valuations of P&M including vehicles.

XTangBahrain/UAE/Saudi Arabia Expert19 June 2023 08:14:01

11676

Yep. I didn't read his post clearly. Missed the point about certified.

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