Appraise and valuate used vehicles

COURSE PURPOSE

The learner is capable of establishing the status and value of a used vehicle with a view to bring such vehicle into the organisations used vehicle trading stock and to enhance the buying/selling opportunity of another vehicle. This unit standard makes provision for the automotive retail industry with special reference to appraising and valuating second hand vehicles in the following categories; Light commercial vehicles; passenger vehicles; recreational vehicles; Motor cycles; Tri-cycles; Quad cycles; Boats, light and heavy commercial vehicles, agricultural vehicles and Off Road (ATR) vehicles. The purchase of used vehicles includes local and purchases from abroad.

WHAT YOU’LL LEARN

Upon achieving this unit standard, the learner will be able to thoroughly verify the status of used vehicles, conducting comprehensive inspections and evaluations to determine their condition and history. They will be adept at preparing an offer for the used vehicle, considering factors such as its age, mileage, and current market value to ensure a fair and competitive proposal. Furthermore, the learner will possess strong negotiation skills, enabling them to agree on a final offer to purchase that satisfies both the buyer and the seller. They will be capable of handling all aspects of the transaction professionally, ensuring a smooth and efficient process from initial inspection to final agreement.