The Current Market Price Of The Used Car Assessment Method

Income approach, cost approach and market approach are the three basic appraisal methods acknowledged in the international appraisal market, the used motor vehicle as an asset, its appraisal methods also have the three methods. In our country, the market method is not well applied in the used motor vehicle's appraisal, it has many reasons, but in the market economy environment, applying market approach to the used vehicle's appraisal is in favor of accepting by the bargainers, predigesting the trade process and promoting the market economy. First of all, this paper summarizes the status of the used vehicle's market and its appraisal, analysis the mean, method and routine of the research on applying the market approach to used vehicle's appraisal. On this base, it introduces the used vehicle's appraisal knowledge, from appraisal hypothesis, application condition, advantage and disadvantage, especially the market approach. This paper stresses used vehicle's market approaching model, including the establishing technical condition index score standard, filtering the important index, modulating the reference car's trade price, calculating the power of the reference modulated prices and the appraised vehicle's price. Fllowing, this paper exploits a computer aided appraising system as a tool to validate the established model, analysising the interface and flow chart. Then applying case to demonstrate the system. In order to validating the model, we investigate the used vehicle market, apply the case to validate the model. Finally, this paper summarizes the research's achievement, analyzes the flaw of the model and gives the promoting direction.