Select Aftermarket Parts, OEM Equipment, and Refurbishments
Complete After Market Parts, OEM Equipment and Refurbishments, to provide information used to make adjustments to the valuation.
How to
Select Common aftermarket parts for loss vehicle in this section for exterior, interior, mechanical, safety and more.
-
Select the check boxes next to the aftermarket parts for the loss vehicle.
-
Scroll down to Other After Market Parts and OEM Equipment.
Enter additional aftermarket part adjustments.
-
In the Other Aftermarket Parts and OEM Equipment section, select the part category in the Category list.
-
Enter a description of the part in the Description field.
-
Select one of the following in the Adjustments Type list:
-
Manual: Manually enter an adjustment amount in the Adjustment Amount field.
-
Quote: Send a request to the Mitchell Total Loss Service Center to research the listed part. The Service Center will return a dollar value.
Note: Requesting a Quote slows the report down as manual research needs to be completed.
Tip: You can also request a quote for any OE standard equipment part that is missing. Any part request described as missing standard equipment result in a deduction on the valuation report.
- Click Add Another After Market Part if you need to add another aftermarket part.
- Scroll down to complete the next section.
Enter refurbishment values like Engine /Transmission Replacement, Full Paint Job, and Full Tire Replacement.
-
In the Refurbishment section, select the part category in the Category list.
-
Enter a description of the part in the Description field.
-
Select one of the following in the Adjustments Type list:
-
Manual: Manually enter an adjustment amount in the Adjustment Amount field.
-
Quote: Send a request to the Mitchell Total Loss Service Center to research the listed part. The Service Center will return a dollar value.
Note: Requesting a Quote slows the report down as manual research needs to be completed.
Reference
Name | Description |
---|---|
Common Aftermarket Parts |
Mitchell has compiled a list of the most common aftermarket parts installed on consumer vehicles. The methodology used to determine the value for these parts is consistent with that of any aftermarket part valued by Mitchell Total Loss. The main difference between how a common aftermarket part is valued, compared to an item that requires further research, is the starting point, or the base value, has been predetermined. Base values for common parts are based on entry level equipment and is static between the various vehicle types.
|
Aftermarket Parts |
Primarily defined as, but not limited to; Engine /Transmission Replacement, Full Paint Job and Full Tire Replacement. Our refurbishment values have been derived using extensive research, both through dealer polling and outside publications. Additionally, all refurbishment values have been reviewed and validated by both our in house certified appraisal staff and through multiple third party resources. Engines and transmissions
The vehicles model year, whether the unit is new or rebuilt, and the mileage or age of the unit. In the case of engines and transmissions, there is a maximum value- add for specific year ranges and that maximum adjusts down depending on the mileage or age of the engine/transmission. However, in the case that a refurbishment is not simply a repair but is also a performance upgrade, we combine both our predetermined values with real time research, which usually consists of speaking with dealers in the loss vehicles local area to see what the upgraded performance might add to the market value. Paint
The age of the paint, type of vehicle (car, truck, van, SUV), year of vehicle, and the quality of the paint job, which is determined by the overall cost. In the case of new paint, we use a formula that determines the value based on a preset cost and the other factors that were previously mentioned. When the cost is supplied, we adjust that cost using the same formula. Tires
The cost of the tires and the amount of time that has passed or the mileage since they were installed. The calculation we use for tires is based on an average cost for tires and adjusted according to the mileage on them or the length of time they have been on the loss vehicle. However, when a specific tire has been provided (manufacturer, size, etc.) we obtain the current cost of the tire and adjust it accordingly.
|
Refurbishments |
Mitchell International’s aftermarket part methodology has been established by conducting extensive dealer polling, comparison of multiple third party publications, and various other industry trusted resources. Aftermarket parts are researched for value-add relevance and proprietary methodology is applied to derive the final value. The standard process entails validating value-add relevance and adjusting the base value according to internal adjustment schedules, refurbishments. |