Vehicle Adjustments
The Vehicle Adjustments section of the Valuation Request Worksheet provides information that is used to make adjustments to the valuation based on the condition of the vehicle, after market parts, refurbished part, and prior damage.
WorkCenter Total Loss offers a choice of two condition rating methods. The setting is determined by the Condition Rating Type field in the application profile of the carrier. The settings are "Age" and "Universal," which is the default. The "Universal" condition rating compares the loss vehicle to a predetermined conditioning rating, based on the combined vehicle year and vehicle segment data. The age-specific methodology rates all vehicles as a "3" out of a possible "5."
The Adjustment Type can also be set to "Discreet" or "Continuous" in the carrier profile. With a "Discreet" adjustment, the Overall Condition Rating changes from one level to the next to reflect the amount of the adjustment. With a Continuous Adjustment, even a small adjustment made to an item in a sub-category can cause a "ripple-through" effect that results in a change to the overall vehicle condition adjustment.
Condition Adjustment
Note: If the condition ratings are outside the typical vehicle condition score set in your company profile, you may see an anomalous condition warning before proceeding with your valuation. If you see this warning, you can confirm or return to correct the condition ratings. Valuations submitted with anomalous conditions trigger audit task assignments.
| Field | Definition |
| Interior |
Select the option that best describes the condition of the vehicle interior for each item. Rate each item:
Select the ratings in the column for each item:
Hover over the rating for each item for rating definitions. |
| Comments | Enter any comments related to the Interior condition of the vehicle or a related component. Total Loss condition comments have been extended from 60 characters to 255 characters. |
| Exterior |
Select the option that best describes the condition of the vehicle exterior. To describe each exterior item separately, click Expand. Rate each item:
Select the ratings in the column for each item:
Hover over the rating for each item for rating definitions. |
| Comments | Enter any comments related to the Exterior condition of the vehicle or a related component. |
| Mechanical |
Select the option that best describes the condition of the vehicle exterior. To describe each exterior item separately, click Expand. Rate each item:
Select the ratings in the column for each item:
Hover over the rating for each item for rating definitions. |
| Comments | Enter any comments related to the Mechanical condition of the vehicle or a related component. |
| Tires |
Select the option that best describes the condition of the vehicle tires. To describe each tire separately, click Expand. Select the ratings in the column for each item:
Hover over the rating for each item for rating definitions. |
| Comments |
Enter any comments related to the condition of the vehicle tires. |
| Reset | Select Reset to clear all entries in the section. |
| Comments |
Enter any general or overall comments related to the condition of the vehicle. |
Prior Damage
| Field | Definition |
|
Description |
Enter a description of any prior damage to the vehicle. |
|
Adjustment Type |
Select the Adjustment Type, e.g., subtract cost, percentage, Mitchell Derived Amount. |
|
Adjustment Percentage |
Enter the Adjustment Percentage after selecting the adjustment type of percentage. |
|
Adjustment Amount |
Enter the amount to be adjusted for the prior damage, and press ENTER to save the record. |
|
Click to delete the Prior Damage record. |
Common After Market Parts
| Field | Definition |
|
Exterior |
Select the common exterior equipment associated with the vehicle. |
|
Interior |
Select the common interior equipment associated with the vehicle. |
|
Mechanical |
Select the common mechanical equipment associated with the vehicle. |
|
Safety/Other |
Select the common safety and other equipment associated with the vehicle. |
Other After Market Parts and OEM equipmen
| Field | Definition |
| Category |
Select the Category that applies to the aftermarket part:
|
| Description |
Enter a description of the aftermarket part. |
|
Adjustment Type |
Select the method to be used to calculate the adjustment from the following:
Note: The automatic depreciation method applies depreciation on a monthly basis by applying a fractional depreciation each month. |
|
Purchase Date |
If the Adjustment Type is set to Automatic, enter the date the aftermarket part was purchased, or click the Calendar and select the date. Format: mm/dd/yyyy |
|
Amount Paid |
If the Adjustment Type is set to Automatic, enter the amount paid for the aftermarket part. |
|
Adjustment Amount |
|
|
|
Click to delete the After Market Part record. |
Refurbishments
| Field | Definition |
|
Category |
Select the category of refurbished part from the list:
|
|
Description |
Enter a description of the refurbished part. |
|
Adjustment Type |
Select the method to be used to calculate the adjustment from the following:
Note: The automatic depreciation method applies depreciation on a monthly basis by applying a fractional depreciation each month. |
|
Purchase Date |
If the Adjustment Type is set to Automatic, enter the date the refurbished
part was purchased, or click the Calendar and select the date. Format: mm/dd/yyyy |
|
Amount Paid |
If the Adjustment Type is set to Automatic, enter the amount paid for the refurbished part. |
|
Adjustment Amount |
|
|
|
Click to delete the Refurbishments record. |
Settlement Adjustments
| Field | Definition |
|
Description |
Enter a description for the settlement adjustment, e.g., Dealer Prep Fee. |
|
Adjustment Type |
Select an adjustment type (Pre/Post-Tax) |
|
Adjustment Amount |
Enter an adjustment amount. After entering an adjustment amount, press the Enter or Tab key to add additional lines. |
|
|
Click to delete the Settlement Adjustments record. |
Related topics
