The appraisal is the most critical part of the approval process because it determines your loan amount. Lenders need to verify that your car exists and matches the condition you described.
Option A: In-Person Inspection
If you go to a storefront lender, a staff member will walk out to the parking lot with a clipboard or tablet. They will:
- Check the odometer to verify mileage.
- Start the engine to ensure it runs smoothly.
- Walk around the car looking for major body damage (dents, rust).
- Check the interior for condition (upholstery rips, dashboard lights).
This takes about 5-10 minutes.
Option B: Online Photo Inspection (Virtual)
Many online lenders now allow you to "self-inspect." You will be asked to upload specific photos from your smartphone:
- Driver's side angle
- Passenger side angle
- Front and Back (with license plate visible)
- Dashboard (showing odometer and VIN)
- Under the hood
Tip: Clean your car before taking photos. A dirty car looks older and less valuable, which could result in a lower loan offer.
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Sarah Jenkins
Financial EditorSarah is a financial expert with over 10 years of experience in consumer lending. She is dedicated to transparency in the lending market.
