What information about parts must be included in the appraisal?

The correct answer emphasizes the importance of the location of LKQ (Like Kind and Quality) or aftermarket parts in an appraisal. When appraising a vehicle, knowing where these parts come from is essential for determining their value, quality, and suitability for the specific vehicle. LKQ parts are often used as replacements in auto repairs because they match the original parts used in the vehicle, which can significantly affect the value of the appraisal. Similarly, aftermarket parts may not always meet the same standards or durability as OEM (original equipment manufacturer) parts, and their placement must be noted to provide a complete and accurate assessment.

Understanding the specific location of these parts helps appraisers provide a clearer picture of the vehicle's condition and repair quality. It is a critical piece of information that can influence the overall appraisal value. In contrast, while the vehicle's year and model, the brand of parts used, and warranty details may be important, they do not capture the immediate impact on value and repair quality that the location of the parts does.