VIP Exclusive
CAA Certified Automotive Appraiser VIP Practice Exam
CAA — The Certified Automotive Appraiser (CAA) designation is issued by the American Society of Automotive Appraisers (ASAA); the exam covers vehicle valuation methodologies, diminished value, total loss, physical damage assessment, report writing, and market analysis, typically consisting of 100 multiple-choice questions with a 75% passing threshold.
29
Questions
120m
Time Limit
75.00%
To Pass
Question 1 of 29👑 VIP
A 2021 Ford F-150 XLT with 38,000 miles was involved in a moderate rear-end collision. The repair estimate is $6,200. The vehicle's pre-loss retail value is $38,500 and its trade-in value is $34,000. The insurance company's policy states total loss is declared when repair costs exceed 75% of ACV. Which of the following correctly describes the appraiser's first step in determining whether a total loss threshold has been met?
Questions 2–29 and full explanations are VIP-exclusive.