CourseRestoration & Classics Applications open

Course in Classic and Collectible Vehicle Valuation

Online 300-hour course in classic and collectible vehicle valuation. 6 modules covering International Valuation Standards (IVS), UNE 197001:2019 (expert reports and opinions) and advanced Excel. Assigned tutor and open enrolment.

Duration300 h
ModeOnline
LanguageEnglish
Start datesSet by the faculty
AwardSEIUM Institute certificate
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Learning outcomes

What you will be able to do

01

Describe the valuer's profession and its responsibilities.

02

Apply recognised condition scales to classify vehicles.

03

Carry out a technical inspection geared to valuation.

04

Analyse market data and select reliable comparables.

05

Write a sound, defensible valuation report.

06

Defend the report before clients, insurers or courts.

07

Organise the valuer's professional practice on ethical principles.

Profile

Who it's for

  • Classic vehicle valuer who wishes to specialise in valuation of classic and collectible vehicles.
  • Judicial expert in collectible vehicles who wishes to specialise in valuation of classic and collectible vehicles.
  • Insurance valuer who wishes to specialise in valuation of classic and collectible vehicles.
  • Specialist at an auction house who wishes to specialise in valuation of classic and collectible vehicles.
  • Investment adviser in collectible vehicles who wishes to specialise in valuation of classic and collectible vehicles.
  • Classic car purchase inspector who wishes to specialise in valuation of classic and collectible vehicles.
  • Graduates in engineering or sciences seeking to enter expert valuation.
Standards & tools

What you'll work with

  • International Valuation Standards (IVS)
  • UNE 197001:2019 (expert reports and opinions)
  • FIVA Technical Code
  • ISO/IEC 17024 (certification of persons)
  • Spanish Civil Procedure Law 1/2000 (expert opinion)
  • Royal Decree 892/2013 (Historic Vehicles Regulation)
  • VAT Law 37/1992 (special scheme for collectibles)
Syllabus

6 modules · 300 h

  1. 1.1Why a valuation is requested
  2. 1.2Valuation for insurance, inheritance and litigation
  3. 1.3Valuation for financing and for sale
  4. 1.4Valuer profile and qualifications
  5. 1.5Legal framework and civil liability
  6. 1.6Sector standards and good practice
  7. 1.7Independence and impartiality
  8. 1.8Instruction, fees and scope
  9. 1.9Client confidentiality
  10. 1.10Workshop: defining the scope of an instruction
  1. 2.1Condition scales from one to five
  2. 2.2Definition of each level
  3. 2.3Originality versus restoration
  4. 2.4Concours and road-use restoration
  5. 2.5Vehicle preserved with patina
  6. 2.6Unfinished project and its value
  7. 2.7Documenting condition by area
  8. 2.8Standardised inspection photography
  9. 2.9Consistency between inspectors
  10. 2.10Practice: grading five vehicles
  1. 3.1Inspection protocol and its sequence
  2. 3.2Verification of identity and numbering
  3. 3.3Structure, bodywork and corrosion
  4. 3.4Mechanics and operation
  5. 3.5Interior, finishes and equipment
  6. 3.6Originality of parts and finishes
  7. 3.7Detecting recomposition and fraud
  8. 3.8Road tests and their limits
  9. 3.9Supporting technical reports
  10. 3.10Practice: full inspection of a vehicle
  1. 4.1Data sources and their reliability
  2. 4.2Auction results and how to read them
  3. 4.3Private sales and their opacity
  4. 4.4Listings and asking prices
  5. 4.5Adjustments for specification and market
  6. 4.6Adjustments for documentation and provenance
  7. 4.7Effect of competition history
  8. 4.8Vehicles without comparables
  9. 4.9In-house data register
  10. 4.10Practice: selecting and adjusting comparables
  1. 5.1Structure and content of the report
  2. 5.2Assumptions, scope and limitations
  3. 5.3Valuation date and its importance
  4. 5.4Value range and its justification
  5. 5.5Photographic and documentary annexes
  6. 5.6Signature, qualifications and valuer's insurance
  7. 5.7Delivery and explanation to the client
  8. 5.8Use of the report by third parties
  9. 5.9Defending the report in litigation
  10. 5.10Practice: writing and defending a report
  1. 6.1Client acquisition and reputation
  2. 6.2Relationships with insurers and lawyers
  3. 6.3Conflicts of interest and their management
  4. 6.4Client pressure on the figure
  5. 6.5Money laundering signals and duty to report
  6. 6.6Continuing training and updating
  7. 6.7Archive of valuations carried out
  8. 6.8Common valuer errors
  9. 6.9Documented real cases
  10. 6.10Final project: full valuation of a collectible vehicle
Methodology, software & labs

How you'll learn

Training is 100% online on the SEIUM campus, with downloadable material, recorded classes and an assigned technical tutor. There are no fixed timetables: students progress at their own pace within the enrolment period, which makes it possible to combine the course with work.

Each module combines theory, guided reading of the original standard and applied exercises. The working software is Advanced Excel, Power BI, Python (pandas), Lightroom Classic, in free, academic or trial versions. Tests are studied using real technical inspection procedures for valuation, analysis of market comparables, and the drafting and defence of a valuation report. Assessment is continuous, module by module, plus the final integrating project.

Accreditable laboratories(EN ISO/IEC 17025) with rotor test rig, EMC/Lightning pre-compliance, HIL/SIL, vibration/acoustics.
Evidence-oriented final project:safety case, test plan, compliance dossier and operational limits.
Industry mentoring:lecturers with a track record in training, , eVTOL/UAM and flight test.
Flexible format(hybrid/online), international cohorts and support from SEIUM Career Services.
Ethics and safety:safety-by-design approach, OT cyber-security, DIH and compliance as its pillars.
Capstone project

Build it end to end

Your final project follows the real engineering workflow, step by step, reviewed by your tutor.

Client acquisition and reputation

Describe the valuer's profession and its responsibilities.

Relationships with insurers and lawyers

Apply recognised condition scales to classify vehicles.

Conflicts of interest and their management

Carry out a technical inspection geared to valuation.

Client pressure on the figure

Analyse market data and select reliable comparables.

Money laundering signals and duty to report

Write a sound, defensible valuation report.

Career opportunities

Where this takes you

Classic car valuerJudicial expert in collectible vehiclesInsurance valuerAuction house specialistCollectible vehicle investment adviserClassic car purchase inspector
Admissions & scholarships

Requirements

  • No prior degree required.
  • Internet connection and a computer capable of running the programme's software.
  • Spanish proficiency sufficient to follow technical regulatory texts.

Ready to start?

Send your application today. Our admissions team replies within 72 hours with your study plan and funding options.

FAQ

Frequently asked questions

The programme totals 300 hours, spread over 3 to 5 months. That is between 10 and 15 hours a week on average, compatible with a full-time job.

You will work with Advanced Excel, Power BI, Python (pandas), Lightroom Classic. Free, academic or trial versions are used, and the tutor indicates the free alternative where one exists.

A SEIUM Institute own diploma upon passing the continuous assessment and the integrating project. It is in-house training, not an official qualification from the Ministry.

Yes. Modules passed in a course or postgraduate diploma in the same area are credited towards the advanced programme. Check the credit transfer policy when you enrol.

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