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iPacket Value | Service Receipts

Tyler Astorg avatar
Written by Tyler Astorg
Updated over 2 weeks ago

🛠️ How to Use iPacket Service Receipts for Reconditioning Estimates

🎯 Purpose

Use iPacket’s live repair orders and service receipts from comparable vehicles to make data-driven reconditioning estimates during appraisals—replacing guesswork with documented costs.

🔑 Key Benefits

  • Access real-world reconditioning data
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  • Improve appraisal accuracy
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  • Protect gross profit
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  • Avoid under or overestimating reconditioning costs
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  • Apply insights—even for makes your store doesn’t typically handle (e.g., Range Rover at a non-Land Rover dealer)
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🧭 Step-by-Step Instructions

1. Log in to the iPacket Portal

  • Access your iPacket dashboard using your login credentials.
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2. Open the iPacket MSRP Puller highlighted in RED

  • Locate the “MSRP Puller” tool—highlighted in red on the portal
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3. Enter Vehicle Information

  • Copy and paste:
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    • Vehicle VIN Number
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    • Mileage
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4. Click ‘Pull Sticker’

  • Retrieves the manufacturer sticker info tied to that vehicle.
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5. Calculate iPacket Market Value

  • Use the market value calculation button at the bottom (highlighted in red).
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6. Locate Live iPacket Examples

  • Scroll to find listings marked in red—these indicate live iPacket entries with available service receipts.
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7. Access Service Receipts

  • Click into a live iPacket example.
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  • View detailed service and reconditioning receipts showing actual costs and work completed.
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8. Analyze and Apply the Data

  • Compare to the same year/make/model with similar miles
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  • Identify common repairs or maintenance items
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  • Use this data to build a realistic reconditioning estimate for your appraisal

Takeaways

  1. Using iPacket to view live repair orders on competitive sets (comp set) for reconditioning insights

  2. Accessing iPacket portal and using the iPacket MSRP puller (highlighted in red)

  3. Copy-pasting vehicle information starting with the number and miles for appraisal

  4. Pressing 'pull sticker' and calculating iPacket market value (button at bottom, highlighted in red)

  5. Leveraging service receipts within live iPacket listings to estimate reconditioning costs

  6. Applying insights to similar year/make/model with similar miles that have completed reconditioning

  7. Avoiding guesswork in reconditioning to reduce misses and protect gross

  8. Using past service and reconditioning data as a predictor of future expenses

  9. Gaining an upper advantage in appraisal accuracy and reconditioning expense calculation

  10. Target scenario: appraising a Range Rover Sport even if not a Land Rover dealer

Leveraging iPacket live repair orders (comp set) for reconditioning estimates

  • Keypoints

    • Live repair orders visible on comp sets provide current, actionable data

    • Service receipts in iPacket show actual reconditioning performed and costs

    • Comparative analysis should be done on similar year/make/model with similar miles

    • Data-driven reconditioning estimates help prevent over/under-allocating expenses

    • Improved precision in appraisal leads to better acquisition and gross outcomes

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