When a salvage value is stated, what must the appraiser disclose to the consumer?

The necessary disclosure regarding salvage value is centered on the details that directly impact the consumer's understanding of the vehicle's worth and condition. In this context, providing the name and address of the bidder is crucial because it offers the consumer transparency about who is involved in the transaction. This information is vital, as it can affect the decision-making process for the consumer, allowing them to verify legitimacy and possibly inquire further about the bidder's reputation and processes.

Disclosing the name and address of the bidder enables the consumer to understand not just the salvage value assigned to the vehicle, but also who stands to gain from that valuation. This level of openness fosters trust and promotes informed choices in salvage and insurance dealings.

While the other options might provide additional relevant data about the vehicle's general characteristics or condition, they do not directly relate to the implications of salvage value in the same way that disclosing bidder information does. The emphasis here is on ensuring the consumer has access to pertinent details that can influence their financial and legal responsibilities in relation to the vehicle.