9.2 Vehicle Evaluator

This topic provides information on the vehicle evaluator.

The Vehicle Evaluator screen allows user to calculate the value of a vehicle. User can use the Vehicle Evaluator screen to calculate the value of either a vehicle user are entering as the new collateral or vehicle currently listed as the application’s collateral.

The Vehicle Evaluator screen can be cleared or refreshed at any time by clicking Clear.

To calculate a vehicle value

1. On the Tools, click Tools. Under Tools, click Vehicle Evaluator.
   The Vehicle Evaluator screen displays.

   Figure 9-2 Vehicle Evaluator

   
   

   
   Description of "Figure 9-2 Vehicle Evaluator"

   
   
2. In the Vehicle Evaluator section, use Asset field to select the vehicle user want to appraise. This can be either NEW COLLATERAL or a vehicle entered on the Collateral link.
3. In the Vehicle Evaluator section, click Initialize. The system completes Valuation Source, Period and Region fields.
4. If needed, user can change the default contents of the fields in Vehicle Evaluator.
5. If user selected a vehicle from the Collateral link in step 3, information from the Vehicle section appears in Vehicle section in Vehicle Evaluator screen.
6. If user selected NEW COLLATERAL in step 3, complete the Identification #
   -or-

   Complete the fields in the Vehicle section.

7. In the Vehicle Evaluator section, click Evaluate.
   • If user have specified the vehicle identification number, system searches for the value of that vehicle with that identification number, then completes Vehicle Evaluator screen with information about that exact match.
   • If user completed the Vehicle section, system searches for the value of a vehicle matching that description.
   • In either case, the system displays following information about the vehicle:
   • In the Vehicle section, view the returned information:

   Table 9-8 Vehicle information

   Field	Description
   Year	Specify the asset year.
   Make	Specify the asset make.
   Model	Specify the asset model.
   Body	Specify the asset body style.
   Usage	Specify the asset usage or current mileage.
   Weight	Specify the asset weight.

   In the Valuation (Total Value) block, view the returned information:

   Table 9-9 Valuation (Total Value) block

   Field	Description
   MSRP	Displays the manufacturer’s suggested retail price value of the asset.
   Total	Displays the total value of the asset.
   Usage	Displays the adjusted usage value of the asset.

   In the Base and Attribute Value section, view the returned information:

   Table 9-10 Base and Attribute Valu

   Field	Description
   Base Retail	Displays the total retail value of the asset.
   Base Loan	Displays the base loan value of the asset.
   Base Trade	Displays the base trade value of the asset.
   Retail	Displays the retail value of the asset attributes.
   Loan	Displays the loan value of the asset attributes.
   Trade	Displays the base trade value of the asset attributes.

This section consists of the following topic:

• Attributes Tab
  This topic provides information on the attributes tab.