1. Loan Servicing User Guide
  2. Tools
  3. Vehicle Evaluator

12.2 Vehicle Evaluator

The Vehicle Evaluator screen allows you to calculate the value of a vehicle. You can use the Vehicle Evaluator screen to calculate the value of either a vehicle you 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 Oracle Financial Services Lending and Leasing home screen, click Tools > Tools > Vehicle Evaluator.

    Figure 12-2 Vehicle Evaluator


    Description of Figure 12-2 follows
    Description of "Figure 12-2 Vehicle Evaluator"

  2. In the Vehicle Evaluator section, use Asset field to select the vehicle you 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, you can change the default contents of the fields in Vehicle Evaluator.
  5. If you 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 you 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 you 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 you 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 12-8 Vehicle information

    Field View this
    Year The asset year.
    Make The asset make.
    Model The asset model.
    Body The asset body style.
    Usage The asset usage or current mileage.
    Weight The asset weight.

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

    Table 12-9 Valuation (Total Value) block

    Field View this
    MSRP Manufacturer’s suggested retail price value of the asset.
    Total Total value of the asset.
    Usage Adjusted usage value of the asset.

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

    Table 12-10 Base and Attribute Valu

    Field View this
    Base Retail Total retail value of the asset.
    Base Loan Base loan value of the asset.
    Base Trade Base trade value of the asset.
    Retail Retail value of the asset attributes.
    Loan Loan value of the asset attributes.
    Trade Base trade value of the asset attributes.
This section consists of the following topic:

Parent topic: Tools