Used Car Valuation

Used Vehicle Valuation Services for Auto Loan Underwriters - CarDr.com

Used Auto Loans Market Share

Used Auto Loans Market Share

Fair Price - AI Suggested

Fair Price - AI Suggested

Over the last decade, lenders have gained significant market share of the auto loan market, filling a need of their borrowers, while delivering favorable rates relative to competitors.  

Vehicle Valuation & Inspection Report

Vehicle Valuation & Inspection Report

Credit unions took advantage of the void in the market left by banks and gained significant share across all credit tiers except subprime.  With this focus and growth in their portfolio, there is significant risk that comes with that, putting pressure on the underwriters to understand an accurate assessment of the vehicle.  CarDr.com is the one stop solution to allow lenders to understand the value of the vehicle (asset) so they can give an appropriate LTV and interest rate for the risk they are taking by underwriting used auto loans.

Through its proprietary AI technology, CarDr.com will be the loan officers’ eyes and ears inspecting used vehicles accurately and efficiently, delivering true market value of the vehicle.  The CarDr.com’s AI Fair market value of the vehicle will allow the lender to assess and structure loans to fully understand the risk of this asset backed loan.  

Why should Auto Loan Lender Underwriters require CarDr.com Vehicle Inspection Reports and AI Suggested Price for asset valuation


Valuation Accuracy

AI Analytics Valuation: AI Suggested Vehicle Price Fair Market Price

Receive accurate and transparent retail price value on the used vehicle, based on actual condition – NOT just NADA and CarFax

Speed

Quick turnaround, typically within 1 business day.

Value Add & Convenient

Delighted borrowers: By partnering with CarDr.com, lenders will further cater to their borrowers – helping them to buy a more reliable used car with better long-term value. So, the Used Vehicle buyers can feel more confident in their purchase.

How do you get a CarDr.com AI Market Value Report & CarDr.com Inspection Report

Step 1:  

Borrowers applying for an auto loan should schedule a vehicle inspection online at CarDr.com or call 1-800-932-1120.

CarDr.com instantly assigns the vehicle inspection to a local inspector - who uses CarDr.com’s comprehensive vehicle inspection application and OBD adapter, so nothing is missed!

Step 2: 

CarDr.com provides a Vehicle Inspection Report with an AI Fair market Value – Typically within minutes of the inspection completion. The process usually takes less than 1 business day - so that the lender and borrower are comfortable with the loan/purchase.

Questions? Please call 1-800-932-1120