Optimizing Residual Value Assessment For Fair And Accurate Vehicle Valuations
When assessing vehicle residual value, lenders, insurers, and automakers seek a balance between risk and reward. Excessive residual value can lead to overvaluation, resulting in higher loan amounts, insurance premiums, and market imbalances. Conversely, too low residual value may underestimate a vehicle’s worth, impacting resale value and trade-in offers. Ideally, residual value should reflect the …
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