Research On Value Assessment Of Vehicle Mortgage Loan

In recent years,with the rapid development of China’s automobile industry,the huge car ownership also indicates the increase of vehicle mortgage business in the future.In the vehicle mortgage loan,the evaluation of vehicle is an important key link,and it is also the premise to control the risk of vehicle mortgage loan.Unfortunately,China’s vehicle evaluation industry is backward,and there is little research on the method of vehicle mortgage evaluation,which causes resistance to the safe development of vehicle mortgage loan,so as to establish a set of scientific,rigorous and suitable for vehicle mortgage loan valuation model is imperative.From the perspective of risk control of vehicle mortgage loan,this paper studies the key link of vehicle mortgage loan--Vehicle valuation.Firstly,this paper analyzes the current situation of China’s vehicle appraisal industry,expounds the particularity of vehicle valuation in vehicle mortgage loan,and subdivides the vehicle valuation problems faced by vehicle mortgage loan.Secondly,this paper introduces and compares the four existing vehicle valuation methods in China,and determines that the replacement cost method is the most suitable vehicle valuation method for China’s vehicle mortgage loan.Then,combined with the car loan business of bank x,this paper verifies the defects of the replacement cost method in vehicle mortgage valuation,so as to find the improvement direction.On this basis,this paper proposes to add the parameter of vehicle value preservation rate as the optimization of the original replacement cost method,and puts forward a set of new vehicle valuation model suitable for vehicle mortgage loan.Finally,the original case is used to verify the new valuation model.It is found that compared with the original valuation method,the new valuation model is more conducive to reduce loan losses,which is of practical significance to the later development of vehicle mortgage loan business..