Digital vehicle valuation for used vehicle floorplan financing
Assess and finance used vehicles with greater transparency: In dealer floorplan financing, a general market value is often not enough. The actual condition of the vehicle, visible damage and complete documentation are key factors.
EXCON combines digital vehicle capture at the dealership with AI-powered damage detection and vehicle valuation. Dealers capture the vehicle easily using a smartphone. Banks receive a transparent, condition-based vehicle value and a rules-based recommendation for allocating the vehicle to the dealer's credit line.
Greater transparency for banks and dealers in vehicle valuation
Used vehicles come from different sources, including lease returns, trade-ins, auctions and open-market purchases. As a result, the quality and scope of available vehicle data can vary considerably.
EXCON creates a standardized digital process for vehicle data, documents, images and condition assessment. Dealers benefit from simple vehicle capture and faster feedback. Banks receive complete and comparable data for the specific asset being financed.
How digital vehicle valuation works
Capture the vehicle digitally
The dealer receives access to the browser-based vehicle capture process via QR code, email or SMS. No app installation is required.
The information captured can include:
- VIN and core vehicle data
- mileage and equipment
- dealer ID and location
- vehicle registration/title document
- relevant supporting documents
- standardized exterior and interior images
- detailed images of visible damage
- vehicle source
Mandatory fields and capture guidance help ensure complete and comparable data.
Automatically verify data and images
Submitted information is checked for completeness, plausibility and image quality.
AI additionally analyzes vehicle images for visible damage and value-reducing features. Cases that cannot be assessed conclusively can be referred for manual review.
Determine the vehicle-specific value
Vehicle data is combined with established market and valuation data, for example from Eurotax or Schwacke.
The documented vehicle condition, visible damage and defined value adjustments are then taken into account. This creates a valuation recommendation for the actual vehicle submitted rather than merely for a statistically comparable model.
Factors may include:
- model, age and mileage
- equipment and market data
- vehicle condition and visible damage
- value deductions
- bank-specific valuation rules
Send a funding recommendation to the bank
The bank receives a standardized digital assessment report containing all relevant vehicle, document and valuation data.
This may include:
- VIN and core vehicle data
- mileage and documents
- vehicle images and identified damage
- base value and value deductions
- resulting vehicle value
- assessment status and exceptions
- recommendation for allocation to the dealer floorplan credit line
The information can be transferred via API, structured data file or PDF report.
More than a traditional market valuation
Traditional vehicle valuations primarily consider model, age, equipment, mileage and market data. The actual condition of the individual vehicle is often taken into account only to a limited extent.
EXCON supplements this information with:
- images of the actual vehicle
- documented mileage
- visible condition and damage
- vehicle documents
- clear dealer attribution
- transparent value deductions
- bank-specific financing rules
The result is a specific vehicle value and funding recommendation rather than a general indicative market value.
Apply individual financing rules
The market value does not necessarily correspond to the value accepted for financing purposes. Bank-specific assessment, deduction and approval rules can therefore be incorporated.
Possible criteria include:
- vehicle age and mileage
- vehicle category
- minimum and maximum values
- maximum permitted damage amount
- valuation deductions
- document completeness
- dealer status and available credit line
- required manual approvals
Based on these criteria, the solution can return three outcomes:
- Funding is recommended.
- Manual review is required.
- Financing criteria are not met.
The final financing decision remains with the bank.
Benefits for banks and finance providers
- More robust valuations: Market data is supplemented with images, documents and the actual condition of the vehicle.
- Standardized data basis: All dealers and locations follow the same structured process.
- Faster processing: Automated checks reduce queries and manual rework.
- Transparent value deductions: Damage and value reductions are clearly documented.
- Early risk indicators: Discrepancies between submitted data, documents, images and valuation become visible at an early stage.
- Individual decision logic: Financing, approval and escalation rules can be integrated into the process.
Benefits for automotive dealers
- Easy to use: Vehicle capture is browser-based and works on smartphones and tablets.
- Faster clarity: Complete data and standardized workflows accelerate the assessment process.
- Fewer follow-up queries: Mandatory fields and real-time guidance identify missing information during capture.
- Less administrative effort: Vehicle data, documents and images are submitted in one process.
- Consistent workflow: The same capture standards apply regardless of vehicle source, location or employee.
Digital used vehicle assessment for different vehicle sources
The digital vehicle valuation solution can be used flexibly for:
- lease returns
- trade-ins
- open-market purchases
- auction vehicles
- fleet and rental vehicle returns
- vehicles sourced through dealer marketplaces
- internal stock transfers within dealer groups
Regardless of the source, the bank receives a standardized set of vehicle data, documents, images, condition assessment and valuation recommendation.
Simplify used vehicle capture within the financing process
EXCON combines straightforward digital vehicle capture at the dealership with condition-based valuation and bank-specific financing rules.
The result is faster processing, fewer queries and a transparent basis for decision-making for both banks and dealers.
Request more information about the used vehicle valuation solution
Frequently asked questions about used vehicle valuation
What is digital vehicle valuation for dealer floorplan financing?
Vehicle data, documents and images are captured and assessed digitally. The bank receives a vehicle-specific valuation recommendation and a basis for allocating the vehicle to the dealer floorplan financing facility.
How does the solution differ from a traditional vehicle valuation?
In addition to vehicle and market data, EXCON considers documented condition, visible damage, images and vehicle documents.
Does the dealer need to install an app?
No. Vehicle capture is browser-based and accessed via a link or QR code.
How is vehicle damage taken into account?
AI analyzes submitted images for visible damage. Identified damage can be reflected as a value deduction in the valuation.
Can technical faults or hidden damage be detected?
No. Image-based assessment can only evaluate visible characteristics. Technical defects and hidden damage require additional inspection.
Is the market value automatically the financing value?
No. Bank-specific risk, deduction and approval rules can also be applied.
Does the solution automatically decide whether financing is approved?
No. The solution provides a rules-based funding recommendation. The final decision remains with the bank.
Can the solution be integrated into existing systems?
Yes. Data, documents, images and assessment results can be transferred via interfaces to existing dealer, credit and inventory management systems.
