---
schema_version: "1"
id: eb05582f648d72cfeedaa9d168f321592decc0ff3653bec192d15082adf04261
title: Create Product Classifications for Vehicle and Asset Lending
collection: admin
version: current
locale: en-us
portal_url: https://docs.salesforce.com/admin/current/en-us/ind/264-0-0/auto_finance_lending_setup_create_classification.md
canonical_url: https://help.salesforce.com/s/articleView?id=ind.auto_finance_lending_setup_create_classification.htm&release=264.0.0&type=5
source_site: help.salesforce.com
content_type: documentation
content_hash: 200fae652618617319f170f6bb9518b1cda576f1224ba0d632e6b11f27880189
description: Create product classifications for the different types of financial products that you offer for sale to your customers. When you relate specific attributes to a product classification, you can differentiate products at a granular level. For example, create a product classification for all loan type products and relate attributes such as loan term, maximum loan amount, and minimum loan amount. For each attribute, you can also specify a default value. All products that you create based on a classification automatically inherit the attributes.
products:
  - Automotive
release: "264"
---
# Create Product Classifications for Vehicle and Asset Lending

Create product classifications for the different types of financial products that you offer for sale to your customers. When you relate specific attributes to a product classification, you can differentiate products at a granular level. For example, create a product classification for all loan type products and relate attributes such as loan term, maximum loan amount, and minimum loan amount. For each attribute, you can also specify a default value. All products that you create based on a classification automatically inherit the attributes.

### Required Editions

<table class="slds-table slds-table_bordered slds-max-medium-table_stacked slds-m-bottom_small edition"><colgroup><col></colgroup><tbody><tr class=""><td class="slds-cell-wrap" style="vertical-align:top;">Available in: <strong>Enterprise</strong>, <strong>Unlimited</strong>, and <strong>Developer</strong> Editions.</td></tr></tbody></table>

<table class="slds-table slds-table_bordered slds-max-medium-table_stacked slds-m-bottom_small permission">
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            <th scope="colgroup" class="slds-cell-wrap" colspan="2" style="text-align:center;vertical-align:top;" id="d13285e63">User Permissions Needed</th>
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            <td data-label="User Permissions Needed" class="slds-cell-wrap" style="vertical-align:top;" headers="d13285e63 ">To create product classifications:</td>

            <td class="slds-cell-wrap" style="vertical-align:top;" headers="d13285e63 ">Product Catalog Management Designer permission set</td>

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1. From the App Launcher select **Product Catalog Management**, and then click **Product Classifications**.
2. From the classifications list view page, click **New**.
    1. Enter a name and code for the product classification.
        
        For name, you can enter Vehicle Loan.
    2. For status, select **Active**.
    3. Save your changes.
3. Go to the Attributes tab of the classification record.
    1. Click **Assign**.
    2. Select **Assign individual attributes**.
    3. Click **Next**.
    4. Click **Uncategorized**.
        
        All active attributes are displayed for selection.
    5. Select the checkboxes beside all the attributes and click **Assign**.
    6. Click the hyperlink for the MaxLoanAmount or click in the row and click **Edit**.
    7. For Default Value, enter a number.
        
        For example, enter 90,000.
    8. Save your changes.
    9. Repeat steps 3f-3h for the MinLoanAmount, OfferValidPeriod, and LoanTerm attributes.
    10. For the OmniScriptName attribute, enter default value as AutomotiveLending\_SelfIntakeApplication\_MultiLanguage.
    11. Save your changes.
4. Repeat the steps to create a product classification for Vehicle Lease and assign the same attributes.
    
    Provide different default values as required. For the OmniScriptName attribute, keep the same default value as step 3j.