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Appraise a Repossession Vehicle

Establish a repossessed vehicle's recovery value from market-source valuations, adjusted for its actual condition.

Required Editions

Available in: Enterprise, Unlimited, and Developer Editions.
User Permissions Needed
To appraise a repossession vehicle: Industries Repossession Management
To create Appraisal records: Industries Repossession Management, with Appraisal Management enabled

Appraisal Management and Automotive Components for Appraisal Management must be enabled. See Permissions and Features for Appraisal Management. For the one-provider-value behavior, see Vehicle Appraisal for Repossession in Automotive Cloud.

Run the guided appraisal wizard from a Repossession to capture vehicle details and condition, review market-source valuations, and record a final adjusted value.

  1. From the Repossession record, open the Collateral tab.
  2. For the collateral you want to value, click Create Appraisal to launch the appraisal wizard.
  3. Review the populated vehicle fields.
  4. Select Ownership Type and Trim Type, and enter mileage and its unit.
  5. Click Next.
  6. Select the vehicle condition, and click Next.
  7. Review valuations from each market source, and select one Provider Value.
    The wizard uses only the provider you select; it doesn't combine valuations across providers.
  8. Click Next.
  9. Review and adjust the proposed valuation.
    Verify Selected Provider and Provider Value, enter an Adjusted Value (Final Value is calculated), select Adjustment Type, and enter Adjustment Reason.
  10. Click Submit.

The wizard creates the appraisal with your final adjusted value and displays it on the Collateral tab for that repossession item.