Finance with better evidence.
Give lenders access to verified electric vehicle data that can support asset valuation, residual value assessment, LTV decisions and ongoing risk management.
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Residual values, guaranteed future values and balloon payments are usually set on averages for the model and mileage. A verified record of how each vehicle has been used gives lenders a basis for the individual asset.
Under IFRS 9, expected credit loss estimates depend on what a vehicle is worth if a loan defaults. For an electric vehicle, that value turns on the battery. A verified usage history gives credit teams evidence for it.
- Residual value assessment
- Guaranteed future value and balloon setting
- LTV inputs
- Asset valuation
- Portfolio monitoring
- End-of-term vehicle assessment
- Used-EV risk assessment
- Green and sustainability-linked finance
Back your next EV decision with evidence.
We're developing Radix for the decisions made about electric vehicles: finance, insurance, warranty and resale.
For organisations exploring a pilot, integration or strategic partnership.