Pain Points
Pain Points
Core challenges in auto finance risk management
Vehicle Lost Contact
Overdue vehicles lost contact, cannot be located or recovered, high bad debt risk
Secondary Mortgage
Vehicles being re-mortgaged or resold, frequent ownership disputes
Collection Difficulties
High overdue collection costs, difficult vehicle recovery
High Bad Debt Rate
Financial risks hard to control, bad debt rate remains high
No Control
Cannot remotely control vehicles, limited risk control measures
Missing Data
Lack of vehicle operation data, difficult risk assessment