AM Online

New CAP launch

A risk management tool aimed at clarifying motor finance providers’ exposure to voluntary termination has been launched by CAP.

CAPcalc VT is designed to provide instant analysis of outstanding finance balances on risk vehicles compared with current and future market values, to allow lenders to estimate their financial exposure to voluntary termination.

Based on the fleet revaluation tool, CAPcalc, the system allows users to keep all sensitive financial information in-house, rather than involve third parties in the risk assessment process.

Annual losses to finance providers stemming from current voluntary termination regulations are put at as high as £83m.

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