Mileage Coefficient: Real-Time Usage-Based Vehicle Valuation
Mileage Coefficient dynamically adjusts a vehicle’s value based on actual mileage, offering a more realistic valuation tied to wear-and-tear. It improves accuracy in quoting, pricing, and depreciation modeling.
It allows insurers and dealerships to assess value and depreciation more precisely based on the vehicle’s actual usage. This reduces overvaluation risk and ensures fair, data-backed pricing for underwriting or resale.
Users input the current mileage during a vehicle valuation or quote. The system applies a mileage depreciation curve, adjusting the base value accordingly and returning a real-time market-reflective price via API or UI.
Objective and Accurate
Uses market-adjusted logic to account for real-world vehicle usage.
Real time Information
Provides mileage-based value adjustments instantly.
Seamless Integration
Easily applied as an add-on to valuation APIs or pricing modules.
Scalability and security
Reliable and scalable for any portfolio size, with secure data handling.
Versatile
Useful in trade-in pricing, used car valuation, and insurance pricing.
Market support
Currently active in UAE, KSA, and Oman with growing applicability