CAP Valuation Anywhere helps fight against car finance fraud

Valuations Giant CAP is helping police to fight against car finance fraud with its Valuation Anywhere system. Through this device CAP provides used values as SMS text message and on a web service. In a unique partnership between the Association of Chief Police Officers (ACPO) and the Finance & Leasing Association, the Vehicle Crime Intelligence Service (AVCIS) has recovered almost £3 million of stolen or fraudulently-obtained vehicles since September 2007. This system enables officers to identify and value recovered vehicles instantly via mobile phone or web service, providing essential additional information to support investigations. Valuation Anywhere was initially designed by CAP for car dealers and other automotive professionals, who use it to accurately and instantly value vehicles without the need to consult a bulky printed price guide. Users receive mileage-adjusted, industry-recognised, benchmark used car or van values in seconds by simply sending the vehicle registration mark and mileage from their mobile phone. The system runs in tandem with a web application, which offers additional pricing-related data when the user returns to their office. It was CAP’s relationship with the Finance & Leasing Association - many of whose members rely on CAP used values to maximise profit and manage risk - which led to the adoption of Valuation Anywhere by AVCIS. Detective Chief Inspector Lambotte, Head of AVCIS, said: “The provision of CAP information in partnership with the Finance & Leasing Association adds a valuable resource to our investigative teams, not only in measuring performance, but more importantly providing accurate data in respect of the value of assets which in turn supports investigations.” Simon McBride

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