Car Ownership Cost APIs:
Role in Automotive Financing & Leasing
For financial institutions and leasing companies, assessing a vehicle’s long-term expenses is crucial for making informed loan and lease decisions. While the purchase price is a major factor, the total cost of ownership includes depreciation, insurance, maintenance, fuel costs, and more. Ignoring these expenses can lead to inaccurate affordability estimates, potential loan defaults, or mispriced […]
