How to appraise and thoroughly assess a loan with a car/vehicle as a collateral security

This video details the steps you must go through to appraise and assess a loan with a vehicle as collateral. This process cuts across different regions thus, steps can be applied appropriately.
Details of the steps to go through are detailed in the video.
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[@timothybaraza8172]

Thank you.

[@timothybaraza8172]

In the assessment of the car as collateral, how is depreciation take care of because I may get abcar that is worth UGX 100 M today and in the next few months, it depreciates to a lower value.