Collateral Remarketing
By using the services offered by Oregon Adjusters, Lenders
can get collateral recovered and sold in a widely accepted commercially
reasonable sale that is completely transparent and provides maximum exposure to
your repossessed collateral. During the entire process the vehicle does not
leave the secured storage lot. No more transport fees, No more Auction
Commissions and no more wasted time coordinating the process.
(Click the logo to visit their website)
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Inefficiencies contribute to high costs
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Vehicles moved twice, first to repo yard, then
again to auction
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Consignor may depend on aggregating vehicles to
attract buyers
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Yards may lack inspection expertise – condition
is key to channel choice
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Time to sale can be 30 days – or more
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Customer
(debtor) costs escalate
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Units depreciate until physical auction sale day
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Moving vehicle can complicate or reduce
redemption
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High remarketing costs increase debt burden on
customer
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Bottom-line not maximized due to limited exposure
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Local market not best for all cars
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Tough to be sure you’re getting a legit
“market” price
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Difficult to know the market on all vehicles
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Cars will get more attention and get better
prices
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Cars will sell quickly with full transparency in
a trusted marketplace
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Current remarketing process is
inefficient
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Vehicles transported numerous times
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Consignor depend on aggregating vehicles to
attract buyers
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Time to sale can be 30 days – or more
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Sale prices not maximized due to
limited exposure
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Local market may not be best for all makes and
models
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Credit unions and small sellers often sell
outside their area of control; limiting their ability to represent and properly
mix their assets
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Net auction pricing subject to many variables
(weather, # of attendees, types of dealers, etc.)
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Small lenders have limited leverage
with physical auctions
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Challenged run times
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Less than optimal lane choice
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High fees, limited customer service
Often Online Auto Auctions do not work for specialty
equipment such as RV’s, Tractor-Trailer Combos, Heavy Equipment and Boats.
Oregon Adjusters would be happy to assist in the liquidation of specialty items.
We have been in business for over 42 years and has an extensive network of local
dealers and private citizens to solicit offers. The lender is always in charge
of the sale price.
