Remarketing Assets For Your Bus Problems
As the largest independent broker of used coaches in the country, banks and finance companies have been contacting Busforsale.com with their bus problems for over twenty-five years. We have picked up a single bus and fleets of buses. A small sample of our clients include Wells Fargo, Bank of America, SouthTrust Bank, Truist Bank, Renasant Bank and others.
Busforsale.com has the solution for the five major components of repossession.
Once the decision has been made to pick up the equipment, time becomes critical. The condition of the asset, as well as the Fair Market Value, will depreciate at an accelerated rate. Speed is essential.
We have CDL qualified drivers on standby to move on a moment’s notice. Once the equipment has been located, we can be mobile within 24 hours of authorization.
- Bus Inspection/Appraisal
With over 45 years in the bus industry, no one is more qualified to perform an appraisal on your bus. We provide this service for banks, finance companies, and insurance firms. Our appraisal includes a 200-point DOT inspection which establishes the mechanical and cosmetic condition of the bus.
We have a 20-acre lot with fencing, lights, security cameras, and a guard service. We are located in suburban Nashville, TN, twenty minutes from the Nashville airport and ten minutes from downtown Nashville.
If it is logistically more practical to establish a storage facility in another part of the country, we can provide that service. We have done business in virtually every state and have reputable customers and contacts throughout the industry.
- Prep and Repair
Each company has its own strategy regarding the final disposition of the asset. Your strategy may be a minimalist approach, i.e. store it and sell it “as is”. Another option is to make it retail ready. We can provide any level of repair that will fit your strategy. We have a full-service shop with mechanics and technicians that can work on any type of equipment.
After the four steps listed above have been accomplished, remarketing of the equipment takes priority. Our company, Busforsale.com, LLC, was the first bus sales company on the Internet, ahead of even the manufacturers. Today, our web site receives more visits per day than any other bus web site, period. We know the Internet.
You may already have distribution channels for your remarketing efforts. In that case, we simply provide your vendor with the information in whatever format they request. The bus can be listed on that site and on our site. If your objective is to retail the asset, selling from a neutral site will bring you the highest possible dollar return, without competition from a manufacturer’s owned inventory.
The current state of the economy and the bus industry may create the need for a more creative approach to the liquidation of the assets. John Spellings’s background and experience in the bus industry (click for resume) gives you access to that expertise. We can market and sell from our location in Nashville or establish remote locations anywhere in the country. One marketing/sales entity, providing multiple locations, will streamline, simplify, and secure your equipment.
Busforsale.com has the staff, speed, security, service and marketing support to provide the expertise necessary to turn your bus problem into an opportunity.