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Remarketing By Element
What if you could sell your cars and trucks today at guaranteed pricing, take that equity and put it to better use in your fleet? Now you can.
Element’s Advanced Purchase Program leverages our remarketing expertise to offer clients a unique way to sell their cars and trucks right now vs. waiting days or weeks for a traditional auction sale. If you have surplus cars and trucks, older assets to get off your books or are unsure of possible fluctuations in the market for future vehicle sales, this program is for you.
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Situation |
A large service company needed to realize the equity they had in fleet vehicles scheduled to terminate over the course of Q1, but accrue for it now in order to hit their financial goal for the fiscal year. |
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Solution |
Element evaluated the assets, forecasted the new vehicle delivery date and projected the equity they would realize in three months. We determined by using the Advanced Purchase Program product, we could advance them $5.4 million in equity. |
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Impact |
Client achieved their financial goals and received an ACH for $5.4 million on Dec 29th. |
To learn more, contact Scott Sheehan at [email protected]