The Problem
Bad News
Every time a car is repossessed there are the following costs:
Repossession
Vehicle Cleaning
Sale at Auction
Depreciation Monthly
$250
$200
$150
$150
The Solution
Provide your client superior loss-mitigation representation by requesting a settlement proposal resulting in a win-win position for you and your client.
Settlement Proposal for ABC Bank |
|
| Date: | July 2019 |
| Debtor(s): | James R. Johnson |
| Vehicle: | 2015 Chevrolet Impala LT w/ 24,922 Miles |
The Problem |
| Surrender = Liquidation Auction Value |
| Documented Auction Value = $10,250
(Using recent auction sales - available upon request) |
| Less: Reconditioning $200 |
| Less: Repossession $275 |
| Less: Depreciation $150 |
| Less: Auction Fees $150 |
| Net Recovery = $9,475 |
The Solution |
| Creditor Direct Funding |
| Accept Our Retail Offer $11,900 (Paid Within 15 Business Days) |
| Additional Value Recovered: $2,425.00! |
