Businesses, insurance companies, credit unions, and other institutions all have to face asset recovery at some point. When vehicles, equipment, or other fixed assets are damaged, what is the best way of bouncing back from the loss? Linn’s Auto and Equipment Sales has three excellent services to help credit unions and other institutions find solutions when dealing with total loss vehicles and equipment:
1. Borderline Buyouts
If a vehicle is totaled, it wouldn’t make sense for a company to hold onto an asset in such poor condition. However, if the estimate for the vehicle puts it out of the range of filing it as a total loss, a firm or credit union may be in a bind. Linn’s Borderline Buyout program is a way of recouping the value without the need to file as a total loss.
2. Loss Claims
When seeking compensation for vehicles that are old or damaged, there is no guarantee of a reliable, consistent rate of return. Linn’s offers a dependable venue for finding the return you need. Over the past 46 years, we’ve been developing a strong base of companies that rely on us for unfailing results.
3. Wrecked Repossessions
Credit unions are familiar with the hazards of lending. When it comes time to repossess property, vehicles, and equipment, sometimes it turns out that they’re not in the best of shape. Linn’s can help you receive insurance money to cover as much of the cost as possible when you can’t get more back from an account.
If your credit union is searching for an efficient way to cover the costs of total loss vehicles and equipment, look no further than Linn’s Auto and Equipment Sales. We accept cars, trucks, RVs, motorcycles, and a wide range of equipment. Call us today for more info at (501) 327-3856, or visit us online for details.