A bank calls and asks you to pick up a large piece of heavy equipment and your excited about the offer but there is only one thing, you are not experienced in heavy equipment at all. How do you give them a proper quotation on the job without costing you money out of pocket that you had no foreseen in advance. You might be able to come back to the bank later and bill them for additional costs that came up but usually a bank wants a solid quote prior to assigning the case.
Heavy equipment repossession is much different from car repo, yacht repo and aircraft repo. There are factors that equate to doing the job that a typical car repoman will simply not know. First off lets start by saying we are not talking about a small bobcat out in hill country. Lets talk about a crane in a metropolitan city such as New York and some of the things that need to be discussed in order to quote this job properly and accurately. I am specifically using crane because cranes getting repossessed in metropolitan cities is believe it or not a common occurrence. Constructions companies going bust, construction companies would rather allow the unit to be repossessed than pay to have it disassembled and all the other expenses involved. A job gets canceled mid stream as stakeholders pull out, basically a million things can go wrong and there you have it, a luxury item repossession company is getting called to do the dirty work. [Read more…] about Calculating a Heavy Equipment Repo