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Consignment Program Pays Off for Contractors
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The consignment program at Wheeler is a good option for contractors who want to reduce their fleet size and cost. The program helps customers cope with the economic downturn and has worked well for numerous contractors. By-owner sales and auction sales have disadvantages that often far outweigh their advantages. Auctions are especially volatile and risky because owners have no control of the outcome of the sale. At an auction, an owner may risk losing 50% of the machine’s true value. The consignment program at Wheeler minimizes sales costs and provides substantial benefits to sellers by: • Providing real, market-based price valuations to ensure the fastest and most economical way to sell a machine. • Helping to sell under-utilized machines for up to 5-15% net more than auction price. • Using the seller’s total fleet equity, where possible, along with finance restructuring, to liquidate machines that have a negative equity position. • Offering competitive financing to prospective buyers — a big advantage, since lack of financing eliminates many potential buyers in by-owner or auction sales. • Consignment available for Cat and non-Cat machines. • Take advantage of our global marketing reach.
• Receive cash payment within 48 hours of the sale date. Questions? Contact: Clair Jackson 801-978-1688 or cajackson@wheelercat.com
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