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Residual Value Assessments:
Charter Adjustements does residual value assessments
for lessors of collateral as well as recourse residual value assessments.
Charter has its own team of certified appraisers who do nothing but
inspect collateral providing detailed reports on the condition of
collateral and giving best estimates of residual value for the same
collateral when the term of a contract is up. Having this information
up front is invaluable to the leasing company or even financing company
that is originating new paper on this type of collateral. It gives
the credit analyst detailed information to base his or her decision
to lend on a clear picture of exactly what type of collateral they
are financing and what down side risks can be found up front. This
then allows the financer to make a more informed decision on how it
sets up its contract and/or lease as well as looking at recourse requests
from manufacturers or dealers if a deal where to go bad.
The service is also available to the dealer networks
around the country and world wide as well as manufacturers to help
them assess what, if any, recourse is appropriate and how to handle
such a situation. We all know that recourse is becoming more and
more prevalent in both the finance and leasing industries; Charter
provides a valuable service with certified appraisers to provide
the most accurate information to lenders at origination to hopefully
keep losses at a minimum in the event of default of a buyer or lessor.
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