Inspection of off-lease collateral with detailed written reports and photographs:

When a lease is getting ready to terminate and the equipment is coming back to the lessor, Charter Adjustments can go in and give a detailed report on the collateral, its hours, mileage, detailed condition and needed repairs. This is all backed up with a Certified Appraisers Report and photographs, thus allowing the lessor to go back to the lessee prior to the termination and make whatever repairs are required under the lease agreement to bring the equipment up to regular wear and tear condition prior to having to pick up the collateral.

How many times have you had a unit come off lease only to learn after it is in the hands of your re-marketer that the collateral is damaged or abused? Is the re-marketer being honest with you? With our detailed reports, you know the condition of your collateral before it comes off, and then when it does come off, Charter will do a second report with photographs so you can see that all the work has been done and the unit is being returned to you as agreed thus you can maximize your marketability of the equipment when it is ready for the secondary market. This also enhances your ability to recover recourse from dealers or manufacturers as you can support your position with certified reports allowing you to pursue your recourse while liquidating your collateral at the proper number.

All reports provided to the client show FMV (after repair) OLV (as is where is) & FLV (as is where is) thus you get an idea of where the current market is for your equipment before you ever take possession of it and allows you to set your write downs, if any, and prepare for recourse and re-sale.

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