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Maximizing Recovery
Tuesday, September 29, 2009
It is universally agreed that waste is irresponsible. If you had a bag of perfectly good apples and you threw them in the nearest garbage bin you would face scorn, as well as a possible chastising, from those who witnessed your action. The same is true if you are not maximizing your claims recovery by selling the salvage you acquire. It is like throwing away perfectly good apples for no apparent reason.
Maximizing Recovery through Salvage Selling
Companies all over have a need for the salvaged goods that you have stored. While these items may no longer be usable for the purpose they were originally intended for, they may still be usable when repurposed or reduced to scrap. When you sell your salvage for fair market value to a buyer who can use the items and is happy to get a discount on them, you are creating a return where once there was a loss.
Maximizing Recovery through Timely Salvage Selling
Money works for you in many different ways. When you use the money you have today to reduce your debt, it not only increases your net worth but it also reduces the amount of money you spend on interest for your debt. When you use money you have today to buy stock or save, you gain earnings, profit or interest on it. Salvage sitting unused and unsold is becoming less and less valuable to you, since the dollars it represents are not being used to pay debt or earn interest. Selling your salvage today gives you a liquid asset to invest or pay debt with.
Not only does the sale of salvage bring in additional funds that go directly to your company’s bottom line, but the timely sale of salvage can create an impact in your budget, your debt and your interest immediately
Posted By: Salvage Management Team |
