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Residual Value Insurance covers
the difference between projected residual values and actual values
of vehicles returned to your institution at lease termination.
There
is typically one of four reasons your institution may be interested
in purchasing residual value insurance:
- Risk
transfer
- Cash
flow smoothing
- Accounting
compliance (FASB 13)
- Asset
securitization
PLLS
has programs designed to meet any of the above objectives. Through
a consultative approach with your institution, PLLS can determine
which program provides you the greatest financial benefit.
Features
- Creative
product structures; no set formulae
- Direct
contact with product manager during contract development and length
of the policy
- Strong
after-sale support, data analysis, and industry insight
- Sophisticated
data reporting, billing and database management
- Monthly
reporting on portfolio
- Remarketing
assistance available
Benefits
- Consultative
approach to help determine your institution’s goals minimizes
insurance costs
- Your
institution has a partner to help manage risk or meet regulatory
requirements
- Analysis
of your portfolio to assist in directing portfolio activity and
remarketing needs
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