Why Use a Professional Coach Dealer?
The first thing you need to do is make sure your Coach Dealer is
licensed and bonded by the state and city they operate in.
Why Use a Professional Coach Dealer?
Coach transactions usually involve large financial investments. Transactions today usually exceed $100,000, and in some instances can exceed $2,000,000. If you had a $100,000 income tax problem, would you attempt to handle it without the help of a CPA? If you had a $100,000 legal question, would you deal with it without the help of an attorney? Considering the small upside cost and the large downside risk, it would be foolish to consider a deal without the professional assistance of a qualified and licensed Coach Dealer.
But if you are still not convinced of the value of a Coach Dealer, here are a dozen or so more reasons to use one.
When Buying Coach?
Professional Coach Dealers have resources available to them that most coach buyers do not have. In particular their access to sophisticated and reliable multiple listing services can save time in narrowing the field of coaches that meet a buyer's requirements. A dealers participation in professional coach brokerage associations also provides the connections necessary to find those coaches that are not yet on the market or that are not being actively marketed by their owners.
The Result: You, the buyer, have a qualified list of coaches to choose from and more time on your hands to look them over.
A Coach Dealer can assist in the selection process by helping the buyer clearly define his coaching requirements and by providing objective information needed to evaluate each coach. Sometimes it is necessary to have that more objective point of view.
The Result: You the buyer, have a better understanding of what you want and need and a list of pros and cons to help with that final decision.
Coach Dealers can help in the negotiation phase of the project. There are myriads of negotiating factors, including but not limited to price, financing, terms, date of possession and often the inclusion or exclusion of repairs and furnishings or equipment. There may be give and take associated with every step and often it is good to have an objective, experienced dealer to help sort it all out, to prepare a purchase agreement and to manage the escrow.
The Result: A smooth closing.
Coach Dealers can provide local information on different coach services, such as, engine repair, parking / storage, and inspection services.
The Result: Quality and affordable services.
An experienced and professional Coach Dealer will advise the buyer throughout the due diligence process of evaluating the chosen coach. Recommending the extent of the inspection and helping to identify the most qualified individuals to conduct the inspection are two key functions of a knowledgeable and experienced dealer during this phase.
The Result: A clearly defined inspection report to ensure that the buyer gets what is paid for.
The Coach Dealer can assist in yet another step in due diligence process, making sure that the title to the coach is clear. Title indicates ownership of the coach and can be mired in a confusing status of past owners or rights of access. If the coach is set up as a corporation, or existing under any number of other special circumstances, the services of a professional coach dealer will become even more valuable.
The Result: A smooth closing for the buyer.
A Coach Dealer can help the buyer understand different financing options and aid in determination of actual buying power. Given some basic information about available savings, income and current debt, the dealer can refer the buyer to the lenders best qualified to provide the necessary service.
The Result: Long term financial stability for the buyer.
A Coach Dealer will guide you through the closing process and make sure everything flows together smoothly.
The Result: A happy buyer.
When Selling Your Coach
A Coach Dealer is obligated to get maximum exposure to each and every Central Agency Listing. Advertising to the public is a critical factor. In most markets across the country, over 20% of coach transactions are cooperative sales through other coach dealers. And who is best equipped to reach those other dealers, Your Coach Dealer! Through worldwide Multiple Listing Services and other cooperative marketing networks, open houses for other coach dealers, or personal contacts, Your Coach Dealer has the tools to maximize exposure to your coach.
The Result: Qualified buyers on your coach.
During the selling process, Your Coach Dealer can give you up-to-date information on what is happening in the marketplace including price, financing, terms and conditions of competing coaches. Often, Your Coach Dealer can recommend repairs or cosmetic work that will significantly enhance the salability of your Coach. These are key factors in getting your coach sold at the best price, quickly and with minimum hassle.
The Result: Quality offers.
Your Coach Dealer will know when, where and how to advertise your coach to the public. Responses to advertising are prescreened so that only qualified prospects are shown through your coach. You, the seller, can be free of concern about the safety of your property as Your Coach Dealer accompanies prospects during this preview process and beyond.
The Result: More free time for the seller.
Your Coach Dealer can help you objectively evaluate every buyer's proposal without compromising your marketing position. This initial agreement is only the beginning of a process of appraisals, inspections and financing -- a lot of possible pitfalls. Your Coach Dealer can help you write a legally binding, win-win agreement that will be more likely to make it through the process.
The Result: A smooth closing.
Your Coach Dealer can help close the sale of your coach. Between the initial sales agreement and closing (or settlement), questions may arise. For example, unexpected repairs are required to obtain financing or a cloud in the title is discovered. The required paperwork alone is overwhelming for most sellers. Your Coach Dealer is the best person to objectively help you resolve these issues and move the transaction to completion.
The Result: Less Stress for the seller.