1Days 1–45
Retail sale
We recondition the asset and our in-house sales team markets it to end users. Buyers can pay cash or use our financing options.
Lender receivesSales price, less our fee
For banks and finance companies
Lock in the sales price. Still sell vehicles and equipment the commercially reasonable way.
Bulldog guarantees you a purchase price on your repossessed trucks, trailers and equipment before they move. Then we market them to retail buyers, and then to wholesale buyers, to beat that price. When a sale nets you more, you keep the upside. If it doesn't, we buy the asset at the guaranteed price.
What the lender receives
Illustration
The program
Three tiers, one agreement
Each portfolio gets one written agreement with a guaranteed price on every asset. The first two tiers try to beat that price. The third guarantees it.
2After day 45
Wholesale sale
If it hasn't sold at retail, we offer it to our wholesale buyers and industry dealer contacts.
Lender receivesSales price, less our fee
3Guaranteed
Bulldog buys it
If neither sale beats the guaranteed price, Bulldog buys the asset for the Bulldog lease fleet or the Truan rental fleet.
Lender receivesThe full guaranteed price
Day 0Portfolio assigned, prices agreed in writing
Days 1–45Reconditioned and marketed to retail buyers
After day 45Marketed to wholesale buyers
CloseSold, or bought by Bulldog at the guaranteed price
Proceeds
The lender receives the best outcome
- Retail sale nets more than the guaranteed priceYou receive the sales price, less our fee.
- Otherwise, a wholesale sale nets moreYou receive the sales price, less our fee.
- Neither sale beats the guaranteed priceBulldog buys the asset at the guaranteed price.
Guaranteed prices and fees are set for each portfolio in a written disposition agreement.
Commercially reasonable
Every step on the record
UCC Article 9 requires every aspect of a collateral disposition to be commercially reasonable: method, manner, time, place and terms. The program documents each one.
- Purchase price agreed in writing before the asset moves
- Condition report and photos within 72 hours
- Offered to retail buyers first, then wholesale buyers
- Listings and offers received reported to the lender
- Final sale terms and proceeds remitted with a disposition report
Compared with auction
What changes for the lender
| Sending it to auction | Bulldog program | |
|---|---|---|
| When the price is known | After the sale | Before the asset moves |
| Minimum recovery | Set by the bidders on sale day | The guaranteed price |
| Buyers reached | Bidders at one sale | Retail end users, then wholesale dealers |
| Who sells it | The auction house | A licensed dealer with its own sales team |
| Paper trail | Auction results | Condition report, listings, offers, sale terms |
Services
From recovery to remittance
We can take an asset from the repossession through the final sale, or service the whole loan or lease portfolio.
Asset recovery
Voluntary and involuntary repossessions nationwide, started the same day. Bonded agents with GL and wrongful repossession coverage.
Transport and storage
Transport to our facility and secure, fenced, insured storage.
Condition assessment
Full inspection with photos and a written condition report delivered within 72 hours.
Reconditioning
In-house and partner shop work to raise the sale price: PM service, DOT compliance and cosmetic repair.
Remarketing and sale
A dealership sales force that actively sells your assets, with cash and financed sales to widen the buyer pool.
Portfolio servicing
Loan and lease servicing: invoicing, collections, payment processing, insurance tracking, title and lien work, sales tax and investor reporting.
How we work
Assignment to disposition
- AssignmentYou assign the portfolio and we agree on guaranteed prices.
- RecoveryBonded agents recover it. You are notified the same day.
- ReconditionPhotos, condition report and targeted repairs.
- RetailDays 1–45, marketed to end users.
- WholesaleAfter day 45, marketed to dealers.
- BuyoutIf unsold, Bulldog buys it at the guaranteed price.
Class 8 sleepersDay cabsDry van trailersReefer trailersFlatbed trailersDump trucksMotorcoachesConstruction equipment
About us
An active dealership, not a listing service
Bulldog Asset Management is the recovery and remarketing division of Bulldog Truck & Equipment Sales in Cumming, Georgia. Your assets are sold by our own sales team, located with the equipment.
17+Years in operation
1,000+Assets recovered and remarketed
$50M+Total asset value managed
Strategic partnership with Southern Resolution Services (SRS)
Bulldog Asset Management works in partnership with Southern Resolution Services, which brings capital for asset purchases, including the trucks and equipment Bulldog buys under the program.
Contact
Talk to us about your portfolio
Tell us about the trucks, trailers and equipment you need to move, whether it is a bankruptcy, a workout or a group of repossessions. We will set up a call.
Mark BittnerChief Operating Officer
770-364-72315030 Wallace Dr, Cumming, GAMon–Fri, 9:00 am – 5:00 pm