Problem:
A rental car company fleet suffered damaged from a hail storm. The golf ball-sized hail caused severe dents to the body panels and broke glass. Per vehicle damage estimates ranged from $3,500 to $5,500. The rental agency stakeholders wanted to move forward with the repairs to the fleet.
Solution:
CAS was notified of the loss and spoke directly with the fleet‘s team leader in time, before the units were repaired. CAS’ offer to purchase the entire fleet in as-is condition was a more economical solution than repair. The decision to sell the vehicles to CAS was made when the operator factored in cost of repair, loss of revenue and the future devaluation in the resale value of the vehicles.