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Lender services


Lender
Sell your equipment

Straight. Simple. Sold.

Selling with Purple Wave
is as easy as…

  1. We list your equipment at purplewave.com.
  2. We market your equipment online and in your community.
  3. We sell your equipment to the highest bidder.

Imagine saving time, frustration, depreciation, opportunity and carrying costs when remarketing assets. Visualize tens of thousands of qualified bidders attending your auction without the worry of bad weather or event logistics. With more than 250,000 potential buyers at purplewave.com every month, there are more eyes on your assets than through traditional auction services.

We understand
the process of remarketing collateral for lenders.

Purple Wave provides lenders and their clients a personalized, turn-key solution for timely asset sales at market value. We assist with right-sizing operational assets for borrowers, debtor stressed credit liquidations and lender-acquired collateral sales. Our service and team of auction professionals provide a stress-free liquidation method that minimizes your work and maximizes your return. When the situation calls for it, we also help ensure minimal lender visibility, offering you peace of mind. When converting assets into cash, Purple Wave will help you get the job done efficiently and effectively. Let Purple Wave become the tool you use to effectively manage and maximize the return on asset sales.

How we work.

  • Regularly scheduled auctions, no waiting for a sale.
  • No reserve auctions. Bidders compete with each other, increasing the value you receive.
  • We handle the details, from data capture, titles, asset transactions, title distribution, collection and payments.
  • Endorsed by the Kansas Bankers Association.

What our clients are saying about us.

Purple Wave was very easy to use, and there was great communication between us and Purple Wave. Because we used Purple Wave, our assets brought in more money than any other auction company we have used before. I would recommend Purple Wave’s services to any financial company.
Sherry Burns
Assistant Vice President/Loan Officer, Denison State Bank

Working with Purple Wave was a turn-key deal. The auction setup and maintenance were straightforward. We feel that with a service of this type, we were able to attract buyers from a larger area, and the increased competition between bidders resulted in higher sale prices for our consignments. Purple Wave’s staff is professional and courteous. After the auction was completed, we were paid promptly.
Ward Taylor
Vice President, The Bank

Purple Wave Auction was an excellent way for us to market bank-owned equipment to a wide audience. Without a doubt, the prices obtained via the Internet auction exceeded our expectations, as did the very good customer service.
Chad Tuttle
Vice President, First State Bank

A financial institution never wants to be in a position of liquidating the assets of a former customer. It is an unpleasant experience for both the Bank and its customer. The unpleasantness for the Bank is compounded by the fact that it must now sell assets about which its knowledge is generally limited. In short, the Bank must now work to realize as many dollars as possible from the sale of assets about which it knows very little.

Our experience with Purple Wave was nothing short of stellar. As you know, we interviewed many different auction companies, and explored other alternatives for the liquidation of the equipment we held. After much deliberation, we selected Purple Wave. That decision brought us what we believe was the best return possible.

Purple Wave consistently under-promised and over-delivered. Purple Wave brought a unique blend of high tech systems and good old-fashioned customer service to the table. Every staff member acted professionally, and completed the task assigned to them as promised. From the first contact with Purple Wave Dave through the completion of the auction and the final settlement, we were pleased with both the results and the service we received.

As much as the service Purple Wave provided made the experience less painful, the true gauge of the success of an auction is measured by how many dollars the Bank walks away with from the auction. Purple Wave delivered in this department as well. Auction proceeds were over 35% higher than what we expected.

Great service. More real dollars than expected in our pocket at the end of the day. And new business relationships that will last for years to come. These weren’t the things you promised, but it is what you delivered. At the end of the day, what counts isn’t what you said, but what you did. And Purple Wave did it!

Thanks to you and the staff of Purple Wave for all the work put into a highly successful auction. Please pass my thanks along to your staff.

Brad H. Harvey
Vice President
Cornerstone Bank

Contact us today and sell your equipment!