|Clearing Up the Misconceptions about Buying From Bailment Pools
|As the number of fleets which perform their own truck upfits continues to decrease, many will find that utilizing bailment pool programs offers buyers more advantages than ever.
Margy Eaton, Pool Coordinator for Auto Truck Group, and a 16+ veteran of the industry, says there are some common misconceptions about making vehicle purchases and upfits through bailment pools. Correcting these misconceptions and learning more about how bailment pools work can help many buyers and fleet managers understand and reap the benefits of this purchasing method.
The three most common misconceptions about bailment pools are:
|There are actually two types of bailment pools in the industry today; standard bailment pools and fleet customer bailment pools. These are distinct in thatstandard bailment pools are operated by an OEM-approved upfitter, like Auto Truck Group, where dealerships and fleet management companies can place their orders for trucks that are going to require additional equipment or customization to serve a specific vocation or function. Customer bailment pools, on the other hand, are controlled by the end user working with a fleet management company whenever it needs to put a vehicle into service. The customer bailment pool negotiates their vehicle pricing and purchasing volume directly with the OEM(s). In years past, many fleets would complete the upfit in their own welding or body shop. However, most now send the vehicles to an upfitter like Auto Truck Group, which has greater upfit capabilities and expertise.
New Roles and Practices Defined
The practice of buying and upfitting work trucks and service vehicles has evolved in recent years to where all standard bailment pool operators areupfitters because of ever-increasing specialization, regulation, and equipment demands. In another era, those could have been two different entities as a number of upfitters were still "mom and pop" body shops.
In today's market, any buyer of a class 1-7 truck or a service vehicle of some kind can go to his local Ford, Chevy, or Chrysler dealership of choice to place an order. If the dealership has Auto Truck Group as its upfit partner, the buyer negotiates his vehicle purchase with the dealership who then selects a vehicle from Auto Truck Group's hundreds of bailment pool vehicles. The dealership solicits an upfit quote from ATG per the customer's needs. Once the buyer approves that, the dealership issues a purchase order for the upfit equipment with the bailment pool operator. The pool operator then re-assigns the chassis through the OEM, installs the body, and delivers it to the dealership for his sale to the end user. In doing so, the buyer has access to these benefits:
The third misconception that upfits on bailment pool vehicles are best suited for basic, mostly standard equipment couldn't be further from the truth here at Auto Truck Group. ATG's engineers and technicians can design and execute upfit solutions for every vehicle and every need. Our fabricators are the most experienced in the industry and use state-of-the-art equipment to configure and deliver the highest quality equipment upfit solutions both inside and out.
If you would like more information about bailment pools contact Margy Eaton, Pool Coordinator for Auto Truck Group at: email@example.com, or call 719-597-0400.