The SEADRA System
The SEADRA Program first launched on January 1st, 1999. It was developed for the purpose of providing used motor vehicle dealers a package of services which would allow those dealers to offer used motor vehicles for lease, with the option for the leasee to purchase the vehicle at the end of the lease term. It has since become America's largest Lease-To-Own dealer program.
SEADRA offers a plan that allows dealers to engage in long-term lease of used motor vehicles. The Lease-To-Own package of services enables the dealers to secure the proper licensure, tax status, insurance coverage, and necessary administrative compliance to allow them to successfully lease these vehicles to car shoppers who are otherwise unable to secure the credit necessary to purchase or lease a vehicle.
SEADRA also provides an oversight function, whereby it tracks the liability policies covering the used motor vehicles, including any lapses thereon, which SEADRA would have then immediately reported to the dealer and proper administrative agencies.