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Advantages of SEADRA's Rent-to-Own system
- No up-front tax burden.
- No down payment. Instead, the customer is
assessed a non-refundable security deposit, unlike a security
deposit when renting an apartment or house, these monies
are part of the price of the vehicle if paid out.
- Holding the money as security also delays
taxes due until the money is assessed against the value
of the car – the last payments of the contract.
- No repossession risks. If the customer defaults,
the car can be reported as stolen. The dealers spell out
the risk to the customer in the contract.
- Instead of being a civil matter, it is a
criminal felony if the customer doesn’t return the
car, which puts a lot of teeth in the deal.
- Repossessions will occur and if so, the dealer
retains the entire non-refundable security deposit as liquidated
damages. Therefore the dealer cannot be out any monies.
- If the car is returned to the dealer, he
just cleans and services it, then re-rents it. He then receives
another non-refundable security deposit up front and payments
begin again.
- Customers are encouraged during the length
of the contract to upgrade and enter into another contract
and returning the original vehicle, which is then re-rented.
Of course the dealer immediately is earning profit because
car cost has already been received.
- When this occurs the dealer is making money
just a few months into the first rental contract.
- SEADRA tracts the customers own insurance,
notifying the dealer to have the customer keep insurance
in force.
- The contract allows the renter to return
the vehicle at any time and not owe further payments but
they will not receive any return payments. The dealer then
cleans the vehicle up and re-rents it.
- Vehicles on the SEADRA Rent-to-Own System
cannot be lost to bankruptcy. It is not legal for a SEADRA
Rent-to-Own System vehicle to be placed into a bankruptcy
proceeding. The factors are the renter is not titled to
the vehicle and there isn’t any financing that they
are paying.
Disadvantages of SEADRA's Rent-to-Own System
- None!
Don't hesitate!
Call Toll Free (877) 573-2372
or email us today to learn how you can qualify to become a
licensed SEADRA dealer in your area. |
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Become a SEADRA
Rent-to-Own Dealer
SEADRA is currently looking
for qualified car dealers in various territories that want
to increase their revenue with "Rent with the option
to purchase". SEADRA will license dealers in your area
on a first come first served basis. Call Toll Free (877)
573-2372 today. Remember:
RECOVERY IS NOT A PROBLEM
You own the car until all payments are made.
USE TAX COLLECTED
Use tax is collected and remitted on an as-earned basis.
INSURANCE COVERAGE
Dealers are fully protected in the event of a loss or claim.
CUSTOMER TRACKING
All insurance policies are monitored and tracked by SEADRA.
Rent-to-Own vs. Leasing:
Control, Protections & Profits
- The #1 problem of leased vehicles is that
they are LOST to bankruptcy proceedings. The dealers realize
little or no monies from these vehicles once they enter
bankruptcy.
- The dealer cannot repossess leased vehicles
without court intervention, therefore time is lost and
experience has shown that the vehicles, when finally returned
to dealer, are in poor condition.
- All repossessions or lost vehicles are
Civil in nature, not criminal, as in rent-to-own.
- All lease contracts are closed in and
therefore if lessee has financial problems or other factors
kin which they want out of the contract, the only options
are – pay it out or voluntary repossession.
- Overall concepts – Lease vs. Rent-To-Own
continually favor the Rent-To-Own concept. Why? The dealer
has complete control, protection, profitability and cannot
lose his property through legal means.
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