|
A customer comes on your lot wanting
to buy a car. His credit score is below average and you can't
get him financed. But he has a good job, good references and
he has $1,000 to put down on a car. Do you let him walk away?
Do you take the chance on him and finance the car yourself?
Why don't you rent him the car?
That's right, rent ...
with the option to purchase. Rent it for 12 months, 24 months,
36 months or more... with the option to purchase the car if
he makes all his payments to you. You still own the car until
all the payments are made. Therefore you call the shots! The
vehicle is fully insured, maybe even has an optional warranty.
Taxes are usually paid as earned in most states.
If the renter wants to skip town
with your vehicle before all the payments are made it now
becomes a criminal matter, not just a civil matter. Ok, so
your asking yourself, "This sounds to good to be true,
could this really work for car dealers across the country"?
The answer to that question is YES! In fact, Rent To Own is
more profitable than conventional financing or leasing and
is exploding across North America!
The average dealer (estimating
conservatively) should realize the following profits:
This is a conservative estimation;
however, it is an exciting opportunity to expand your company's
income, even during the slow periods.
Learn more
about what it's like to be a SEADRA dealer. |
