Rent-To-Own/Lease-To-Own Autos Driving Off The Used Car Lots In Record Numbers
The bad economy has used car buyers looking for alternative financing and dealers are taking advantage of the latest trend: Rent-to-Own / Lease-to-Own.
NEW ORLEANS--Nov. 14, 2012: With the downward trend in the economy, car buyers are caught in the credit crunch and are turning to the old standby: rent to own / lease to own. Many consumers have been buying furniture and appliances using this method for years and the used car industry has finally gotten the message. The consumer doesn't need pristine credit and the dealer has a new demographic. The rental-purchase / lease purchase contract is structured differently, giving dealers more protection and therefore making them more likely to loosen their credit criteria, which affords more of their customers the opportunity to step up to a better vehicle. The rent-to-own / lease-to-own transaction is the most flexible transaction in the marketplace today. The customer is never obligated to make the next payment and can return the vehicle at any time for anyreason. This payment flexibility and no obligation is the cornerstone of the rent-to-own / lease-to-own business and its popularity with tens of thousands of customers.
A New Iberia, LA dealer once said, "Hanging out a Rent-to-Own sign is like kicking an ant nest!" It's amazing how many people want to take advantage of buying their vehicle using Rent-to-Own and are comfortable doing so.
SEADRA, Inc. has been licensing used car dealers to use its system of selling vehicles with their rent-to-own / lease-to-own model for over 15 years with great success. They not only offer their dealers the newest innovation in car sales but also protect their dealer from claims with a contingent auto liability insurance policy. This turn-key system has been used and perfected since 1998.