July 1, 2008 â€¢ by Andy Batchelor
Deals, brokers, eBay, car sales through the straight back of the great deal. Is there an easy method to dump your de-fleeted cars that are rental?
The â€œrent-to-ownâ€ concept has been in existence for decades, but are you aware that simply about anythingâ€”including tires, tires and also housesâ€”can be arranged for â€œrent your can purchase?â€
Have you thought to get it done with cars?
The rent-to-own product sales concept caters towards the subprime market, exactly the same clients in the â€œbuy-here-pay-hereâ€ used vehicle sales market.
But, the â€œrent-to-ownâ€ customer completes the payment terms at twice the rate of success of â€œbuy here spend here,â€ says Wayne Lewis, CEO of car By lease, a rent-to-own procedure based in Springfield, Mo. Furthermore, Lewis claims web revenue on an automobile By lease location ought to be 20 per cent after 2 yrs maturity, with really overhead that is low.
Car By lease has started to provide rent-to-own franchise possibilities to make use of this healthier profit percentage and customer segment that is growing.
Before stepping into franchise details, it is vital to determine what â€œrent to acquireâ€ isâ€”and just exactly exactly what it is really not.
Determining Lease your can purchase
The sales models are vastly different though both â€œrent to ownâ€ (RTO) and â€œbuy here pay hereâ€ (BHPH) cater to the same subprime customer.
BHPH outlets could make decent money in fees and interest; nevertheless, they need to surrender the name to your high-risk customer whilst the loan comes up to a subprime loan provider. Continue reading