"Mr. Arceri is close to correct. Northland uses a Federal Regulation "M" lease with a residual at the end. It allows the car to be returned at any time without penalty. It stays out of the "gray areas" and has…"
"I am happy to furnish that information but this may not be the right forum for that discussion. Please send an email request to firstname.lastname@example.org and I will send an information packet along with my contact information to you immediately"
"Jason Sharpe is right, there is no connection between transfer/title fees and excess contingent liability insurance. Thanks to all who said nice things about Northland. The most important legislation in Minnesota in years has just gone…"
"Rent to Own is similar to BHPH in some respects, but the Title remains in the dealership name. The lease document requires the lessee to carry the primary insurance including comp and collision. The dealer has to carry excess contingent…"
Use this forum to ask questions or share information about auto finance and leasing companies. One suggestion - rather than writing on the "wall", keep the discussions organized by adding to an open topic or by starting another discussion.
There is a long term marketing stratedgy for making the customer bring the payment to the dealership. The relationship and trust levels grow and then at about 8-12 months, you ask them if they see any other car on the lot that they like…"
"Tom, I'm sorry to hear that the banks in your area aren't receptive. It might be the approach you are using with them. It is hard to get your banker to view you as something other than a car dealer. You look at talk like a car dealer and…"
"Hi Tom, The financing of RTO has changed dynamically in the last year. We are very unlikely to see any national lender that will finance RTO all across the nation. We are seeing many large banks and business banks funding RTO dealers. The change in…"