"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…"
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Dan Blowers replied to Jake C's discussion Really considering on doing Rent To Own"I am happy to furnish that information but this may not be the right forum for that discussion. Please send an email request to dan@northlanddealers.com and I will send an information packet along with my contact information to you immediately"
Dan Blowers replied to Jake C's discussion Really considering on doing Rent To Own"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…"
Dan Blowers replied to Jake C's discussion Really considering on doing Rent To Own"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…"
Dan Blowers joined Greg Goebel's group
Auto Finance Companies
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.
Dan Blowers commented on Mitch Berndt's group Ren’T’Own® Lease’T’Own™"Billie Sue,
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…"
Dan Blowers replied to Tom Strellec's discussion RTO Lending Sources in the group Ren’T’Own® Lease’T’Own™"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…"
Dan Blowers replied to Tom Strellec's discussion RTO Lending Sources in the group Ren’T’Own® Lease’T’Own™"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…"
Dan Blowers joined Mitch Berndt's group
Ren’T’Own® Lease’T’Own™
Learn about Ren’T’Own®/Lease’T’Own™ and how it can compliment your current BHPH business model.
Profile Information
- Company
- Northland Auto Enterprises, Inc.
- Position
- SVP, Chief of Operations
- Dealership, Allied Industry or Finance Company?
- Allied Industry
- Your web site
- http://www.northlanddealers.com
- Biography/Work Summary
- Work History includes: Retail Management, Insurance Agency, Private investigator, Computer Design, Sales, and Service, and IT Professional
- Favorite Quote
- Let's get it done
- Activities Away From Work
- Cut firewood, build houses, hunt in Wyoming, spend time at the lakehouse, and watch grandkids grow.
- Birthday
- September 29
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