KC Auto Sales Manages Used Vehicle Leasing Through Northland
Northland Auto Enterprises Case Study
For more than two years, KC Auto Sales, San Angelo, Texas (5 hours from Dal?las? Ft. Worth area) has been a cus?tomer of the North?land? Auto Enter?prises used car leas?ing pro?gram ? Ren?T?Own?/Lease?T?Own?.
The RTO/LTO? pro?gram makes a lot of sense to bet?ter serve this mar?ket for a num?ber of reasons:
- Cus?tomers need a flex?i?ble financ?ing option when their choices are lim?ited due to low credit scores and finan?cial chal?lenges. With RTO/LTO?, deal?ers own the vehi?cle 100% ? a strong defense against repos?ses?sions, bank?rupt?cies, and delin?quent pay?ers. The cus?tomer is given options when other deal?ers have turned them?down.
- Cus?tomers of KC Auto Sales buy used/pre-owned cars from the dealer through the Ren?T?Own?/Lease?T?Own? pay?ment pro?gram with no credit check, 0% APR, and low monthly pay?ments. Cus?tomers appre?ci?ate the price and ser?vice?level.
- KC Auto Sales has appre?ci?ated the cost effi?ciency ? $1 mil?lion and $5 mil?lion options for lia?bil?ity cov?er?age, and hav?ing a solid alter?na?tive to tra?di?tional finance. ?It?s easy to use, and the cus?tomer ser?vice is great,? says Tim Carterof KC Auto Sales. ?If we have a law?suit from an acci?dent, the North?land legal team takes it?on.?
For Tim Carter, it?s been a very good mar?ket for the deal?er?ship, but the chal?lenge has been serv?ing cus?tomers while effec?tively man?ag?ing the leases, and some?times hav?ing to face legal problems.
Deal?ers are learn?ing a lot more now about the lia?bil?ity risk with leas?ing ? it can quickly tran?si?tion into a law?suit out?side of insur?ance pol?icy cov?er?age. ?We were sued when a dri?ver was killed dur?ing a col?li?sion,? Carter said. ?North?land took care of it ? we didn?t have to worry about liability.?
Leas?ing has become a strong alter?na?tive financ?ing method for used car trans?ac?tions, but deal?ers have to learn how to man?age the con?tracts and com?ply with detailed state laws over?see?ing leas?ing. Man?ag?ing and over?see?ing leas?ing con?tracts is guar?an?teed by North?land. While this process can be dif?fi?cult and very stress?ful, if you?re being audited by the state, Carter says ?Audi?tors and inves?ti?ga?tors are not prop?erly trained on leas?ing con?tracts. North?land is able to resolve these issues for?us.?
Visit the North?land web?site for more infor?ma?tion on Ren?T?Own?/Lease?T?Own?.
Source: http://automotivedigest.com/2012/08/kc-auto-sales-manages-used-vehicle-leasing-through-northland/
carrie underwood jessica simpson ryan seacrest kentucky derby beltane capitals john edwards
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