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Hybrid
LeasePurchase |
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Effective October 15, 2009
No new Dealers will be signed to the Lease Purchase program until January 4, 2010.
Store sign up forms received after October 15, 2009 along with the $150.00 set up fee will be held and will be submitted in the order in which they were received beginning January 4, 2010.
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“HLP Outperforms for the Credit
Challenged!” |
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Key Benefits:
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65% or more of your primary’s turndowns are approved!
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More word-of-mouth advertising from happy customers!
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Happier Sales Associates!
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Greater advertising/sales efficiencies = greater profits!
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Main Features:
- Hybrid Lease/Purchase!
- 90-Day SAC !
- After 90 days, payoff = 65% of Lease balance!
- 12 month payout!
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Not Rent-To-Own
“The Hybrid LEASE/PURCHASE (“HLP”)
alternative financing option is NOT Rent-To-Own.” Customers
coming into your store are there to BUY, not rent! RTO has an
invoice multiple of 300% …. That’s $3,000 on a $1,000 invoice
for 24 months! The HLP takes your customer to a
1.8 multiple for only 12 months; they own it in 12 months!
HLP offers 90 Day Same-As-Cash for the invoice amount
or a payoff at any time after 90 days for 65% of the HLP
balance! |
“How much did you make when your primary lender rejected your
customer’s credit application” |
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Sales Finance Illusion
HLP is a better choice for the
credit-challenged customer. Did you know that on a $1000 retail
invoice the sales finance transaction will take your customer between
60 and 72 months to pay out, with paid-in interest from $444.00 to
$474.00? And this is on your better customers! The HLP customer will
own their purchase years before your “better” customer!
Credit Decisioning
Don’t make economic decisions for your credit-challenged customer. Give them
the HLP option and you’ll be surprised at their choice!
HLP SUPPORT
We provide Sales Training to give your sales associates the knowledge,
skills and confidence they need to make your HLP program a
high-yield success for them and your store!
How the Program Works
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