The Numbers Don’t Lie!
| NET PROFIT YOU CAN REAP | ||
| BHPH | LTO | |
| Year 1 | $ (37,328.64) | $ 284,490.33 |
| Year 2 | $ 456,076.57 | $ 395,834.69 |
| Year 3 | $ 456,076.57 | $ 395,834.69 |
| Net Income | $ 1,349,904.25 | $ 1,488,487.50 |
| Minus Car | – $ 733,920.00 | – $ 733,920.00 |
| Net Income | $615,984.25 | $754,567.50 |
| Look! +$138,583.25 Lease to own WINS the Cash Flow Challenge | ||
The Numbers Don’t Lie! The above schedule doesn’t include costs for repo’s and bankruptcy. Here’s how we arrived at these…
For BHPH
Minus the cost of Repossession which averages about 30%
Minus the cost from Bankruptcies
Northland LTO Lease Program
There are no repo costs and no Bankruptcy costs
Dealer owns the car, keeps a set of keys and just picks it up if needed.
How many BHPH Cars per Year can you buy for Year 2 with a loss of -$37,328
How Many LTO Cars can you buy for Year 2 with Cash in hand of $284,490
Calculations based upon average cost of cars at $6116; Average loan payment of $416 and average operating expense of 21.55% of total monthly income or $83.40 per month. Based upon having an average of 10 cars out per year. And an averaged state income tax of 5.06%. The source of these numbers NABD/NCM. Federal taxes on BHPH are paid up front per Government regulations.
USED CAR LEASING
Used Car Leasing allows customers to pay for the periodic use of a car with the option to purchase it or return it at any time, for any reason, without penalty. Lease’T’Own® is the registered trademark name used to describe our Used Car Leasing Program.