The Numbers Don’t Lie!
|NET PROFIT YOU CAN REAP|
|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|
|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…
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.