Vehicle Funding

Vehicle Funding with LTO® Financial

As part of Northland, LTO® Financial adheres to the same motto and set of ethics that has earned your trust and loyalty as a Lease’T’Own® dealer “Helping Dealers Succeed”. LTO® Financial provides the ability for you to use your Lease’T’Own® fleet in exchange for funds to buy additional vehicles. LTO® Financial provides the dealer with an excellent cash flow and the opportunity to continue growing a successful business.

Here’s how it works!


LTO® Financial purchases qualified vehicles and their corresponding Lease’T’Own® contracts from approved and Lease’T’Own® dealers in groups of 3 or more.

Qualified vehicles will be:

  • Contracted on a Lease’T’Own® Consumer Lease Agreement
  • Covered with Excess Contingent Liability Insurance provided by Northland Auto Enterprises, Inc.
  • Equipped with a Northland GPS vehicle tracking device

LTO® Financial purchases the vehicles at a receipt value not to exceed NADA Clean Trade-In value. At the time of purchase, LTO® Financial is put on the title as owner of the vehicle at the dealer’s expense. There is a one-time $100.00 fee per group of vehicles that are purchased.

The dealer becomes a “Dealer-Agent” of LTO® Financial. In this role, the dealer will perform various duties on behalf of LTO® Financial. These duties include maintaining the day-to-day relationship with the lessee, collecting the lease payments, handling the recovery of vehicles if needed, vehicle maintenance, etc.

The Dealer-Agent makes a monthly payment to LTO® Financial for a set duration of time.

Upon completion of each deal LTO® Financial will sign the title back to the Dealer-Agent to dispose of as they see fit.

Application Requirements

To become a candidate for LTO Financial, LLC, the following documentation may be required:

  • Copy of your Dealer’s License
  • Completed Personal Financial Statement – signatures must match signatures on Dealer’s License.
  • Copy of your Articles of Incorporation (if incorporated)
  • Copy of the Drivers Licenses of all signers of the dealer license
  • Copy of the business bank statements for the last 2 months
  • Copy of your Dealer Bond

To be considered for increased purchasing potential, the following documents will also be required:

  • Copy of the last 2 years business financial statements
  • Copy of the last 2 years of personal taxes (required for each owner)
  • Balance Sheet and Profit/Loss Statements (samples available here)

We respect your privacy! We will only use this information to contact you regarding our program. Submit these documents to:

LTO® Financial, LLC
850 East Cliff Road
Burnsville, MN 55337 or by fax to (952)-767-4507

The approval process takes approximately 1-2 weeks.

Lease & Vehicle Requirements

  • Dealer must be an active Lease’T’Own® Associate in good standing with Northland Auto Enterprises
  • Dealer must own the first grouping of 3 vehicles
  • Vehicles to be purchased must be contracted under Lease’T’Own® Consumer Lease Agreements
  • Lease’T’Own® vehicles must be covered with Contingent Liability Insurance provided by Northland Auto Solutions. Coverage options include either Gold Coverage or a combination of Silver with Coverage Plus.
  • Exotic vehicles are not permitted for this program. (Ex: Mercedes, Land Rover, BMW, Etc.)
  • Lease’T’Own® vehicles must be equipped with a Northland GPS vehicle tracking device​​
  • Dealership must be actively using an approved Vehicle Management Software