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.
LTO® Financial puts Lease'T'Own® dealers in a positive cash flow situation!