LOC purchases vehicles returned to lenders at the termination of Super Non-Lease. If autos are repossessed or if total losses from physical damage occur, LOC is insured by an A rated company to pay the principal loan balance. No requirement for large down payment, first month's payment, or security deposit. LOC establishes reliable residual values. At the termination of Super Non-Lease, borrowers' remaining loan balance is the same as the residual value.
Borrowers choose one of the following options at the termination of Super Non-Lease.
Refinance the remaining loan balance. Return the vehicle to the lender. If you are not offering alternative financing, you could lose significant market share and finance income. Offer the benefits of Super Non-Lease.