How Rent-to-Own (RTO) Financing Can Help Trailer Dealerships Grow their Market Share

In recent years, rent-to-own (RTO) financing has emerged as a popular alternative financing option for people looking to purchase big-ticket items such as cargo trailers or car haulers. This has allowed aggressive dealers to increase their market share by acquiring customers who otherwise would not have access to financing. In fact, at our two trailer dealerships, we have seen a 200% increase in sales volume since partnering with two different RTO providers. This has drastically increased our revenue and allowed us to hire more employees and make a substantial reinvestment into our company.

There are several advantages to using RTO financing, both for the dealership and the customer. For the dealership, one of the most significant advantages is that there is no recourse. If the customer meets minimum criteria laid out by the RTO company, the RTO company assumes all risk. Additionally, in the event of a repossession, the repossessed trailers will be brought back to the dealership at the RTO company's expense, and the dealership will be given an opportunity to sell it again for a commission.

For the customer, RTO financing offers several benefits, including:

1. No Credit Check Required: One of the significant advantages of RTO financing is that there is no credit check required. This means that even if you have poor credit or limited credit history, you can still qualify for this financing option.
2. Flexible Payment Plans: RTO financing offers flexible payment plans that can be tailored to fit your budget. Unlike traditional financing options that have fixed monthly payments, RTO payments can be adjusted based on your financial situation. This means that you can choose to make smaller payments over a more extended period, making it easier to manage your finances.
3. Low Down Payment: Most traditional financing options require a large down payment to be made upfront. RTO financing, on the other hand, doesn't require such a big down payment, making it easier to get started with the purchase process. This can be a significant advantage for those who don't have the extra cash on hand.
4. Ownership at the End of the Term: Another significant advantage of RTO financing is that you will own the cargo trailer or car hauler at the end of the term. This is different from other renting or leasing options, where you don't own the item, ever.
5. Easy Approval Process: The approval process for RTO financing is relatively simple and straightforward. You will need to provide some basic information about your income and employment, but there is no extensive documentation required. This makes the process faster and less stressful than traditional financing options.

In conclusion, RTO financing can be an excellent option for trailer dealerships looking to increase their market share. By partnering with an RTO provider, dealerships can offer a financing option that is accessible to a wider range of customers. Additionally, the benefits of RTO financing, such as flexible payment plans, no down payment, and easy approval processes, make it an attractive option for customers looking to purchase big-ticket items.

Make this Linkedin article better - Title-Using RTO as a tool to gain marketshare in the trailer industry. In recent years, a fairly new financing option has emerged in the market for those looking to purchase big-ticket items such as cargo trailers or car haulers: rent-to-own (RTO). This alternative finance option has gained popularity due to the various benefits it offers over traditional financing methods. This has allowed agressive dealers to increase their marketshare by aquiring customers who otherwise would not have access to financing. In our 2 trailer dealerships we have seen a 200% increase in sales volume since partnering with 2 different RTO providers. This has drastically increased our revenue and allowed us to hire more employees and make a substantial reinvestment into our company. Advantages of using RTO are include: No recourse. IF the customer meets minimm criteria laid out by the RTO company the RTO company assumes all risk. Also, in the event of a reposession the repoed trailers will be brought back to the dealership at the RTO companies expense and you will be given an opportunity to sell it again for a commission. the advantages for the customer are

Here are some advantages of RTO when buying a brand new cargo trailer or car hauler:

No Credit Check Required

One of the significant advantages of RTO financing is that there is no credit check required. This means that even if you have poor credit, you can still qualify for this financing option. This can be a significant relief for those who have had credit issues in the past or have limited credit history.

Flexible Payment Plans

RTO financing offers flexible payment plans that can be tailored to fit your budget. Unlike traditional financing options that have fixed monthly payments, RTO payments can be adjusted based on your financial situation. This means that you can choose to make smaller payments over a more extended period, making it easier to manage your finances.

No Down Payment

Most traditional financing options require a down payment to be made upfront. RTO financing, on the other hand, doesn't require a down payment, making it easier to get started with the purchase process. This can be a significant advantage for those who don't have the cash on hand for a down payment.

Ownership at the End of the Term

Another significant advantage of RTO financing is that you will own the cargo trailer or car hauler at the end of the term. This is different from traditional financing options, where you don't own the item until the loan is paid in full. With RTO financing, you have the option to purchase the item at the end of the term or return it to the lender.

Easy Approval Process

The approval process for RTO financing is relatively simple and straightforward. You will need to provide some basic information about your income and employment, but there is no extensive documentation required. This makes the process faster and less stressful than traditional financing options.

In conclusion, RTO financing can be an excellent option for those looking to purchase a brand new cargo trailer or car hauler. It offers several benefits, including flexible payment plans, no down payment, and easy approval processes. If you're considering buying a big-ticket item but are hesitant due to credit or financial issues, RTO financing may be the perfect solution for you.

Title: How Rent-to-Own (RTO) Financing Can Help Trailer Dealerships Grow their Market Share

In recent years, rent-to-own (RTO) financing has emerged as a popular alternative financing option for people looking to purchase big-ticket items such as cargo trailers or car haulers. This has allowed aggressive dealers to increase their market share by acquiring customers who otherwise would not have access to financing. In fact, at our two trailer dealerships, we have seen a 200% increase in sales volume since partnering with two different RTO providers. This has drastically increased our revenue and allowed us to hire more employees and make a substantial reinvestment into our company.

There are several advantages to using RTO financing, both for the dealership and the customer. For the dealership, one of the most significant advantages is that there is no recourse. If the customer meets minimum criteria laid out by the RTO company, the RTO company assumes all risk. Additionally, in the event of a repossession, the repossessed trailers will be brought back to the dealership at the RTO company's expense, and the dealership will be given an opportunity to sell it again for a commission.

For the customer, RTO financing offers several benefits, including:

1. No Credit Check Required: One of the significant advantages of RTO financing is that there is no credit check required. This means that even if you have poor credit or limited credit history, you can still qualify for this financing option.
2. Flexible Payment Plans: RTO financing offers flexible payment plans that can be tailored to fit your budget. Unlike traditional financing options that have fixed monthly payments, RTO payments can be adjusted based on your financial situation. This means that you can choose to make smaller payments over a more extended period, making it easier to manage your finances.
3. No Down Payment: Most traditional financing options require a down payment to be made upfront. RTO financing, on the other hand, doesn't require a down payment, making it easier to get started with the purchase process. This can be a significant advantage for those who don't have the cash on hand for a down payment.
4. Ownership at the End of the Term: Another significant advantage of RTO financing is that you will own the cargo trailer or car hauler at the end of the term. This is different from traditional financing options, where you don't own the item until the loan is paid in full. With RTO financing, you have the option to purchase the item at the end of the term or return it to the lender.
5. Easy Approval Process: The approval process for RTO financing is relatively simple and straightforward. You will need to provide some basic information about your income and employment, but there is no extensive documentation required. This makes the process faster and less stressful than traditional financing options.

In conclusion, RTO financing can be an excellent option for trailer dealerships looking to increase their market share. By partnering with an RTO provider, dealerships can offer a financing option that is accessible to a wider range of customers. Additionally, the benefits of RTO financing, such as flexible payment plans, no down payment, and easy approval processes, make it an attractive option for customers looking to purchase big-ticket items.