Ren'T'Own® Auto
104 Bettys Ave., Route 202 & 309, Montgomeryville, PA 18936 (215) 361-6900
Ren'T'Own® is a brand new approach to used car financing. Instead of selling you a car "as is" at a very high interest rate, we lease it to you and put a major components warranty on the vehicle.
At the end of the lease we give you the title. On an "as is" purchase, you owe the money even if there is a major mechanical failure. Often, you can't afford a major repair, and you can't afford to make payments on a car you can't drive.
So, the dealer or finance company repossesses a broken car and continues to pursue you for the money. This leads to a serious credit problem for you, making it very difficult to get transportation.
You're walking, the dealer has a broken car, and everybody loses.
Meanwhile, the Ren'T'Own® customer gets the engine replaced or the transmission repaired and drives a free rental car while the vehicle is repaired.
The risk of mechanical failure causes conventional used car financing to be very expensive. Often the sales contract is written at 50% above the value of the vehicle and at the maximum interest rates allowed by law (29% to 40%).
So, you are upside-down the minute you start driving. You have to come up with a big payment to get rid of the vehicle. And, over 25% of finance contracts end up in repossession, mostly due to mechanical failure.
With Ren'T'Own® repairs to major components in most subsystems of the car are covered by Warranty. This protects you the customer, us the dealer, and our lender whose collateral remains valuable.
And, with Ren'T'Own®, you can trade your car in at anytime for a very nominal fee. With conventional financing, it will cost thousands to get into another vehicle because you must make up the difference in your finance contract and the actual value of the vehicle. Ren'T'Own® is the way to ride!