last six years Donnie Cochran has learned a great deal about
selling rent to own automobiles. Cochran is opening a second
location eighty miles away in Houma, Louisiana and expects to
add 100 active automobile rental agreements in the next 12
|As in any Rent To Own operation collections are
very important. Most of Cochran's customers pay biweekly
and most payments are between $150-250.
The largest and fastest growing
automobile rent to own system in the country, SEADRA (Southeast
Auto Rental Dealers Association), announces Success On The
Bayou. Bayou Auto Sales is located in New Iberia, Louisiana, a
small bayou city of 34,000 residents. Bayou Auto Sales has been
the automobile Rent To Own leader for this area of the state for
several years. Owner Donnie Cochran pays attention to detail -
and one detail he is very keen on is profit. Over the last six
years Donnie has learned a great deal about selling automobiles
using the SEADRA Rent to Own System. Cochran is opening a second
location eighty miles away in Houma, LA. With over 200 cars on
the SEADRA Rent to Own system, his cash flow continues to grow.
Bayou Auto Sales expects to add 100 active automobile rental
agreements in the next 12 months.
As in any Rent To Own operation collections are very important.
Most of Cochran's customers pay biweekly and most payments are
between $150-250. He only sells his vehicles on a RTO basis
because of the built in protections for his property and support
for his business provided by the SEADRA staff. Keep rate varies
between 10% to 25%. Most customers upgraded to a newer vehicle
at least once during the agreement.
All vehicles on the SEADRA Rent to Own System have two auto
insurance policies on them at all times and, as with any rent to
own transaction, the RTO dealer maintains full ownership of the
vehicle until the last payment is made. Maintenance of the
vehicle is the contractual responsibility of the renter who is
obligated to maintain the vehicle at all times.
As the success of Bayiu Auto Sales proves, the SEADRA Rent to
Own System works in smaller markets. Over 75% of the people that
walk onto the lot have cash for down payment/deposit, are
typically employed but credit challenged. SEADRA System dealers
are able to supply credit challenged consumers with quality,
reliable transportation at a reasonable rental rate while
improving cash flow and profit.
you put up a sign that says 'Rent to Own Cars', it’s like
kicking an ants nest," says Cochran. "People see the sign and
For more information contact SEADRA, call 877-573-2372 or visit
the website at
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