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 Lynnray Financial Corporation (LFC) offers 24 month
inventory financing terms to independent Rent To Own dealers. Bill
Lassiter, Vice President, Lynnray Financial, cites an increase
in 78 and 104 week rental contracts as a reason that more and more RTO dealers
are experiencing negative effect on their cash position. "The rising consumer
demand for expensive large screen HD televisions is a factor in the increased
number of long term rental contracts," said Lassiter.
Large screen HD televisions are traditionally rented on 104 week programs. These
contracts create a negative cash flow for an average of 10.5 months per unit.
Lassiter says most dealers are required to repay suppliers on short term payouts
of 30 to 90 days. As the percentage of the longer term rental contracts
increases so does the negative impact on a dealer’s cash flow.
Lynnray Financial Corporation offers a dynamic solution by allowing the dealer
to purchase a portion of its inventory on a 24 month payable schedule and have a
positive cash flow for the term of the contract.
For further information, call Bill Lassiter at 800-535-4138.
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