Auto By Rent Franchising, LLC, A Subsidiary Of Auto By Rent, Inc., Introduces Rent To Own Auto Franchise Concept

dBusinessNews St. Louis:

Auto by Rent, Inc. is pleased to announce a unique, low-cost, profitable franchise opportunity to 36 states throughout the U.S. with plans of expanding this market throughout 2008. The franchise options offered by Auto by Rent Franchising, LLC are tremendous. This franchise business is expanding rapidly as it is projected that the sub-prime rent to own auto industry is in its infancy and will grow dramatically in the next few years.

Auto by Rent, Inc. has 4 well established locations in the Springfield, Missouri area that have been operating successfully with the first location now 5 years matured. The Auto by Rent process has been proven effective to both the buyer of rent to own vehicles as well as offering a highly profitable business to the qualified franchisee.

‘We are excited about beginning our work with our first franchisees and presenting this occasion to prospective franchise owners. Our rent to own auto dealerships have allowed us to developed strong customer accountability while maintaining a distinct competitive advantage as one of the most profitable and affordable franchises available today,’ states William Roberts, Franchise Sales Representative, of Auto by Rent Franchising, LLC.

This franchise opportunity presents a unique and profitable business opportunity for the franchisee as well as introducing a superior car buying experience for the locations that the franchise is operating within. Rent to own car dealerships like Auto by Rent make vehicle ownership possible with 0% financing, no up front sales tax, and no license fees because the customer is renting the vehicle. The Auto by Rent business is far superior to the more traditional buy-here, pay-here programs because it allows the franchisee to retain the title to the vehicle with better control of collections. Upon approval, the customer pays an origination fee of $199 and up, depending on the vehicle selected and customer profile. The customer then makes affordable and convenient weekly payments for an 18-30 month period. At the conclusion of the rental contract, the customer receives the title for the vehicle.

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