Lease Receivables

We can also purchase your lease receivables. The process is very similar to the purchase of Retail Installment Contracts.

Some the Advantages of Leasing to Your Customers:

Increased control of the customer (you retain vehicle ownership).
Customer payoffs and trade ups are managed exclusively by you.
In the case of bankruptcy, normally the customer is required to pay the account to your satisfaction, or return your vehicle.
Potential income deferral - since there is no retail sales agreement, income earned on the lease contract may be treated differently than a sale (consult with your accountant about your particular situation).
GPS and tracking devices are no problem, since you own the vehicle you maintain the right to know the vehicle location in case of customer default (proper disclosure required).
Sales Tax Paid Monthly - tax (in most states) is assessed and paid on just the amount of the monthly payment (due or received) as opposed to a lump sum at the time of the sale. This helps to eliminate losing prepaid taxes in the event of a repossession or default.
Residual Control - At the end of the lease term, the customer either opts to pay the residual (as quoted by you) to own the vehicle, or they can return it to your inventory. This allows you to remarket the vehicle a second time on another short-term lease, or sell the vehicle to another customer.

Here's how to get started ...

Complete and submit our online information request form.
Provide account history.
We will review and provide a proposal based on the receivables you have identified.
Provide paperwork (contract and title).

Also feel free to call us at 1-877-570-8857 or contact your nearest CAR Financial Services representative

CAR Financial Services purchases receivables in the following 43 states: AK, AL, AR, AZ, CA, CO, CT, DE, FL, GA, HI, ID, IN, KS, KY, LA, MD, ME, MI, MO, MS, MT, NC, ND, NE, NJ, NM, NV, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, WI, WA, WV, WY


Account Bulk Purchase Program Lease Receivables Account Servicing Program Advance Funding Program Payment Interval Purchase Program Portfolio Servicing Program Dealer Select Advance Starter Interrupt Program	Lease Receivables We can also purchase your lease receivables. The process is very similar to the purchase of Retail Installment Contracts. Some the Advantages of Leasing to Your Customers: Increased control of the customer (you retain vehicle ownership). Customer payoffs and trade ups are managed exclusively by you. In the case of bankruptcy, normally the customer is required to pay the account to your satisfaction, or return your vehicle. Potential income deferral - since there is no retail sales agreement, income earned on the lease contract may be treated differently than a sale (consult with your accountant about your particular situation). GPS and tracking devices are no problem, since you own the vehicle you maintain the right to know the vehicle location in case of customer default (proper disclosure required). Sales Tax Paid Monthly - tax (in most states) is assessed and paid on just the amount of the monthly payment (due or received) as opposed to a lump sum at the time of the sale. This helps to eliminate losing prepaid taxes in the event of a repossession or default. Residual Control - At the end of the lease term, the customer either opts to pay the residual (as quoted by you) to own the vehicle, or they can return it to your inventory. This allows you to remarket the vehicle a second time on another short-term lease, or sell the vehicle to another customer. Here's how to get started ... Complete and submit our online information request form. Provide account history. We will review and provide a proposal based on the receivables you have identified. Provide paperwork (contract and title). Also feel free to call us at 1-877-570-8857 or contact your nearest CAR Financial Services representative CAR Financial Services purchases receivables in the following 43 states: AK, AL, AR, AZ, CA, CO, CT, DE, FL, GA, HI, ID, IN, KS, KY, LA, MD, ME, MI, MO, MS, MT, NC, ND, NE, NJ, NM, NV, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, WI, WA, WV, WY