BANKS & LEASE LENDERS
An Understanding for Orthodox Vehicle Lessors
Life, money, law, and leasing all run in a circle. What goes around, comes around, both good and bad. Conversely, crashes to ashes, rust to dust, all leased vehicles end up in the junkyard some day. If you are, or wish to become, an old-fashion level-yield lessor abiding by these natural laws and the rules of financial relativity, this article is for you.
How you choose to merchandise orthodox auto leases determines your present & future values, workload, risk, and expense. Most important, how you choose to originate leases defines your control of the economy as it revolves. Until now there has been only one way to do it. As you probably know, Jim Aiken, Automotive Lease Group, invented indirect auto-leasing, which he started with Security Pacific under contract in 1972.
- Indirect auto leasing through auto dealership showrooms can be profitable only if the residual values, vehicle inspections, amortization, terms, conditions, early-termination payoffs, and every party to every transaction are fair, honest, and equitable. ESP's Essential Technologies© actually guarantee those events happen on each and every new and used-vehicle transaction created by our Showroom Selling Systems©.
- For the first time in history, lease-lessors can now provide direct new and used car leases to consumers for double profit, low expense, and eminent control with the ESP products© and services. There is currently no competition for UVL, which is the largest segment of the market. UVL is a wholesome solution for every part of the the US economy.
- ESP, copyright holder of the world's only pre-owned orthodox leasing systems, has created a wholesalers' merchandising system© for use at auctions to promote subsequent retail, commercial, and municipal used vehicle leases. This is the key to entering the most lucrative segment of leasing and it is a solution for remarketing the tsunami of off-lease vehicles flooding the market.
- ESP's new POOL© funding mechanism allows dealers, banks and other investors to deposit unused profits into used vehicle lease securities, which legally defers taxes while turbo charging revenue by 18.27%. More important, the full service POOL© fund enables longer leases on older vehicles including modern autos antiques, classics, watercraft, aircraft, RV's and motorcycles.
- ESP offers double indemnified lease funding by placing is stock in escrow with Continental Stock Transfer & Trust Co as collateral for hybrid non recourse stock loans and as guarantees of our services and products including all systems©. Thereby, participating banks control their future for the highest return on investment in the history of the NYSE.
So, the answer to the question of which path to take and our best recommendation, is, "All of them." Start with promotions in the wholesale arena, which automatically melds purified indirect retail dealer activity in the right way. The direct UVL program© can be added to your arsenal at any time, but it may conflict with established dealer and/or industry relationships. Harmony is the key ingredient. VFLO© is the tool. ESP provides the solution including the NetWorkForce™ manpower.
Please feel comfortable contacting me about these platforms at anytime:
Tony Goodhardt, PSE of ESP, ag@esptech.world or call (800) 339-6989 x 969