Rent to Own History

The History of Lease Purchase Options

History 101:

Years ago there use to be only two ways to buy a car or truck - cash or a loan from the bank or the car company. Today, there are many cars that are sold using Lease Purchase/Lease Option (lease with an option to buy).  You can now get a brand new car of your choice that you once thought you couldn't afford, with little money down and a decent monthly payment

You can drive this leased car for two to three years or so, and if you want to keep it, pay off the reduced price (because part of your monthly payments have gone toward the purchase price of the car), but if you don't want to keep it, you basically return the car. This concept has been used in the car industry for quite some time now.

As you can see, car dealers can now move their cars off the lots faster because they have a wide range of people who thought they couldn't afford a $40,000 car or $75,000 car, etc., but now they can with Lease Purchase: buyers can now drive the car of their dreams with Lease Purchase and have all the benefits of car ownership, etc.

So it turns out being a win win for both the car company and the buyer. This same concept that has been used in the car industry for quite some time is now being used and has been used in the real estate industry as well for some years now.

Why am I telling you this? I certainly don't want you to go out there and purchase a car, because first of all, a car is a depreciating asset (the moment you drive it off the lot, the value of it starts declining) etc. etc.

I am not telling you to start selling autos, but I want you to picture yourself as a tenant/buyer using this Residential Lease To Purchase Information to buy your next home, or a seller/landlord or investor renting or selling your property using Residential Lease To Purchase Information you learn, or a realtor educating and providing valuable services such as Lease Purchase to your clients.

Lease Purchase offers the best for all parties if set up properly.

The problem is that most people don't pursue Rent to Own opportunities, because they do not know how to do them or they are skeptical of them.