I HAVE BAD CREDIT - WILL I QUALIFY?
ALM Leasing & Rentals gives little importance to your credit score. We look at your income, your stability, and your references as the primary factors and use that information to help determine the level of payment you can afford. We tailor your monthly payments to fit your finances!
SHOULD I EVEN APPLY IF I'VE BEEN TURNED DOWN FOR FINANCING AT OTHER DEALERSHIPS?
This is the PERFECT program for you. If you think you won't be able to qualify for the rent2own program when others have told you "NO", ALM Leasing & Rentals can say "YES"! You are not applying for a loan. You work with us to determine a payment level you can afford and then we will match you up with the right car!
HOW DOES RENT2OWN WORK?
ISN'T CAR LEASING ONLY FOR RICH PEOPLE?
When most people think of leasing or long-term rental, they think of the TV commercials advertising leasing of brand new vehicles. Obviously, new vehicles are much more expensive than used vehicles so it's only natural to assume that renting/leasing is for rich people. This couldn't be further from the truth when it pertains to our program. The ALM Leasing & Rental Rent2Own Program is a good fit for people of all income levels because we match you to the vehicle that best fits your budget. Here is how we stack up against traditional car loans and rentals:
You pay a high down payment because of your credit score when you get your car, and get interest rates in the 20% + range. Monthly payments are typically for 4-7 years.
You will most likely owe more than what the car is worth after one year with it. In case of an accident, you will owe the finance company a lot more than what the insurance will pay including GAP Coverage.
When you add rental sales taxes that average 10% to 12%, after 3 to 6 months, you'd pay more than twice as much as ALM Leasing & Rentals Rent2Own program including the Start Payment.
You pay a lower Start Payment when you get your car and weekly or bi-weekly payments with the ability to return the car or buy it at any time.
IS BUYING A CAR CHEAPER THAN RENT2OWN or LEASING A CAR?
Not always, If you are the type of customer who trades in a car before it's paid off, then you are probably losing money with each trade, making "buying" the car more expensive. Auto Loans when you have a low credit score require high down payments with interest rates in the 20% to 30% range. In the case of most rent2own customers, you can't get financing to buy a car so being cheaper or more expensive really isn't the issue. The issue is that you need an affordable car and ALM Leasing & Rentals can get you in one through our Rent2Own program.
WHAT KINDS OF CARS ARE AVAILABLE FOR RENT2OWN? ARE THESE NEW CARS?
ALM Leasing & Rentals offers realiable and cost effective vehicles Pre-Owned and Certified Pre-Owned. You will often find vehicles between 2 and 6 years old and in good condition many still under manufacturer warranty. Are they perfect? No...but we are picky about which vehicles we offer on the program. Most vehicles come with an engine and transmission warranty to cover costly repairs.
CAN I REALLY RETURN THE CAR ANY TIME, FOR ANY REASON?
It's true! Right in the agreement you will see the proof! Our unique Rent2Own contract states that "You may voluntarily terminate this lease, without penalty, before the end of its term." No questions are asked. Just turn in the keys, leave the vehicle in good condition, be current on your payments and you can walk away with no further penalty. No repossession will appear on your credit history. When you get back on your feet financially, come back and we can help get you back into another car.
IF I GET BORED WITH MY CAR, CAN I RETURN IT AND GET A DIFFERENT ONE?
Of course! You can terminate your ALM Rent2Own agreement at any time, for any reason, so it's definitely possible and easy to change vehicles.
DO I OWN THE CAR?
Your name is on the title and registration, and ALM Leasing & Rentals owns the car.
THIS PROGRAM SOUNDS TOO GOOD TO BE TRUE! WHAT'S THE CATCH?
There is no catch - it's really as good as it sounds! What other program out there will help you get into a vehicle at a payment level that fits your budget, a transportation provider that won't judge you based on your credit score, and a team that genuinely wants to help you and keep you as a long term customer? What other program lets you return the car at any time, for any reason, without questions and will still welcome you back into another vehicle once you get on your feet again? Don't settle for anything less! Apply Now!