TORONTO, Dec. 10 /CNW/ - Dave Baker, President of the Newstart Canada group of companies is pleased to announce that they have successfully launched a pilot program for Rent to Own Cars!
In the past, consumers have enjoyed being able to obtain furniture and electronics with this type of "pay as you go" financing program, but it is new to the car industry. Walmart (USA) has a similar pilot underway in Arizona.
To define the program simply, a customer can lease and return the car (after a 6 month period) when it is no longer needed. Modest cars require no money down and no minimum credit rating. Each vehicle comes with a 1 year CAA Membership, extensive power train warranty and free oil changes.
In these difficult times, consumers living week to week will no longer be faced with major expenses outside of a modest weekly payment.
About The Newstart Canada Group of Companies: Canada's original micro lender has been helping un-bankable Canadians improve their credit ratings since 1978. The Toronto, Ontario based group of companies has now provided over 30,000 consumer loans to customers who lack a sufficient credit rating to borrow from a traditional bank. Newstart connects customers, vendors and investors through its unique "Peer to Peer" program. Until recently Newstart Canada's focus has been in the Auto Finance sector but the company is receiving interest from many other vendor controlled financing channels.
SOURCE NEWSTART CANADA
For further information: For further information: Wendy Bickers, Phone: (416) 286-7400 Ext. 226