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LONESTAR RACING LAUNCHES “RENT-TO-RIDE” PROGRAM

This is a discussion on LONESTAR RACING LAUNCHES “RENT-TO-RIDE” PROGRAM within the LoneStar Racing forums, part of the Authorized Sponsors category; LONESTAR RACING LAUNCHES “RENT-TO-RIDE” PROGRAM PHOENIX, AZ (07/06/2010) – Lonestar Racing, the world leader in ATV and UTV off-road racing products, announced today the launch ...


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Old 07-06-2010, 01:44 PM   #1
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Default LONESTAR RACING LAUNCHES “RENT-TO-RIDE” PROGRAM

LONESTAR RACING LAUNCHES “RENT-TO-RIDE” PROGRAM


PHOENIX, AZ (07/06/2010) – Lonestar Racing, the world leader in ATV and UTV off-road racing products, announced today the launch of their “Rent-To-Ride” program.

Lonestar Racing’s “Rent-To-Ride” program is the most flexible transaction process in the marketplace today. It allows consumers with limited cash and/or credit the opportunity to rent-to-own Lonestar Racing products with no obligation to buy, no credit check and manageable payment plans. All you have to do is complete a simple application process and agree to the terms and conditions of their “Rent-To-Ride” program and your Lonestar Racing products will be shipped right to your door.

Dan Fisher, Vice President, said “In today’s tough economy, the Rent-To-Ride program will afford our customers additional avenues for purchasing Lonestar Racing products. We feel that this new program will open doors and give customers a great opportunity to build their dream ATV or UTV.”

For program details and an application please contact a Lonestar Racing sales representative today at 800-4LS-RACE (800-457-7223)


About Rent To Own Industry:
The $7-Billion rent-to-own industry or RTO sprang up in the 1970’s in response to growing consumer needs without incurring debt or jeopardizing family credit. The RTO industry is composed of dealers who rent furniture, electronics, major appliances, computers, wheels and tires and now ATV and UTV products.

About Lonestar Racing:
Lonestar Racing is a production and custom manufacturer of the highest quality racing and recreational products for ATV's and UTV's. Having been in the business for almost 20 years, they have been producing race winning chassis and suspension components for all types of racing, ranging from the street to off road. Their 45,000 sq ft facility in Mesa, AZ is home to many dedicated team members that provide life to the 23 CNC machining centers. LSR combines this with CAD software to eliminate errors in all of the tube bending, laser cutting, milling and lathe work,. They also have many TIG welding stations and an in house powdercoating facility. LSR also offers installation and maintenance for your ATV and UTV needs by factory trained master technicians
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Old 07-29-2010, 12:59 PM   #2
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Default 90 DAYS SAME AS CASH

For the month of August Lonestar Racing will offer up "90 Days Same as Cash" on all approved Rent-To-Ride applications. Please note that you will still be required to make your weekly payment but will now have the option to pay off the CASH price within 90 days of contract signing.
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Old 07-30-2010, 01:07 PM   #3
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So lets say someone makes payments for 60 days, do those payments get pulled from the cash price? or does the cash price always stand during the 90 days.
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Old 07-31-2010, 10:01 AM   #4
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My understanding is you don't pay any interest for the first 90 days no matter what as long as you pay it off within that 90 day period. If you go beyond the 90 days then you will be charged interest for the full amount from day 1. Correct me if I'm wrong LSR.
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Old 08-02-2010, 11:39 AM   #5
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All payment up until the 90 days will be applied to the CASH PRICE, once you hit the 91st day you will be paying the RENT TO RIDE price. So you are correct in your assessment.
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Old 08-02-2010, 06:14 PM   #6
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ok, so lets say I have $2000 in parts (cash price) and in the first 90 days, I pay a $1000 and for what ever reason I can't pay the other $1000 leaving a $1000 balance on day 90. So on the 91st day does it jump to $4000 (based on original price with 100% mark up) or $2000 (based on remaining balance with 100% mark up)? and if it jumps to $4000, does the $1000 I have already paid get applied, or do you just pocket the cash?

My understanding of 90 same is cash is that you get to pay as much off the principle before the interest hits, but this doesn't seem to be the case.
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Old 08-03-2010, 11:46 AM   #7
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All payments made are always going to the balance of the Rent-to-Ride price. If you are able to pay off the CASH selling price within 90 Days then you will own the product. If you cannot pay off that but have made additional payments that will be applied to CREDIT against future payments or an early buyout. So if you pay $1000 extra you have a CREDIT of $1000 that can be used for future payments or $1000 off an early buyout price.

Hope that helps! If you have more questions please feel free to call into LSR (800) 457-7223 and ask for Robert or Bobby.

Thanks,
Robert
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