- NET LIFE Auto Lease: eApplication Coming NEXT!
The NET LIFE Auto Lease Program® provides two very new and essential elements to the auto industry:
For the Consumer:
- a no-hassle and direct opportunity to lease a new car every three (3) years making new vehicles available to all consumers regardless of their credit or credit history.
For the Auto Manufacturer:
- an opportunity to better gauge production and sales, thereby, lending more time and attention to vehicle cost, quality, safety and service.
The NET LIFE Auto Lease Program® works very much like the non-recourse LCMO® and LCDO® products, however, rather than leveraging real estate or other non-depreciating assets, the auto lease program creates an inverted LCDO® (Life Collateralized Debt Obligation) which takes into consideration the depreciating asset; an automobile. By inverting the depreciation of the vehicle over time (3 years), NET LIFE is able to creatively utilize the vehicle depreciation to maximize the LCDO® return, thereby, providing consumers with a roll-over non-recourse auto lease for three (3) years at a time.