Why invest in AutoStart? We've started a revolution
AutoStart began operations in 2009 and
is one of the fastest growing pre-owned automobile lessors in the United
States. AutoStart's primary business concentrations are leasing high-quality,
pre-owned vehicles to the sub-prime market and collecting payments on active
lease accounts. Our privately held company conducts business through 10 retail
stores and 4 service centers in Kansas, Missouri, and Tennessee.
The AutoStart revolution begins with
providing more value to our customers than virtually every other auto dealer in
the subprime segment of the used car market. This value comes from a
combination of services and products completely unique to AutoStart. While some
dealers offer a few of these benefits to select customers, none provide our
comprehensive package to all customers. Each vehicle leased through AutoStart
Vehicle Reconditioning- All vehicles
undergo an extensive multi-point inspection and thorough reconditioning process ensuring that they are both road worthy and safe. We typically replace worn
tires, brakes, hoses and belts. We also regularly address more significant power-train, drive-train, suspension and steering issues
Vehicle Warranty- A
"lifetime of the lease" limited warranty (depending on the lease
term) against major mechanical failure. The warranty runs the entire contracted
period of the lease, protecting the customer, asset and dealer. This plan
covers the most important and expensive power train components of the engine,
transmission and drive axle.
Pre-paid Tax, Title and Tags- We pay all
applicable taxes, tag fees, and titling fees for our customers. We even go get
the tags from the State or County in which customers reside. This saves
customers considerable post-purchase expenses and time.
Early Lease Termination- With this
program, our customers never have inequity in their vehicle. Customers can turn
in their vehicle at any time by paying any past-due amounts on their account
and a one-time lease cancellation fee of $795. Customers can use this program
to trade in, trade up, or simply walk away from their lease with no negative
account activity reported to credit bureaus.
Optional Collateral Protection- While the
customer is still required to carry state minimum vehicle liability insurance, customers may choose this product in lieu of comprehensive vehicle insurance.
This protects our investment in the vehicles and saves the customer money
versus conventional comprehensive vehicle coverage.
AutoStart's corporate structure helps
maintain profitability even while offering these valuable products and services
to customers. Our lean operations and clear processes allow efficient use of
personnel and capital. Staffing levels of sales associates, service
technicians, managers and corporate support employees are based on sales
volumes as projected by year over year forecasts. Employee pay levels are standardized
across all positions and locations.
Perhaps the greatest efficiency gained
by AutoStart's corporate structure comes from our collections process. Each
location manager and his or her sales associates are responsible for new sales
and collections on existing accounts. This arrangement builds rapport with
customers and creates an environment in which managers and salespeople have a
vested interest in the success of their customers.
AutoStart's Lease Here/Pay Here
business model also significantly outperforms the traditional Buy Here/Pay Here
model in many ways. Customers are attracted to leasing
higher quality vehicles at payment levels below traditional Buy Here/Pay Here
There is far more flexibility in lease
terms versus conventional Buy Here/ Pay Here terms.
AutoStart maintains actual ownership
of the leased vehicle, aiding in account collections and reducing state
mandated requirements in the event of repossession.
that building and sustaining positive relationships with customers, combined
with our unique business offerings are critical to the long-term success of the
company. In our highly competitive, yet greatly fragmented industry there is
significant opportunity for continued growth