Rental Management 101: Introduction to Rental-Module 3: Dealers Need Rental

Module 3: Dealers Need Rental - Part 3

Video Transcription

Video Summary

Rent-to-rent is a business strategy that can benefit dealerships in several ways. Firstly, it creates profitability and leveraged cash flow by using existing products and resources. It also allows dealerships to have more control over product distribution, reducing the risk of losing business to competitors. Rent-to-rent can also provide new business opportunities with existing customers and introduce dealerships to new and emerging customers. Additionally, it creates a future source of used machines and serves as a delivery channel for new products, allowing customers to try them out before making a purchase. Overall, rent-to-rent is a sustainable and profitable model for dealerships.

Keywords

rent-to-rent

business strategy

dealerships

profitability

product distribution