LIVE X Auto Exchange, Phoenix, now has a pair of rent-to-own car stores in two Phoenix-area Walmarts.
“The team at genuinely listened to the wants and needs of the Walmart customer, especially in these tough economic times, and responded by designing a new, affordable vehicle Flex-Lease program with a variety of options,” the company wrote in press release. In today’s tight credit market, many consumers who need reliable transportation find that they cannot purchase a used vehicle because they have an impaired credit history that prevents them from qualifying for financing. According to industry research, credit challenged consumers make up 71% of the current population.
Vehicles are available starting for as little as $69 per week. The basic program includes a limited engine and drive train warranty, Walmart tire and lube Express services (every 90 days), and LIVE X LiveWire vehicle theft protection. In addition, LIVE X allows customers to “bundle-in additional items such as third-party insurance, credit protection and rehabilitation, roadside assistance, prepaid gas cards and more.
The minimum commitment is four weeks. Credit check is minimal and primarily based on term of employment and term in residence, the company said.
“There is also the zero interest offer to consider, with 100% of the bi-weekly lease payments going toward the ultimate purchase of the vehicle. The LIVE X Rent-To-Own Flex-Lease program gives customers the freedom to return their car for any reason, or change vehicles, as one’s needs change, no questions asked.”