Cash America 1999 Annual Report Download - page 12

Download and view the complete annual report

Please find page 12 of the 1999 Cash America annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 15

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15

Cash America’s wholly owned
subsidiary, Rent-A-Tire, Inc., rep-
resents a significant innovation in
the well-established rent-to-own
industry. The business is
designed to provide customers
the opportunity to acquire
new tires and/or wheels for
their automobile for
perhaps the first time in
their lives. The cost of new tires
can represent a significant capital outlay for
many individuals. Rent-A-Tire offers the
customer tires and/or wheels on an easy to use
weekly pay rental purchase agreement. In
many instances, customers prefer this
alternative for their automobile rather than
acquiring used tires from small independent
operators. Customers enjoy the opportunity
to rent tires and wheels from Rent-A-Tire to
upgrade the image of one of their most valued
possessions, their automobile.
Customer response to
the business has been overwhelming.
The agreement period for tires is typically
twenty-six weeks. In the event the customer
would like to rent wheels for his or her
vehicle, agreement terms tend to be fifty-two
weeks. At any time, the customer may return
the tires or wheels to a Rent-A-Tire location
and conclude the agreement.
Rent-A-Tire
0510 15 20 25 30 35 40
1999
1998
1997
1996
R
E
N
T
A
L
L
O
C
A
T
I
O
N
S
year ended
DEC 31
Rent-A-Tire Markets
and Locations
As of December 31, 1999
Dallas/Fort Worth 13
Houston 8
San Antonio 7
El Paso 3
Austin 1
Brownsville 1
Corpus Christi 1
Harlingen 1
Laredo 1
McAllen 1
Victoria 1
Waco 1
TOTAL 39
10