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The major domain marketplace DAN has created a new interesting lease-to-own option for anyone buying or selling domain names. The option will make the so-called premium-class domain names more affordable and will allow sellers to gain income without waiting for someone to pay handsomely for their domain because the process may take years to complete. The lease-to-own tool means domain names can be purchased in installments over a period of up to five years, and buyers can start using the domain names immediately.</p>
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Interest-free installment plans of up to 12 months are stipulated. Two-year lay-away plans carry 10 percent interest, with three-year and five-year plans offering 20 and 30 percent interest. A $15,000 domain name will cost $19,500 under the lease-to-own tool. Quite possibly, buyers will be able to earn money by launching their own website using the domain purchased under the lease-to-own option. DAN charges a fixed 9 percent commission, as with any other transaction.
Minimal lease-to-own monthly payments total $99. Judging by the first comments, posted on the blog Online Domains, the domain community has responded positively to this innovation. Earlier, DAN offered similar lay-away plans of not more than 12 months.</p>
