Dan.com lease to own (1.Viewing)

I sold a domain a few months back and the buyer chose the lease to own option. Thing is the buyer chose a 12 month lease option which in itself was quite unusual.

So to my surprise over three months later the buyer defaulted on payment and the domain landed back in my account.

All in all it's a pretty sweet option which made me a nice little piece of pocket change.

I have DAN on quite a few of my domains but ever after hearing this, is GD still a better option? I ask because it’s more well known and with the amount of scams going around online, GD is more of a trusted/known source.

On a side note, my major issue with GD is their massive commission rate compared to DAN’s.

Let me break down why this is a positive and not a negative...



1. The client bought a domain name they obviously stretched on financially and decided to take it over 12 payments. There would not have been a godaddy sale because they do not have that option so this was a win sale to begin with.

2. The new owner defaulted in the fourth month, probably because their project did not take off or they ran out of funds. The lease to own option gave them an out to recoup at least a portion of their funds.

3. For me it looked like this, all in USD



Sale 25k plus a 10% fee for the year financing = $27,500

Divide that into 12 payments = $2,291 per month

Deduct 9-10% commission = $2061

I got 3 full months of rent = $2061 x3 = $6,183

Now I have my domain back and $6 I did not have before, all in all a pretty sweet deal for me.