Special Payment Terms

The 7 X $100 Program

This program is a great selling tool for special promotions and vendor programs. The selling point is simple - the customer pays a $100.00 security deposit at the start of the lease, then the first 6 monthly payments are $100.00 each. The remaining 30, 42, or 54 payments are at the determined rate factor.

60 Day Deferred Plan

This program offers the customer the opportunity to get into the equipment for only one payment up front as a security deposit, then no billing for 60 days after the lease funding. This program works well for companies acquiring equipment that takes a couple of months to start generating receivables.

90 Day Deferred Plan

This program can be extremely helpful to customers that need to really stretch out the payments early on in the lease. The customer pays one payment as a security deposit to start the lease, then pays only $25.00 per month for the next 3 months. This really stretches one payment over a 4-month period before the customer starts making full payments.

Seasonal Payment Plan

This plan allows the customer to designate 3 consecutive months during which they make no payment. Commonly referred to as a "Skip Payment" program, it is very effective and helpful for businesses that experience predictably slow cash flow cycles. Many contractors take advantage of this program to avoid payments during the winter months. Another example would be recreational type businesses that may be closed 3 months per year.

Call (800) 365-8483 for more information