To compute a ball park monthly payment, simply multiply the cash sale price by the appropriate funding factor for the term desired.
This is an estimate and is helpful in gauging your customer’s interest in the concept of financing the sign. Firm figures can be obtained after the credit application has been processed.
As you review the pricing matrix you can see how important in getting the proper credit score is. Monthly payments can vary hundreds of dollars depending on credit worthiness.
ESTIMATE MONTHLY PAYMENTS
Example: What is a 60 month lease payment with good credit for a $25,000 sign?
Top tier credits may qualify for a $1.00 buy-out at the end of the lease.
Otherwise there is a 10% Fair Market Value (FMV) buy-out at the end of the lease.
$5,000 and under
Lease to Own
Eight Month Business Loan
OTHER PROGRAMS AVAILABLE:
.0245 X $25,000.00 = $612.50 per month