Guaranteed Financing Up to $25K.
A customer has a $10K building, a $400 payment, and a 48 mos contract. If they make all 48 payments, they will pay just over $20K for the building. So this building has a contract value of $20k
Let’s say that the same customer wants to pay 5 payments and pay it off. EZ PAY calculates early payoff based on original cost not contract value. Using this example the customers have paid $2000 in payments. $1000 remains with EZ PAY as the lease fees and another $1000 comes off the original $10K and that’s the payoff ( + any left over sales tax to be paid back to EZ Pay). This is unique to the industry and the most fair payoff for the customer. It has several resulting benefits for you.