CF-Lease Purchase Program Increasing Sales with a Financing Option - - PowerPoint PPT Presentation

▶
cf lease purchase program increasing sales with a
SMART_READER_LITE
LIVE PREVIEW

CF-Lease Purchase Program Increasing Sales with a Financing Option - - PowerPoint PPT Presentation

May 30, 2023 245 likes •463 views

CF-Lease Purchase Program Increasing Sales with a Financing Option CF Product Offering CF provides a financial solution for independent retail partner stores by offering an in-store credit alternative Low bi-weekly payments (first

slide-1
SLIDE 1

CF-Lease Purchase Program Increasing Sales with a Financing Option

slide-2
SLIDE 2
  • CF provides a financial solution for independent retail partner stores by offering an

in-store credit alternative

  • Low bi-weekly payments (first payment due at time of sale)
  • Lease Purchase Option up to 36 months (40 in some cases)
  • Offers consumer installment credit in the form of leases for amounts ranging from

$200 to $6,000

  • Typically customer are individuals with a medium credit scores ranging from

approximately 555 to 700

  • Allows consumers to apply On-line, through mobile device or phone application and

generally takes about 15 minutes to complete (no shopping cart integration required)

  • Consumer owns merchandise at conclusion of lease (no buyout required)
  • All merchandise accepted except (tires, power sports, cell phones)

CF Product Offering

slide-3
SLIDE 3
  • Fully automated software, API Integration & Modules
  • Plug and play module to incorporate product and check out

processing

  • Displays bi-weekly pricing payment at product level
  • Comprehensive program details listed directly on the application link

Our system integrates with multiple e-commerce platforms and displays payment and program details

Magento Shopify WooCommerce BigCommerce

slide-4
SLIDE 4

CF Options – Cloud Based (no integration required)

4

Featured Product Page Product Specific Page

slide-5
SLIDE 5

5

Customer online, browse product page and clicks CF payment option Customer completes

  • nline application

CF determines eligibility for financing Once approved, CF notifies customer of approval amount Customer notifies CF

  • f product selection

CF sends electronic agreement to customer CF places online

  • rder on customers

behalf CF issues payment directly to merchant Merchant fulfills customer order

Online purchase process using a cloud- based application

Merchant Responsibility CF Responsibility

slide-6
SLIDE 6

6

CF Options – Fully Integrated

Product Page Shopping Cart

slide-7
SLIDE 7

7

Customer online, browse product page and clicks CF payment option Customer completes

  • nline application

CF determines eligibility for financing CF provides customer with approved amount and approval code Customer completes product selection and inserts approval code at shopping cart Electronic agreement generated and sent to customer for signature Once signed, new

  • rder appears in

merchant fulfillment systems CF issues payment directly to merchant Merchant fulfills customer order

Online purchase process using a fully- integrated application

Merchant Responsibility CF Responsibility

slide-8
SLIDE 8

Customer completes CF application from in store link CF determines Customer eligibility Once approved, CF notifies customer and merchant of maximum approval amount Merchant sends CF itemized invoice, including taxes CF sends electronic agreement to customer CF sends Purchase Agreement to merchant CF issues payment directly to merchant Merchant fulfills customer order

Linked Based Application – In-Store Purchase

Merchant Responsibility CF Responsibility

slide-9
SLIDE 9

9

The Financing Program Benefits Both Merchants and Consumers with Simple Qualification Requirements

Merchant Benefits

  • Financing up to $6,000
  • Zero transaction cost with

ACH or check payment

  • Approval for maximum

amounts

  • Marketing materials

provided

  • Easy approval/Easy sell

Consumer Benefits

  • Affordable Payments
  • Purchase multiple

products with one payment

  • 30 or 60 day same as cash
  • Early payoff discounts
  • No pre-payment penalties
  • Skip-a-payment option
  • Consumer owns

merchandise at conclusion

Qualifications

  • 1 year current

employment

  • Net monthly income of

$1,300

  • Checking account for 3

months

  • 555 FICO score
slide-10
SLIDE 10

10

  • Customer completes CF online application
  • CF calls customer within 5-10 minutes
  • 1st call components
  • CF will provide Express Approval, Pre-approval or Decline notification and

send customer a link to electronic document verification site.

  • 2nd call components
  • Within 2-3 minutes after receipt of EDV link, second call placed to customer

with Fully Approved notification

  • Once Fully Approved, CF sends agreement to customer for execution

Customer Application Process

slide-11
SLIDE 11

11

“A” Credit Customers

  • Do not want to put charges on

credit card or pay cash now

  • Early payoff ability without

penalties

  • Discounts for early payoff
  • “Bridge loan” ability until full

payment can be completed

  • Predictable monthly payment

Solving Customers Purchase Decision

“B” Credit Customers

  • Provided financing vehicle to

purchase product now

  • Early payoff ability without

penalties

  • Discounts for early payoff
  • “Bridge loan” ability until full

payment can be completed

  • Predictable monthly payment
slide-12
SLIDE 12

12

CF Customer Payment ALPS Program- Furniture Stores (Lower Total Payout)

Specialty Payment Program

Product Amount Bi-Weekly Payment Amount # Months $200 $26 14 6 $500 43 20 9 $750 49 27 12 $1000 53 33 15 $1250 55 40 18 $1500 66 40 18 $1750 69 44 20 $2000 75 47 22 $2250 79 50 23 $2500 85 52 24 $2750 90 54 25 $3000 94 57 26 $3250 96 59 27 $3500 98 63 29 $3750 102 65 30 $4000 105 67 31 $4250 112 67 31 $4500 118 67 31 $4750 124 67 31 $5000 131 67 31 $5250 136 68 31 $5500 138 70 32 $5750 142 71 33 $6000 144 73 34

slide-13
SLIDE 13

13

CF Customer Payment Standard Program

Standard Payment Program

Product Amount Bi-Weekly Payment Amount # Months $200 $15 27 12 500 $27 39 18 750 $39 39 18 1000 $43 52 24 1250 $49 52 24 1500 $54 61 28 1750 $56 65 30 2000 $59 74 34 2250 $66 34 34 2500 $71 78 36 2750 $77 82 38 3000 $83 87 40 3250 $96 59 27 3500 $98 63 29 3750 $102 65 30 4000 $105 67 31 4250 $112 67 31 4500 $118 67 31 4750 $124 67 31 5000 $131 67 31 5250 $136 67 31 5500 $138 70 32 5750 $142 71 33 6000 $144 73 34

slide-14
SLIDE 14

14

CF ALSP Pricing Matrix- Furniture Stores

Product Amount CF Monthly Payment Progressive Monthly Payment SNAP Monthly payment Payment Variance

  • Progressive

Payment Variance

  • SNAP

% Variance- Progressive % Variance - SNAP $200.00 $52.00 NA 60 NA NA NA NA $500.00 $66.00 $83.00 $70.00 $17 $4 25.76% 6.06% $750.00 $98.00 $125.00 $110.00 $27 $12 27.55% 12.24% $1,000.00 $106.00 $166.00 $157.00 $60 $51 56.60% 48.11% $1,250.00 $110.00 $208.00 $190.00 $98 $80 89.09% 72.73% $1,500.00 $132.00 $250.00 $225.00 $118 $93 89.39% 70.45% $1,750.00 $138.00 $280.00 $245.00 $142 $107 102.90% 77.54% $2,000.00 $150.00 $333.00 $300.00 $183 $150 122.00% 100.00% $2,250.00 $158.00 $375.00 $340.00 $217 $182 137.34% 115.19% $2,500.00 $170.00 $416.00 $375.00 $246 $205 144.71% 120.59% $2,750.00 $180.00 NA NA NA NA NA NA $3,000.00 $188.00 NA NA NA NA NA NA $3,250.00 $192.00 NA NA NA NA NA NA $3,500.00 $196.00 NA NA NA NA NA NA $3,750.00 $104.00 NA NA NA NA NA NA $4,000.00 $110.00 NA NA NA NA NA NA $4,250.00 $124.00 NA NA NA NA NA NA $4,500.00 $236.00 NA NA NA NA NA NA $4,750.00 $248.00 NA NA NA NA NA NA $5,000.00 $162.00 NA NA NA NA NA NA $5,250.00 $272.00 NA NA NA NA NA NA $5,500.00 $276.00 NA NA NA NA NA NA $5,750.00 $284.00 NA NA NA NA NA NA $6,000.00 $288.00 NA NA NA NA NA NA

CF Offers a Competitive Payment Structure

Lower Payments and Payouts Than Competitor Programs

slide-15
SLIDE 15

15

CF Standard Pricing

Product Amount CF Monthly Payment Progressive Monthly Payment SNAP Monthly payment Payment Variance - Progressive Payment Variance - SNAP % Variance- Progressive % Variance - SNAP $200.00 $30.00 NA 60 NA NA NA NA $500.00 $52.00 $83.00 $70.00 $31 $18 59.62% 34.62% $750.00 $78.00 $125.00 $110.00 $47 $32 60.26% 41.03% $1,000.00 $86.00 $166.00 $157.00 $80 $71 93.02% 82.56% $1,250.00 $98.00 $208.00 $190.00 $110 $92 112.24% 93.88% $1,500.00 $108.00 $250.00 $225.00 $142 $117 131.48% 108.33% $1,750.00 $112.00 $280.00 $245.00 $168 $133 150.00% 118.75% $2,000.00 $118.00 $333.00 $300.00 $215 $182 182.20% 154.24% $2,250.00 $132.00 $375.00 $340.00 $243 $208 184.09% 157.58% $2,500.00 $142.00 $416.00 $375.00 $274 $233 192.96% 164.08% $2,750.00 $154.00 NA NA NA NA NA NA $3,000.00 $166.00 NA NA NA NA NA NA $3,250.00 $192.00 NA NA NA NA NA NA $3,500.00 $196.00 NA NA NA NA NA NA $3,750.00 $204.00 NA NA NA NA NA NA $4,000.00 $210.00 NA NA NA NA NA NA $4,250.00 $224.00 NA NA NA NA NA NA $4,500.00 $236.00 NA NA NA NA NA NA $4,750.00 $248.00 NA NA NA NA NA NA $5,000.00 $262.00 NA NA NA NA NA NA $5,250.00 $272.00 NA NA NA NA NA NA $5,500.00 $276.00 NA NA NA NA NA NA $5,750.00 $284.00 NA NA NA NA NA NA $6,000.00 $288.00 NA NA NA NA NA NA

CF Offers a Competitive Payment Structure

Lower Payments and Payouts Than Competitor Programs

slide-16
SLIDE 16

16

Customer Early Payoff Estimates – ALPS Specialty Program

Lease Amount Term of Lease in Months 60 Day Same As Cash Total cost If paid

  • ff 1/4 way

through lease Total cost if paid off 1/2 through lease Total cost if paid

  • ff 3/4 way

through lease Total cost if paid off at end

  • f lease

$2,000 22 Gross $2,000 $2,550 $3,075 $3,375 $3,525 Net $0 $550 $1,075 $1,375 $1,525 $3,000 26 Gross $3,000 $3,854 $4,700 $5,170 $5,358 Net $0 $854 $1,700 $2,170 $2,358 $4,000 31 Gross $4,000 $5,145 $6,090 $6,825 $7,035 Net $0 $1,145 $2,090 $2,825 $3,035 $5,000 31 Gross $5,000 $6,419 $7,729 $8,515 $8,777 Net $0 $1,419 $2,729 $3,515 $3,777

slide-17
SLIDE 17

Early Payoff Comparison – ALPS Program

Application Fee 60 Day Same As Cash 4 Months Customer Cost 8 Months Customer Cost 12 Months Customer Cost Product Cos t Communit y Finance Progressive Community Finance Progressiv e Cost Difference Community Finance Progressiv e Cost Difference Communit y Finance Progressive Cost Difference Communit y Finance Progressiv e Cost Difference $2,000 Gross $0 $40 $2,000 $2,040 $40 $2,400 $3,225 $825 $2,850 $3,709 $859 $3,150 $4,194 $1,044 Net $0 $40 $40 $400 $1,225 $825 $850 $1,709 $859 $1,150 $2,194 $1,044 $2,250 Gross $0 $40 $2,250 $2,290 $40 $2,686 $3,623 $937 $3,081 $4,168 $1,087 $3,476 $4,713 $1,237 Net $0 $40 $40 $436 $1,373 $937 $831 $1,918 $1,087 $1,226 $2,463 $1,237 $2,500 Gross $0 $40 $2,500 $2,540 $40 $2,975 $4,021 $1,046 $3,400 $4,627 $1,227 $3,825 $5,232 $1,407 Net $0 $40 $40 $475 $1,521 $1,046 $900 $2,127 $1,227 $1,325 $2,732 $1,407

Application Fee 60 Day Same As Cash 4 Months Customer Cost 8 Months Customer Cost 12 Months Customer Cost

Product Cost CF Progressive CF Progressive Cost Difference CF Progressive Cost Difference CF Progressive Cost Difference CF Progressive Cost Difference $2,000 Gross $0 $40 $2,000 $2,040 $40 $2,400 $3,225 $825 $2,850 $3,709 $859 $3,150 $4,194 $1,044 Net $0 $40 $40 $400 $1,225 $825 $850 $1,709 $859 $1,150 $2,194 $1,044 $2,250 Gross $0 $40 $2,250 $2,290 $40 $2,686 $3,623 $937 $3,081 $4,168 $1,087 $3,476 $4,713 $1,237 Net $0 $40 $40 $436 $1,373 $937 $831 $1,918 $1,087 $1,226 $2,463 $1,237 $2,500 Gross $0 $40 $2,500 $2,540 $40 $2,975 $4,021 $1,046 $3,400 $4,627 $1,227 $3,825 $5,232 $1,407 Net $0 $40 $40 $475 $1,521 $1,046 $900 $2,127 $1,227 $1,325 $2,732 $1,407

Lower Payouts Than Competitor Programs When Paid Off Early

slide-18
SLIDE 18

Customer Application Training

C o ntinue

slide-19
SLIDE 19

19

  • Merchant document requirements
  • Partnership Agreement
  • Void check (if applicable)
  • IT Questionnaire (if fully integrating through shopping cart only)
  • Application type (online, in-store, dual)
  • inside/outside pictures (if brick and mortar)
  • Proof of business
  • Photo id of owner

Merchant Requirements

slide-20
SLIDE 20

20

T: 866-343-5268 info@flexxbuy.com www.Flexxbuy.com

Contact Us