WE HAVE PAYMENT SOLUTIONS FOR EVERYONE€¦ · WE HAVE PAYMENT SOLUTIONS FOR EVERYONE Terri Hayes...

2580 Anthem Village Drive, Suite B | Henderson, NV | 89052 | 888-464-5256

Terri Hayes 888-464-6256 x [email protected]

Alex Hayes 888-464-6256 x [email protected]

Bob Zinn 954-522-3773

[email protected]

John Papadopoulos 954-636-8571

[email protected]

PERSONAL COMMERCIAL MUNICIPAL

WE HAVE PAYMENT SOLUTIONS FOR EVERYONE

MORE APPROVALS!

Commercial/Municipal LeadersPersonal/Small Business Leaders

At Mower Finance, sorting out the complex world of financing solutions is at the core of what we do. Our lender network serves the full spectrum of customers with multiple programs designed with various needs in mind. We are comitted to making the search for fair financing hassle-free for EVERYONE.





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PERSONAL FINANCINGTRANSACTIONS FROM $200-$15,000

With a purchase amount in mind, the customer fills out the Terrace Finance online application through their preferred dealer or at MowerFinance.com

Based on credit score and needs, the Terrace Finance lender waterfall works quickly to pre-approve the customer and match them with a lender. When presented with the lender match, the customer is asked to consent to a credit pull if necessary to confirm eligibility.

Once the customer accepts the official offer from the lender, Mower Finance helps finalize the deal by matching the customer with a dealer (if necessary) and prompting the dealer to submit an invoice for the total. When notification of funding is received from the lender, the dealer can release the goods!

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Mower Finance offers payment solutions for consumers through multiple lenders to better serve a wide audience. Applications are automatically routed to the program and lender that best match the customer’s needs and the lender’s criteria.

LOW PAYMENTS LEASE NO CREDIT NEEDED LEASE

SAME DAY

DEC

ISIONS

INSTA

NT DEC

ISIONSOur Basic Programs

HIGHER D

OLLAR AMOUNT

NO CREDIT

NEEDED

SKIP-A-P

AYMEN

T OPTIO

N

BUNDLE M

ULTIPLE

ITEM

S

NEW BUSIN

ESSES

EARLY

PAYO

FF O

PTIONS

$1 D

OLLAR D

OWN

30 D

AYS SAME A

S CASH

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Low Payments Lease ProgramTRANSACTIONS FROM $200-$15,000

Own the equipment and accessories you need with a term length structured to keep payments low. Own it sooner with no penalty for early payoff.

LOW PAYMENTS LEASE- SAMPLE PAYMENTSTRANSACTION

AMOUNT1ST IN-STORE

PAYMENTPAYMENT EVERY

2 WEEKSNUMBER OF MONTHS*

$500 $1 $29 19

$2,500 $1 $75 39

$5,000 $1 $136 32

$10,000 $1 $205 44

$1 DOWN TO TAKE HOME EQUIPMENT

SKIP-A-PAYMENT OPTION

30 DAYS SAME AS CASH

NO PENALTY FOR EARLY PAYOFF

General Requirements• Monthly net income of $1200 or more• Electronic payment method• 18 or older

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No Credit Needed Lease ProgramTRANSACTIONS FROM $200-$5,000

Own the equipment and accessories you need through a program that does not use credit score to make the decision. Select the payment frequency that best matches the rhythm of your income.

INSTANT APPROVAL EARLY BUY-OUT OPTIONS

SHORT LEASE TERM OF 5-11 MONTHS

WEEKLY, BI-WEEKLY, OR MONTHLY PAYMENTS

NO CREDIT NEEDED LEASE- SAMPLE PAYMENTSTRANSACTION

AMOUNT1ST IN-STORE

PAYMENTWEEKLY

PAYMENTSNUMBER

OF WEEKLY PAYMENTS

5-MONTH MINIMUM TERM

BUYOUT

TOTAL COST TO OWN AT

5-MONTH LEASE TERM

$500 $22.50 $22.50 19 $297.50 $725

OWN IT SOONER WITH EARLY PURCHASE OPTIONS

30 DAYS 60 DAYS 90 DAYS

$525(+5% OVER CASH PRICE)



† This is a lease transaction. The lease has a 5-month minimum term [“Initial Term”] and expires after 11 months [“Expiration Date”]. Must be at least 18 years old and income requirements apply. Excludes non-durable goods. No security deposit required. Lease requires consumer to make first payment at lease signing, plus 19 weekly lease payments, 9 biweekly lease payments or 4 monthly lease payments. After fulfilling the Initial Term and before the Expiration Date, you may: (1) continue to lease by making periodic payments in accordance with the terms of the lease agreement [“Option 1”]; (2) exercise a purchase option per the terms of the lease agreement (not available in NJ, VT, WI, or WV) [“Option 2”]; or (3) return the leased items to LENDER[“Option 3”]. Upon the Expiration Date of the lease, you must exercise either Option 2 or Option 3 within forty five (45) business days of the Expiration Date. ‡Purchase options (not available in NJ, VT, WI, or WV) are available within 30, 60, or 90 days of lease origination date for cash price plus 5%, 8%, or 10%, respectively, less amounts paid (excluding fees) and plus applicable taxes.

General Requirements• Annual gross income of $12,000 or more• Electronic payment method• 18 or older

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Bob Zinn 954-522-3773

[email protected]


[email protected]

COMMERCIAL FINANCINGTRANSACTIONS FROM $5,000 to $250,000

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At Mower Finance, sorting out the complex world of financing solutions is at the core of what we do. Our commercial team has expertise in the specialized world of commercial lending and will work with you to match you with a lender and program that meet your needs.

Because Mower Finance is not a lender but represents 19 lenders and counting, we are able to offer a wide range of programs and serve the full credit spectrum. Use the chart below as a guide to determine your priorities.

Variations of these programs may be available to meet your unique needs. Speak with a representative for a personalized assessment.

SAME DAY

DEC

ISIONS

REDUCED

PAYM

ENTS

SEASONAL P

AYMEN

TS

HIGH DOLL

AR AMOUNT

NEW BUSIN

ESSES

ELIGIBLE

DEFER

RED PA

YMEN

TS

BUNDLE M

ULTIPLE

ITEM

SOur Basic Programs

FLEET LEASE PROGRAM 10% RESIDUAL PROGRAM $1 BUY-OUT PROGRAM 9 MONTH/3 MONTH PROGRAM START UP PROGRAM 90 DAY DEFERRED PROGRAM 6 M DEFERRED PROGRAM

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How The Mower Finance Platform Works

Step One: Apply Online (2 minutes)

In order to speed the approval process, all applications must be entered online. MowerFinance.com does not accept fax or email scanned applications. Our simplified online application only takes 2 minutes to fill out!

Step Two: Credit Approval (2 Hours)

MowerFinance processes your application and issues a credit decision (usually within 2 hours) by email.

Step Three: Electronic Documents and Electronic Signature (1 Hour)

Mower Finance utilizes edocs allowing customers to sign documents electronically. No checks are needed to close as the lender will electronically credit the dealer’s bank account at closing time.

Step Four: Funding

All fundings are paid electronically to the dealer so the customer can take home the equipment today.

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Bob Zinn 954-522-3773

[email protected]


[email protected]


Bob Zinn 954-522-3773

[email protected]


[email protected]

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Fleet Lease ProgramTransactions of $5,000-$250,000

For the customer who would like the option of planned replacement, a Fair Market Value (FMV) lease may be the solution. Utilizing the residual value of the of the equipment at lease term allows for a lower monthly payment.

At the end of your lease you have 3 options:

1. Return your mower(s) and get brand new equipment through a similar program.2. Continue to use and lease your equipment at a reduced payment.3. Buy the equipment for the agreed residual amount.

Fleet Residual Value LeaseTerm 24 mo. 36 mo. 48 mo.

Fleet Residual Value 20% 15% 10%

Rate Factors** 0.038101 0.027981 0.022880

Sample Payment on $10,000 $381.01 $279.81 $228.8

Call a representative for a review of your unique situation.

*Rate factor may vary depending on credit and other criteria.

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Bob Zinn 954-522-3773

[email protected]


[email protected]

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10% Residual Lease ProgramTransactions of $5,000-$250,000

For the customer who would like the option of planned replacement, a Fair Market Value (FMV) lease may be the solution. Utilizing the residual value of the of the equipment at lease term allows for a lower monthly payment.

At the end of your lease you have 3 options:

1. Return your mower(s) and get brand new equipment through a similar program.2. Continue to use and lease your equipment at a reduced payment.3. Buy the equipment for the agreed residual amount.


10% Residual Value LeaseTerm 24 mo. 36 mo. 48 mo. 60 mo.

Residual Value 10% 10% 10% 10%

Rate Factors* 0.042130 0.029297 0.022880 0.019042

Sample Payment on $10,000 $421.30 $292.97 $228.80 $190.42


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Bob Zinn 954-522-3773

[email protected]


[email protected]

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$1 Buy-Out ProgramTransactions of $5,000-$250,000

For the customer who wants to own the equipment at the lease term, a $1 Buy-Out lease or finance agreement allows you to do that.

$1 Buy-Out ProgramTerm 24 mo. 36 mo. 48 mo. 60 mo.

Residual Value $1 $1 $1 $1

Rate Factors* 0.046124 0.031845 0.022880 0.019042




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Bob Zinn 954-522-3773

[email protected]


[email protected]

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9 Month/3 Month ProgramTransactions of $5,000 – $35,000

Ideal for seasonal businesses, this program has the advantage of reduced payments during your off-season. Make larger payments during your busy season when cash flow is higher.

At the end of the term, you own the equipment.

9 Month/3 Month ProgramTerm 24 mo. 36 mo. 48 mo. 60 mo.

Residual Value $1 $1 $1 $1

Rate Factors 0.058615 0.040330 0.032430 0.024607

Sample Payment on $10,000* $586.15 $403.30 $324.30 $246.07

Off-Season Payment $100 $100 $100 $100



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Bob Zinn 954-522-3773

[email protected]


[email protected]

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Start-up Program

It’s not always easy for new businesses to acquire the equipment they need to get started and grow. For businesses under 2 years old, Mower Finance has a lease solution start-ups can qualify for.


Transactions of $5,000 – $30,000

New Business Start-Up ProgramTerm 24 mo. 36 mo. 48 mo. 60 mo.

Rate Factor* 0.05067 0.03669 0.02982 0.02577


One Advance Payment $506.70 $369.90 $298.20 $257.70



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Bob Zinn 954-522-3773

[email protected]


[email protected]

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Delay full payments until cash flow is established! Sometimes you just need that little bit of extra time to get rolling.


90-Day Deferred ProgramTransactions of $5,000 to $150,000

General Qualifications• Tier 1 credit-worthy business• 2+ years in business• Bank statements required



START FULL PAYMENTS

PLACEHOLDER PAYMENTS

90-Day Deferred Program

24 Months 36 Months 48 Months 60 Months

Rate Factor .04933 0.03527 0.02831 0.02421

Payment on $10,000 $493.30 $352.67 $283.10 $242.10

First 3 Payments $100

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Bob Zinn 954-522-3773

[email protected]


[email protected]

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General Qualifications• Tier 1 credit-worthy business• 2+ years in business• Bank statements required

6 Month Deferred Program

60 Months

Rate Factor 0.02323

First Payment 2% of equipment cost

Next 5 Payments 1% of equipment cost


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6 Month Deferred/Step Program Transactions of $35,000 to $75,000

Sometimes you need a substantial amount of time to jump-start your cash flow. A deferral contract beyond 90 days is rare. This agreement doubles that!



START FULL PAYMENTS

PLACEHOLDER PAYMENTS

WE HAVE PAYMENT SOLUTIONS FOR EVERYONE€¦ · WE HAVE PAYMENT SOLUTIONS FOR EVERYONE Terri Hayes...

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