Early purchase option
If a customer wanted to take ownership of an item before 12 months and save on the lease-to-own cost but cannot do so within the first 90 days (or 3 months in California), they can always take advantage of the early purchase option.
The early purchase option allows them to take ownership of the mattress early at any time before 12-months for a reduced lease-to-own cost.
The early purchase lease-to-own total is calculated using a formula specific to the state in which the customer lives. The amount of the early purchase varies, but the customer will pay a portion of the remaining 12-month lease-to-own total. In other words, the early purchase amount will change after every recurring payment. The sooner the customer takes advantage of the early purchase the less they will pay.
The benefits to the early purchase option are:
When discussing purchase options with customers, be transparent about all of the options we provide and the benefits offered by each one. Then allow the customer to decide which option is best for them.
Remember, the customer is automatically enrolled in a standard 12-month lease-to-own agreement.
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