We are proud to announce that we have partnered with Affirm to offer Financing options to our customers. This provides a fantastic option to preserve your existing capital and lines of credit, while getting the products you need. TimePayment is an award winning provider of consumer & commercial equipment financing.
How it Works
Step 1: Select the item(s) that you're interested in purchasing from us with financing by Affirm, add them to your shopping cart.
Step 2: Check out with your selected items using the 'Finance This Purchase' payment method.
Step 3: Check your email. You will receive an email with instructions
Step 4: Purchases under $10,000 will receive an instant credit decision. When you get approved, a member of our Underwriting Department will call you to discuss the different monthly payment options that are available to you.
Step 5: After deciding which option is the best fit for you, we will generate the lease documents and email them to you. You can sign them electronically and email them back to us OR you can print them out and sign them, then fax them back to TimePayment directly.
Step 6: Once we have received your signed lease agreement, the item you ordered will be produced and shipped to you. TimePayment will call to verify that you have received your item.
Q: Should I apply for financing if I have bad credit?
A: Yes, Affirm has programs for all ranges of personal credit
Q: What is the difference between a lease and a loan?
A: Leasing your item with Affirm may be an affordable alternative to a loan.
Many lending institutions have very strict requirements businesses must meet before the bank will extend a loan or line of credit. Bank loans usually require a significant down payment that can range between 10% - 20% of the equipment cost.
With a Affirm lease our standard program only requires one advance payment and the documentation fee prior to the start of the lease. Affirm is able to offer financing to more people that have yet to establish a strong credit history or have a compromised credit history through our innovative, multilevel financing products.
Q: What happens at the end of my lease?
A: The lease to own agreement is structured so that you make equal monthly payments over a pre-defined term, with 3 payments due at the end of the term of your lease to complete your purchase. For example, a 36 month lease will be structured as 33 monthly payments, with 3 payments due at the end of the lease term to purchase your item.
Q: Can I cancel my lease?
A: Your Lease Agreement is non-cancelable. As the Lessee, you are responsible for all of the lease payments.
If you wish to pay your balance in full to put an end to your monthly payments, you can buyout the lease early with no penalty.
Q: What should I do if my application is declined?
A: Your application was not approved because you did not meet the minimum credit guidelines based on the information provided to us during the application process. You may simply need to submit additional documentation to Affirm for your application to be approved, or you may have the option of adding an additional Personal Guarantor or a cosigner. Please consult your underwriter for further options
Q: Is there a penalty for early payoff?
A: No, you can pay off the balance of your lease at any time during the term of your lease agreement
Q: How quickly will I receive a credit decision?
A: Typically customers seeking to finance less than $10,000 will receive a credit decision instantly after submitting your application, or via email confirmation within 2 minutes. For transactions above $10,000 you will receive a decision within 4 hours.