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Cost of Ownership

Cost of Ownership

With Katapult, the power to save is in your hands.  Katapult offers early payoff options to keep more money in your wallet.  The sooner you payoff the more you save.

If life gets in the way and an early buyout is not an option for you right now, that’s okay, with Katapult you can continue to lease and make payments on a schedule that is convenient for you.  Now thats power.

Take a look at the examples below to see what your cost of ownership would be for the full term of your lease.

Payment Examples

$300 Lease

$5000

Per Month
  • Initial payment: $45
  • Total if paid within 90 days: $360
  • Payoff your lease anytime to own your products.
  • The sooner you payoff the more you save.

$700 Lease

$11667

Per Month
  • Initial payment: $45
  • Total if paid within 90 days: $780
  • Payoff your lease anytime to own your products.
  • The sooner you pay off the more you save.

$1200 Lease

$20000

Per Month
  • Initial payment: $45
  • Total if paid within 90 days: $1305
  • Payoff your lease anytime to own your products.
  • The sooner you pay off the more you save.

Pricing may vary by state and does not include sales tax. CA residents pay only the cash price if paid off within 3 months. Weekly, bi-weekly and semi-monthly payment schedules also available.

Placing the purchasing power back in your hands

Giving you the purchasing power you deserve. With Katapult, you’re immediately approved for what you want to purchase today, whether online or in-store. With an innovative streamlined and simple two-step process, purchasing-power is put back in your pocket. No more hassles with proof of banking, employment or references. Simply apply, shop and then check out!

Together, we can achieve your goals. Tomorrow can, should, and will be better. With Katapult, you no longer have to put off those purchases you need to keep your life going, or the things that just make life better.

Lease to own means that you make recurring payments for the use of the products you have selected.

Customers are entering into an agreement to lease the product, with an option to own, by exercising an Early Purchase Option or making all lease payments scheduled in the lease to own agreement. The agreement is not a credit transaction. Lease payments do not include an interest rate or APR and these will not be used to calculate the lease amount.

We consider the following four factors when calculating the lease payment.

  1. The cash price of the product
  2. The state in which the customer resides
  3. The maximum term a customer can lease the product
  4. The state/city sales tax rate

The lease agreement outlines the maximum number of times a lease can be renewed before the customer automatically obtains ownership.

Together, we can achieve your goals. Tomorrow can, should, and will be better. With Katapult, you no longer have to put off those purchases you need to keep your life going, or the things that just make life better.

If you have any questions regarding your Katapult lease, please use the Live Chat text box on the bottom of your screen. We are here to help you through this process and want to help you beat the price tag!

FAQ

Read FAQ’s & related Articles in our knowledge center.