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Cost of Ownership


NO LATE FEES. EVER.

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. And Katapult will never charge you a late fee. Ever. Now that’s 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

$50

Per Month
  • Initial payment: $45
  • Total if paid within 90 days: $360
  • Pay off your lease anytime during your lease term.
  • The sooner you pay off the more you save.
  • Total full-term cost of ownership: $645

$700 Lease

$117

Per Month
  • Initial payment: $45
  • Total if paid within 90 days: $780
  • Pay off your lease anytime during your lease term.
  • The sooner you pay off the more you save.
  • Total full-term cost of ownership: $1445

$1200 Lease

$200

Per Month
  • Initial payment: $45
  • Total if paid within 90 days: $1305
  • Pay off your lease anytime during your lease term.
  • The sooner you pay off the more you save.
  • Total full-term cost of ownership: $2445

Pricing may vary by state and does not include sales tax. Estimates above are based on a 12-month term with a monthly payment schedule. Weekly, bi-weekly, and semi-monthly payment schedules are also available.

CA residents pay only the cash price if paid off within 3 months.

Pay off within 90 days for just 5% above the cash price plus the initial $45 payment. To exercise the 90-day early purchase option contact Katapult or visit the customer portal page by clicking here for the most up to date account information related to your lease-purchase agreement.

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

If you have any questions regarding your Katapult lease, please use the Live Chat text box on the bottom of your screen or visit the Links page. We are here to help you through this process.

FAQ

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