Q: What are the requirements to apply through BDS?
A: In order to apply, you must:
* Be 18 years of age or older
* Have a steady income of at least $1,000 per month
* Have an active checking account
* Have a valid email address/phone number
Note: Meeting these application requirements does not guarantee approval.
Q: Am I leasing the merchandise/repairs from my local dealer?
A: No, you are leasing the merchandise/repairs through BDS.
Q: Who will install my merchandise or repair my vehicle?
A: BDS will sublet all installation and repairs to your local dealer.
Q: Who will warranty my tires or repairs?
A: All warranty concerns are handled by your local dealer.
Q: Can I use the BDS Program along with another finance source to pay for my purchase/repairs?
A: No, you can not use two finance contracts for one purchase/repair.
Q: Is the BDS Program a loan?
A: All BDS Banks' contracts are Lease To Own.
Q: Is there an interest rate on the lease?
A: No, you pay a rental fee.
Q: Can I still be approved if I have bad credit?
A: Yes! All BDS Banks use a proprietary approval process that gives you the best chance of being approved. They specialize in financing those who have bad credit, no credit, bankruptcy, or other challenges with their credit.
Q: What’s a lease-purchase?
A: A lease-purchase is a form of lease where you rent the merchandise through one of BDS' banks for a designated period, usually 12 months, after which you gain ownership of the merchandise. You may also pay off the lease and gain ownership at any time through our 90 Day early purchase options.
Q: If I sign a lease-purchase agreement, how much do I have to pay today?
A: There may be a processing fee or initial payment due the day you complete your transaction.
This amount varies. Check your BDS Disclosure/Invoice and your lease agreement for specifics.
Q: Do any BDS Banks charge interest on a lease-purchase agreement?
A: No, BDS Banks do not charge interest on a lease-purchase agreement. However, there is still a cost of lease in addition to the BDS Merchant Fee. The amount of this cost varies by customer and residential state, and it will be detailed in your agreement and disclosures. Be sure to read and understand your disclosures before you sign, and understand the important dates, amounts, and terms unique to your agreement.