BUY NOW - PAY LATER FINANCING OPTIONS

HOW DOES IT WORK?

Affirm and Klarna offer payment options based on factors such as customer credit, prior account history, and repair order amount. When paying with Affirm or Klarna, customers are redirected to Affirm or Klarna's website from the invoice, where they authorize the payment by agreeing to the terms of a payment plan before completing their purchase.

AFFIRM PRE-QUALIFY FLOW IN THE ESTIMATE

Customers can go through the pre-qualify flow within their estimate link. If a customer's estimate is greater than $250, Affirm messaging will be displayed in the Estimate, where the customer will go through the pre-qualify flow prior to approving services on their vehicle. This will be valuable for customers who can not afford all the work recommended, but if Affirm pre-approves them, they can then approve all services you recommend on their vehicle, since the financing option is displayed within the estimate.

PAYMENT OPTIONS

Affirm and Klarna offer slightly different payment options depending on the repair order amount as well as the customer's financial profile via Affirm or Klarna (payment option availability and eligibility may vary).

AFFIRM

• Pay in 4 - Customers pay for purchases in four or fewer interest-free, bi-weekly payments over an 8 week term.
• Monthly Installments - Customers pay for purchases over a longer term of up to 36 months, which might include interest.

KLARNA

• Pay in 3 or 4 - also known as Installments, customers pay for the purchase in three or four interest-free payments.
• Monthly installments - Also known as Financing, customers pay for the purchase over a longer term of up to 36 months, which might include interest.
• Pay later - Customers pay for the purchase in a single payment in 30 days.
• Pay now - Customers pay for the purchase immediately using a linked card, bank debit, or bank transfer.

SOFT CREDIT CHECK

For "Pay in 4", "Pay Later", and other 0% APR plans, there is no credit check performed or reported. However, Affirm (learn more) and Klarna (learn more) will perform a soft credit check on your customers for some financing options such as "Monthly Installments" (if applicable).