In-House Financing Plan Overview

1. Initial Deposit

  • Customers are required to pay 50% of the total project cost.

  • This deposit is due upon contract signing or project commencement (depending on project type).

  • The remaining balance will be financed under the terms below.

2. Financing Structure

  • Financing is offered as a short-term in-house option for customers who cannot pay the full balance at once.

  • The financing term is 4 months interest-free (0% APR).

  • After the initial 4 months, any unpaid balance will begin accruing interest.

3. Monthly Payment Schedule

  • Monthly billing cycles begin 30 days after project completion.

  • Payments are due on the same day each month (e.g., the 1st or 15th) unless otherwise stated.

  • Example payment schedule (assuming $4,000 balance financed after 50% deposit):

    • Month 1: $1,000

    • Month 2: $1,000

    • Month 3: $1,000

    • Month 4: $1,000

    • (If unpaid after Month 4, interest begins on the remaining balance).

4. Interest & Variable APR

  • 0% APR for the first 4 months of the repayment term.

  • After the introductory period, any unpaid balance will be subject to interest rates ranging from 15%–28% APR, based on current variable market rates.

  • Interest will be calculated on the remaining principal balance.

5. Loss of Introductory APR (Default Clause)

  • Customers must make all required minimum payments on time.

  • If a payment is missed, late, or returned, the 0% APR introductory offer will be terminated immediately.

  • Upon default, the default APR of 28% will apply to the outstanding balance from the date of default.

6. Late Fees & Penalties

  • A late payment fee of $35 or 5% of the missed payment (whichever is greater) will be added to the account.

  • Repeated late payments may result in suspension of financing privileges and referral to collections.

7. Prepayment

  • Customers may pay off their balance early without penalty.

  • Prepayment reduces the principal and any applicable interest charges.

8. Documentation & Agreement

  • Customers must sign a Financing Agreement outlining:

    • Project cost, deposit, and balance due.

    • Monthly payment amount and due dates.

    • Interest terms and default conditions.

    • Late fees and penalties.

  • The agreement will also include a clause allowing your Coast 2 Coast Tile to suspend work or withhold warranties until payment obligations are met.

Reach out today for a more in-depth consultation