Sometimes bad things happen to good people, and banks have tightened up lending sometimes making it difficult to get scooter financing. Lease-to-own financing is ideal for customers who may not qualify for conventional financing and Boca Scooters’ lease-to-own program partner, Nextep Funding, helps customers determine the date and amount of their monthly payments. This helps with the flexibility to get the scooter they want, when they want it.
Applying for our lease-to-own program is free, quick and easy!
How easy is it to apply?
Our online application (you will be directed to Nextep’s secure site) requires only basic personal information, and you will have a decision emailed to you in 30 seconds on average.
How much will I be approved for?
Depending on your credit, you can be approved up to $5000.
Do I need to use all of the credit I’m given?
No, you can use from $500 up to the full amount of credit you were approved for.
What is the interest rate?
Leases are not the same as loans and do not have an interest rate. When you are approved, we will review the terms to help you understand the monthly payments, length of term, residual value and total of payments.
What is a residual value?
The purchase price at the end of the lease if someone wishes to keep the property. It is usually very close to the same amount as the monthly lease payment.
What is a disposition fee?
A final fee payable at the end of the lease if the lessee does not purchase the scooter.
How long is the lease period?
It varies between 12 and 24 months depending on the amount financed.
What’s the difference between a lease and a loan?
A loan is the borrowing of money while a lease is a term rental agreement for the use of specific property.
Am I locked into the full length of the term?
No. You can buy out of the lease agreement at any time. The earlier you buy out, the more you save.
Can I make extra payments?
No, since this is a lease agreement, we cannot accept extra payments. Our Early Buyout Option is a great way to save money.
What information do I need to apply?
- Your Address
- Phone Number
- Social Security Number
- A Family Referral
- Email Address
- Drivers License Number
- Gross Monthly Income
How often are payments due?
Payments are due on the date you specify once a month.
What information will I need to bring with me to Boca Scooters?
We will need to see a valid government issued photo ID (drivers license or passport). We will also need your bank account number and routing number to complete the contract.
Can I mail in a check?
We only accept ACH Payments. ACH stands for Automated Clearing House, otherwise known as automatic withdrawals. ACH payments take away the worries of remembering to send in a check every month.
What about the title?
Nextep Funding holds the title during the lease. Upon completion of your monthly payments and the final residual payment, Nextep will send the title to you to complete your purchase!
Start Your Secure Application Here!