Meineke Partners with Katapult to Expand Payment Plan Options for Customers

Meineke has partnered with Katapult, a financing tech company, to offer a lease-to-own payment plan option for customers who may not qualify for traditional credit financing, according to a press release.

Through the partnership, Katapult will be integrated into Meineke Payment Solutions, which offers financing options to customers for services they need done. Prior to Katapult, the platform was powered only through Premier Services Group and FormPiper.

The addition of Katapult’s lease-to-own format is aimed at being able to provide financing options for a wider range of customers–specifically those who may not qualify for traditional credit financing.

Having received endorsement from the Meineke Dealers Association–an independent group representing over 500 Meineke franchise owners–the partnership is geared towards helping franchise owners pull in more clients who may otherwise not be able to afford their services.

“The Meineke Dealers Association endorsed the addition of Katapult’s LTO to the Meineke Payments Solution so that non-prime consumers nationwide have access to a transparent lease option that provides them with the financial power to acquire the automotive products they need, when they need them, at fair terms,” said Brendan Sullivan, owner of a Meineke Multicenter franchise store and Meineke Dealers Association member. “We are excited about the opportunity to provide access to our high-quality products to even more consumers across the United States.”