Take 5 Oil Change has partnered with Zip, a financial services company, to offer customers an installment payment plan, according to a recent press release.
Through the partnership, Take 5 customers will be given the option to pay for any services done in multiple installments.
The feature will launch in Florida before expanding to all 650 of Take 5’s company-owned stores by the end of August.
Eventually, Take 5 franchise stores will also be given the option to implement installment payment plans at their stores as well.
Zip offers financing that is issued by WebBank, and the company has 3.8 million active users comprised of over 24,000 merchants across the Americas, according to the release.
“Our customers are facing pressure in the current economic environment, and we want to offer choices to customers to allow them to get the necessary services,” said Take 5 Oil Change President and EVP Mo Khalid. “Partnering with Zip to offer this service gives our valued customers the flexibility of multiple payment options.”
