tanTALK - Tanning Salon Business Owners Community - View Single Post - Pay-As-You-Use Hour Program (Tan America)?

JerseyTanning · 07-04-2005, 08:47 PM

I guess that's what this type of payment plan is called "time share program", I'm not familiar with this, but it seems to be a great idea if that is the case.

http://www.tanamerica.com/myhtml/home.html

On Tan America it says:

Announcing The $250 Down Pay-As-You-Use Hourly Program!
Don't hassle with long-term commitments! 1200 hours and your Matrix is completely paid for. Pay for your Matrix with $$$ it has already earned!

So I'm assuming they are saying that you pay for a bed over 1200 hours (with the additional interest percentage points added onto the actual price of the beds).

So if I'm not mistaken this would work something like this:

Bed Cost = $20,000
$250 down over 1200 hours = $16.66 per hour.

And if a bed is a 12 minute bed, you would get 5 tans per hour, so you're earning $55.00 gross sales per hour on the bed with a lease payment of $16.66 per hour.

Obviously there are other additional costs such as electrical, bulbs, and the interest on the loan... but it still seems like a pretty nice way to pay (as you go), but is this is only for their Matrix line of beds?

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[ This Message was edited by: JerseyTanning on 2005-07-04 20:53 ]

07-04-2005, 08:47 PM	#3 (permalink)
JerseyTanning Join Date: Jul 4 2005 Posts: 8 Rep Power: 0	I guess that's what this type of payment plan is called "time share program", I'm not familiar with this, but it seems to be a great idea if that is the case. http://www.tanamerica.com/myhtml/home.html On Tan America it says: Announcing The $250 Down Pay-As-You-Use Hourly Program! Don't hassle with long-term commitments! 1200 hours and your Matrix is completely paid for. Pay for your Matrix with $$$ it has already earned! So I'm assuming they are saying that you pay for a bed over 1200 hours (with the additional interest percentage points added onto the actual price of the beds). So if I'm not mistaken this would work something like this: Bed Cost = $20,000 $250 down over 1200 hours = $16.66 per hour. And if a bed is a 12 minute bed, you would get 5 tans per hour, so you're earning $55.00 gross sales per hour on the bed with a lease payment of $16.66 per hour. Obviously there are other additional costs such as electrical, bulbs, and the interest on the loan... but it still seems like a pretty nice way to pay (as you go), but is this is only for their Matrix line of beds? _________________ [ This Message was edited by: JerseyTanning on 2005-07-04 20:53 ]