How are amounts payable to Big O Tires typically paid?

According to Big O Tires' 2025 Franchise Disclosure Document, unless specified otherwise, all amounts payable to Big O Tires must be paid through Automatic Clearing House (ACH) debits to the franchisee's checking account. This is a standard practice to ensure timely and consistent payments.

However, the FDD also indicates some exceptions and variations in payment terms depending on the specific financing program. For instance, the Real Estate Sub-lease and Real Estate Lease programs require monthly rent payments on the first day of each month. Additionally, the financing program applicable to certain incentive programs like the U.S. Military Veteran & First Responder Program may have different payment terms, such as monthly payments of principal and interest for 36 months, or equal monthly payments of principal for 12 months with no interest, depending on the specific program and the franchisee's election.

It's important for prospective Big O Tires franchisees to note that Big O Tires retains the discretion to modify these payment terms and may require different payment methods under certain circumstances. Franchisees should carefully review the specific terms and conditions outlined in their franchise agreement and any related financing documents to fully understand their payment obligations. Additionally, franchisees should be aware that Big O Tires may sell the notes receivable to third-party lenders, which could require franchisees to make payments directly to those lenders.