Is there a prepayment penalty on any financing program offered by Big O Tires?

According to the 2025 Big O Tires Franchise Disclosure Document, there is no prepayment penalty on any financing program offered by Big O Tires. This means franchisees can pay off their loans early without incurring extra charges. This is a significant benefit, providing financial flexibility for franchisees who may experience improved cash flow or wish to refinance their debt under more favorable terms.

Big O Tires provides financing options at its discretion, influenced by factors such as accounting rules, regulatory requirements, franchisee creditworthiness, and the availability of funds. Big O Tires retains the right to deny participation in any financing programs to any franchisee for any reason.

While the absence of a prepayment penalty offers flexibility, franchisees should carefully review all other financing terms, including interest rates, security requirements, and default terms, as detailed in the Exhibits referenced in the FDD, such as Exhibit G (Promissory Note) and Exhibit H (Security Agreement).