What is the estimated cost to purchase a vehicle for a Pearce Bespoke franchise?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
-up of a franchised business.
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- Vehicle Lease. You are not required to purchase or lease a vehicle to operate your Business, provided your vehicle is in good working condition and no more than five (5) years old. The low-end amount assumes you have a vehicle that is paid off and in good working condition, whereas the high-end amount reflects the cost of purchasing or leasing a vehicle. Franchisees who choose to finance their vehicle through traditional financing sources, including banks, or other private financing companies can lower their initial vehicle investment requirement. You can choose the type of vehicle to purchase or lease, but we have used a Toyota Corolla price reference for purposes of this section. The total estimated cost to purchase the vehicle ranges between $21,000 - $30,000. Should you choose to finance your vehicle, our estimates are based on a 20% deposit on the final purchase invoice with the remainder financed over a 60-month term at an interest rate of 3%. The high side of our estimate is based upon three months of payments. Your deposit, term, and interest may vary. Additionally, the vehicle must be box wrapped with Pearce Bespoke app
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 15–19)
What This Means (2025 FDD)
According to Pearce Bespoke's 2025 Franchise Disclosure Document, franchisees are not required to purchase or lease a vehicle to operate their business, provided their vehicle is in good working condition and no more than five years old. The estimated cost to purchase a vehicle ranges from $21,000 to $30,000. This estimate is based on the price of a Toyota Corolla.
The low-end amount assumes the franchisee already has a vehicle that is paid off and in good working condition. The high-end amount reflects the cost of purchasing or leasing a vehicle. Franchisees can choose to finance their vehicle through traditional financing sources, including banks, or other private financing companies, which can lower their initial vehicle investment requirement.
If a franchisee chooses to finance their vehicle, Pearce Bespoke's estimates are based on a 20% deposit on the final purchase invoice with the remainder financed over a 60-month term at an interest rate of 3%. The high side of the estimate is based upon three months of payments. The franchisee's deposit, term, and interest may vary. Additionally, the vehicle must be box wrapped with Pearce Bespoke approved marks and logos, as described in the Manuals.