What is the vehicle age limit if I use my own vehicle for a Pearce Bespoke franchise?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 7: ESTIMATED INITIAL INVESTMENT]
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 approved marks and logos, as described in the Manuals.
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 if their vehicle is in good working condition and no more than five years old. This provides flexibility for franchisees who already own a suitable vehicle, potentially reducing their initial investment.
The FDD also notes that the low-end initial investment estimate assumes the franchisee already has a vehicle that is paid off and in good working condition. If a franchisee needs to purchase or lease a vehicle, the FDD uses a Toyota Corolla as a price reference, estimating the cost between $21,000 and $30,000.
If a franchisee chooses to finance a vehicle, Pearce Bespoke estimates are based on a 20% deposit and the remainder financed over 60 months at a 3% interest rate. The vehicle must also be box wrapped with Pearce Bespoke approved marks and logos, as described in the manuals. This branding requirement ensures consistency and visibility for the Pearce Bespoke brand.