What is the dependency between credit worthiness and down payment for a leased Zoomin Groomin vehicle?

According to Zoomin Groomin's 2025 Franchise Disclosure Document, the down payment required for leasing a vehicle is linked to the franchisee's creditworthiness. The FDD states that if a franchisee chooses to lease a vehicle, the estimated down payment will be at least 10% of the total vehicle purchase price, which includes the van, upfitting, and transport costs. However, this percentage may fluctuate depending on the franchisee's creditworthiness.

This implies that franchisees with lower credit scores may be required to make a higher down payment to secure the lease, while those with excellent credit may qualify for a lower down payment. The FDD also notes that existing Zoomin Groomin franchisees have reported financing upfitting and transport costs into their vehicle leases, which is factored into the vehicle lease estimate.

Prospective franchisees should carefully consider their credit situation and its potential impact on the terms of the vehicle lease. It would be prudent to discuss financing options and credit requirements with Zoomin Groomin and potential leasing companies to understand the specific down payment requirements based on their individual credit profiles. This will help in accurately estimating the initial investment needed to start the Zoomin Groomin franchise.