Katapult for Shoppers - Katapult
Katapult-Logo-Pink-R-RGB

Tire Retailer sees an Impressive Lift in AOV, Units Per Order and Gross Profit by Partnering with Katapult for Lease-To-Own Financing Options

SimpleTire, a leading tire replacement supplier, found success when they joined forces with Katapult to offer a lease-to-own (LTO) solution to their valued customers. 

By integrating Katapult into their checkout process, SimpleTire witnessed remarkable results. The introduction of this flexible payment option led to an impressive 18% increase in Average Order Value (AOV).  Not only did this translate to higher revenue for the retailer, but it also resulted in a substantial 80bps+ increase in gross profit, indicating the profitability of the LTO solution. 

Moreover, SimpleTire experienced a remarkable 6%+ increase in Units Per Order (UPO) when compared to other payment options available to customers. This surge in UPO demonstrates the effectiveness of the lease-to-own option in enticing customers to purchase multiple units, driving up sales and ultimately boosting the company's bottom line. 

Katapult-CTA Creation-SEO-900x300-v2b

If you're interested in learning more about the remarkable success that SimpleTire achieved through their partnership with Katapult, download our case study today.

Return to Blog Homepage →