Understanding Financial Values

Progressive Leasing's system performs all of the calculations needed to simplify your customer's checkout experience. The /application/cart/pricing endpoint returns all of the financial elements of the Lease To Own transaction. The diagram below shows how a typical checkout experience uses some of these values to display key elements of the transaction:

1. InvoiceTotal - Total amount of purchase being passed from retailer to Progressive prior to any discount (does not include sales tax)
2. costOfLease - Total cost of the lease including the initial payment
3. EffectiveLeaseBalance - Invoice Total + Cost of Lease
4. InitialPaymentAmount - Initial Payment (varies dependent on merchant program)