LPP NET 30 Credit Terms

(1% 10 Net 30 – Early Payment Incentive Available)

Effective Date: May 5th, 2025

Definitions

“Lift Parts Pro LLC” (hereafter referred to as “LPP”) is the supplier of goods.
“Customer” refers to any business entity approved for credit by LPP under these terms.

1. Credit Terms

  • Upon approval, LPP will extend Net 30 terms, meaning full payment is due within 30 calendar days of the invoice date, not the ship date.
  • Credit limits will be assigned at LPP’s sole discretion and may be adjusted based on account history or credit references.

2. Early Payment Incentive – 1% 10 Net 30

  • Customers who pay invoices in full within 10 calendar days of the invoice date may deduct 1% from the invoice subtotal (excludes tax and shipping).
  • Discount is only valid if payment is received within that 10-day window and applied at time of payment. No retroactive discounts will be honored.

3. Late Payment Policy

  • Payments not received by the due date will incur a 1.5% monthly finance charge (18% APR) on the past-due balance.
  • LPP reserves the right to:
    • Place accounts on hold
    • Require prepayment for future orders
    • Revoke credit terms altogether

4. Default & Collections

  • Invoices exceeding 60 days past due may be forwarded to collections or legal counsel.
  • Customer agrees to pay all reasonable attorney’s fees, collection costs, and court costs associated with recovering outstanding debts.

5. Dispute Resolution

  • Any invoice discrepancies or disputes must be submitted in writing within 7 days of invoice receipt.
  • All credit transactions are governed by the laws of the State of Missouri, and any legal action will be handled in Missouri jurisdiction.

6. Credit Review & Revocation

  • LPP may conduct credit reviews and/or request trade references during the approval process.
  • Credit terms may be revoked at any time based on payment history, inactivity, or policy changes.
Apply for NET 30 Terms

By completing and submitting a signed credit application, the Customer agrees to the terms outlined above.

For questions regarding credit limits, invoicing, or eligibility, please contact us:
📧 accounts@liftpartspro.com
📞 (307) 416-0980