9.90% Reduced APR

9.90% Reduced APR

 Make your first monthly investment (as little as 2% of the outstanding balance) 30 days after your new system is installed.

Billing each month, beginning 30 days from the installation of your new system. Your choices are:

  • Complete your total investment in full at the end of each billing cycle and incur no interest.
  • You can make monthly investments for as much or as little as you want, as long as you meet the minimum 2% of the total outstanding balance. Unpaid balances incur interest at an annual rate of 9.90%.

Example of 9.90% Reduced APR:

Initial investment x Monthly interest = Total outstanding balance x Minimum payment = Min. monthly investment

         $6,000.00 x (1.01%) = $6.060.00 x (.02%) = $121.20

NOTE: Examples are for estimation and demonstration only. Terms are subject to change and should be verified when applying for financing.

Bottom-Line Benefits of a Reduced APR

The chart below is based on typical Furnace & Air Conditioning revolving finance plans where the payment is based on 2% of the original balance.

Use this chart for estimating purposes to see how critically the interest rates can affect your actual cost of the job.

APR

10%

12%

14%

16%

18%

Length of loan in months

70-72

72-74

73-72

84-85

86-90

$1,500

$2,000

$2,111

$2,224

$2,502

$2,839

$2,000

$2,667

$2,815

$2,967

$3,336

$3,786

$2,500

$3,334

$3,518

$3,708

$4,170

$4,732

$3,000

$4,001

$4,222

$4,450

$5,004

$5,679

$3,500

$4,668

$4,926

$5,192

$5,838

$6,626

$4,000

$5,335

$5,630

$5,934

$6,672

$7,573

$4,500

$6,001

$5,000

$6,668

$7,038

$7,417

$8,342

$9,466

$5,500

$7,336

$7,741

$8,159

$9,176

$10,413

$6,000

$8,002

$8,445

$8,901

$10,010

$11,359

$6,500

$8,669

$9,149

$9,642

$10,844

$12,307

$7,000

$9,336

$9,853

$10,385

$11,678

$13,253

$7,500

$1,003

$10,556

$11,126

$12,512

$14,200

$8,000

 

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Emergency Service Available!
Call 434.847.1223 or, Fill Out Our Form
ADDRESS:   2210 Bedford Avenue
Lynchburg, VA 24503
HOURS:   Mon - Fri: 8AM - 4:30PM
PHONE:   434.847.1223
Connect With Us
 
See what your neighbors think about our Air Conditioning service in Forest VA on Google Reviews.
Email us any questions about our Cooling repair service in Forest VA.
For AC repair in Timberlake VA, follow us on Twitter!
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