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:
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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