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Customer’s Interest Rate |
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Important Details
- Documented on a Capital Lease with a $1 buyout at end-of-term
- Fees:
- $75 + Filing Fee for transactions under $50k
- $175 for transactions between $50k—$150k
- $250 for transactions over $150k
- Cost is 2% of the total amount finacned for Distributor/Dealer Elite Cost (can be bundled into financing)
- Available for new Commercial and Industrial equipment NOT discounted below Distributor Net (Customer Centers or Distributors selling) or Dealer Net (Elites selling). Nitrogen generators and tools can be included at the special rate if they are bundled with a compressor.
- $1,000 Minimum Amount
- Typically no Advance Payments or upfront money due
- ALL customers are subject to credit review and approval as well as required lender documentation.
- Above rates are valid for Applications submitted on or after 8/1/06
Example
Your customer places an order for a new Unigy. You have not discounted the pricing.
The sales price is $15,000 and they would like to finance it over 24 months at a 2% interest rate.
The customer’s monthly payments would be $638 (15,000 x .04254) and their documentation fee would be $75 + the Filing Fee.
If you are a Distributor or Dealer Elite your cost would be $300 (15,000 x 2%).
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