Finance Promotions
$99 in ‘09
Beginning May 1, 2009 Speed Queen Financial Services is offering an exciting new promotion:
Eligible customers can qualify for a 0% interest rate for the first six months and principal payments of only $99 per month for the first six months, regardless of your loan amount! Amount financed can range between $2,500 and $250,000.
The table below outlines the specific details of this finance promotion, including monthly payment factors:
- All loans must be for replacement equipment only. No new stores can be financed under this promotion.
- Variable interest rate of Prime + 3.00%, with a Prime Rate Floor of 6.50%.
- First payment of $99 is due on Day 30
- Monthly principal and interest payments after the 0% interest period is based on a 78 month amortization
- Minimum finance amount - $2,500
- Maximum finance amount - $250,000
- No partial or full prepayment penalty
- No security deposit on equipment financing
| Approximate Payment Factors | |||||||
|---|---|---|---|---|---|---|---|
| Amount Financed | 12 mo | 24 mo | 36 mo | 48 mo | 60 mo | 72 mo | 84 mo |
| $2,500 - $250,000 | .1713 | .0598 | .0376 | .0281 | .0228 | .0195 | .0172 |
Multiply the payment factor by the amount financed to arrive at your monthly payment, after the 0%/$99 monthly payment period, for the various finance term options.
| Approval Deadline: | June 30, 2009 |
| Factory Shipping Deadline: | June 30, 2009 |
| Funding Deadline: | August 31, 2009 |
| Finance Term: | Up to 84 month total term available |
| Customer Type: | Veteran Customer |
| Security Deposit: | None |
| Prepayment Penalty: | None |
| Loan Administration Fee: | Closing fee of 0.5% of requested finance amount Plus standard fees of either $150 or $300, depending on finance amount (will be capitalized into finance amount) |

