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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)
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