Call A Good Neighbor Heating & Cooling for great Furnace repair service in Middlebury IN
524 S. MAIN ST. MIDDLEBURY, IN 46540
 
(574) 825-1677
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9.90% Reduced APR

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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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524 S. MAIN ST. MIDDLEBURY, IN 46540
Mon - Thur: 8 a.m. - 6 p.m. • Fri: 8 a.m. - 5 p.m. • Sat: 9 a.m. - 1 p.m.
For Furnace repair in Middlebury IN, like us on Facebook! For Furnace repair in Goshen IN, visit us on Google! To schedule your Furnace installation in Elkhart IN, just email us!
524 S. MAIN ST. MIDDLEBURY, IN 46540
Mon - Thur: 8 a.m. - 6 p.m.
Fri: 8 a.m. - 5 p.m. • Sat: 9 a.m. - 1 p.m.
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