12 Months Same As Cash / No Payment
Make no payments and incur no interest for the next 12 months on select Dave Lennox Signature Systems. The perfect choice for people who want to:
- Make a single total investment, but not today!
- Make 12 equal investments over the next six months and incur no finance charges.
- Need some time to arrange a home equity loan and then switch over their monthly investments to ensure tax deductible interest.
- After the 12 month time period passes, the interest rate is 19.5% retroactive to date of installation.
Example of 12 Months Same As Cash / No Payment at 19.5% APR :
Months 1 through 12 - No payment required
Initial investment x Monthly interest = Total outstanding balance x Minimum payment = Min. monthly investment
$6,000.00 x (1.09%) = $6.540.00 x (.02%) = $130.80
NOTE: Examples are for estimation and demonstration only. Terms are subject to change and should be verified when applying for financing.