13.9% Energy Star Reduced APR
Purchace any Lennox Energy Star product and receive a 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 13.90%.
Example of 13.90% 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.
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 critical the interest rates can affect your actual cost of the job.
Bottom-Line Benefits of a Reduced APR
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