| Financing Pilot Program |
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Starting in March 2012, we will be offering financing on the purchase of ROM Machines. This is a pilot program, but depending upon its success we hope to implement financing permanently.
The average total cost of a delivered ROM Machine (this includes crating, shipping and delivery/installation) is about $15,500.
Down payment: For all financing, we require a down payment of $2,500. This can be made by credit card, check or wire transfer.
The $2,500 down payment is the same amount as the 30 day trial, so it would make sense to order the 30-day trial first. And then at the end of the 30 days, the financing for the remainder of the balance could be applied. It would be best to apply for financing approval before the 30 day trial started, so that you would know if this was an option for you.
5 different financing plans: There are 3, 6, 9, 12 and 18 month plans available. There is a fixed percentage rate for each plan varying from 2% for a 3 month plan, to 10% for an 18 month plan. Below are approximate monthly payments, based on a total financed amount of $13,000.
3 months 2% - monthly payments around $4350
6 months 4 % - monthly payments around $2195
9 months 6 % - monthly payments around $1480
12 months 8 % - monthly payments around $1130
18 months 10% - monthly payments around $780
The additional costs associated with financing are:
Origination fee: $19
Credit Check fee: $9
Loan Closure fee: $9
Payment Service Charge: $3.50 per payment
To find out whether you are eligible for financing, please contact us at (818) 787-6460 or email us at financing@fastexercise.com
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