- Two‐payment security deposit.
- Monthly payments.
- Deposit may be surrendered to own the equipment at end of term.
- No doc fee, no app fee.
- Factors (below) are multiplied times total cost to calculate monthly payment amount.
Term | < $75K | $75K+ |
---|---|---|
24 Months | .0479 | .0471 |
36 Months | .0336 | .0327 |
48 Months | .0267 | .0258 |
60 Months | .0227 | .0218 |
3‐Year Example
$10,000 X .0336 = $336.00 / mo.
Deposit up front: $672.00. 34 remaining payments. Deposit may be surrendered as full payment for the equipment. Start to finish, 36 total payments.