Financing

Innovative Carrier products are trusted in more homes than any other brand–and financing is no different. Through our close partnership with CitiFinancial Retail Services, participating Carrier dealers offer a variety of flexible options for financing your new Carrier product or system. That way, you can invest in your home's comfort or respond to an unexpected heating and cooling need without breaking your monthly budget.

With financing from Carrier and CitiFinancial, you'll enjoy:

  • Low monthly payments
  • Preferred interest rates
  • Flexible terms

Plus, by taking advantage of special Carrier financing, you won't use up your existing funding sources, like a home equity line of credit, credit card or bank account. They'll still be available when you need them.

To find out which Carrier financing options are available to you, or to learn about special financing promotions, contact Air Design, Inc.

6 Months Same As Cash / No Payment

Make no payments and incur no interest for the next six months. The perfect choice for people who want to:

  • Make a single total investment, but not today!
  • Make six 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 six month time period passes, the interest rate is 19.5% retroactive to date of installation.

Example of 6 Months Same As Cash / No Payment at 19.5% APR :

Months one, two, three, four, five and six -- 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.

90 Days Same As Cash / No Payment

Make no payments and incur no interest for the next 90 days. This is the perfect choice for people who want to:

  • Make a single total investment, but not today!
  • Make three investments equaling the total investment over the next three months and incur no interest or penalties.
  • After the three month time period passes, the interest rate is 19.5% retroactive to date of installation.

Example of 90 Days Same As Cash / No Payment at 19.5% APR:

Month one, two and three -- No payment required

Initial investment x Monthly interest =
Total outstanding balance x Minimum payment = Min. monthly investment 

     $6,000.00 x (1.045%) = $6.270.00 x (.02%) = $125.40

NOTE:
Examples are for estimation and demonstration only. Terms are subject to change and should be verified when applying for financing.

Regular Revolving Credit

Billing each month, beginning 30 days from the installation of your new system. Your choices are:

  • Complete your investment in full at the end of each billing cycle and incur no interest.
  • Make partial investments over as many months as you wish incurring interest at an annual rate of 19.5%.

Example of Regular Revolving at 19.5% APR:
Initial investment x Monthly interest =
Total outstanding balance x Minimum payment = Min. monthly investment
 
     $6,000.00 x (1.015%) = $6.090.00 x (.02%) = $121.80
NOTE: Examples are for estimation and demonstration only. Terms are subject to change and should be verified when applying for financing.

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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11.90% 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 11.90%.

Example of 11.90% 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 critical the interest rates can affect your actual cost of the job.


APR

12%

14%

16%

18%

Length of loan in months

72-74

73-72

84-85

86-90

$1,500

$2,111

$2,224

$2,502

$2,839

$2,000

$2,815

$2,967

$3,336

$3,786

$2,500

$3,518

$3,708

$4,170

$4,732

$3,000

$4,222

$4,450

$5,004

$5,679

$3,500

$4,926

$5,192

$5,838

$6,626

$4,000

$5,630

$5,934

$6,672

$7,573

$4,500

$6,333

$6,675

$7,507

 

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