One Year or More of Free Financing?
We’ve think these plans are great, and our customers agree.  They remove the burden of having to make a large upfront payment for your new shades by allowing you to purchase them with no money down and no interest for one year.  Additionally, there are no penalties for paying it off early. This is a great option if time is of the essence but find are short, or if you’d like to tackle a large or expensive project all it once.  You can outfit your entire new home with blinds, or finally install the plantation shutters you’ve always wanted in your library, while having the time to pay for the work at a pace that’s comfortable for you.
We recommend dividing the 12 months into 12 payments.  This can be done automatically, by using online banking to set up reoccurring payments. As long as you pay the amount in full by the end of twelve months, you’ll have had an extra year to finance your purchase.  However, after the twelve-month period, the banks begin to charge substantial rates that compound every subsequent month.  We tell our customers to take advantage of this financing offer only if they can make sure to pay the balance off before this promotional rate expires.  If you can manage this, then this financing plan may be ideal for you.

How the Banks Do It

People often wonder how the banks make money by offering these zero interest loans.  Here’s how: they charge us and other dealers a small interest rate for offering this financing, anywhere from 2% to 4%.  Of course, the banks also make money when people leave the debt unpaid past the no-interest period, when the rates skyrocket, so it’s essential to take advance of the one-year cushion and then pay it off.  We’ve used this plan ourselves when making appliance and other purchases for first homes, etc., and we’re all for it!

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