View Full Version : exmark 1.9% financing...actually variable up to 21%??
03-27-2008, 12:09 AM
haven't had a chance to verify this, but I heard that the new Exmark promotion for 6 months deferred payments and 1.9% for 36 months is actually variable up to 21% after the 6 month period. Is this true?
03-27-2008, 12:15 AM
Standard procedure for these type of loans is that if you miss a payment, or don't pay it before the grace period(if you have one) your interest automatically adjusts to a set amount, in your case 21%. It could be totally different, but that is my guess.
03-27-2008, 12:20 AM
it's not variable up to anything. It's 1.9% FIXED. The 22% is the default rate. Same as any credit card or any revolving loan for that matter.
03-27-2008, 12:44 AM
Alright i just went over this today with my dealer but the way it works is having hte exmark card lets to get the promo rate of 1.9 for that purchase. Anything else you buy on that bard is at 22% or 13% above prime. and the defualt rate is like 28%.
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