How Are Bi-Weekly Payments Calculated?

The bi-weekly payments shown on our website are based on the selling price (the lowest advertised price, either the 'web price', 'sale/special or clearance price'), including 13% Harmonized Sales Tax (HST), as the amount financed.

All payments are calculated with $0 down at a fixed interest rate that varies dependent on the amount financed (see APR below).

The term and amortization are dependent on the model year of the RV to be financed (see Term and Amortization below).

The financing rates vary depending on the amount being financed, model year and credit rating. The minimum amount considered for financing is $7500 (including HST).

On our website, this is the percentage preceding APR, illustrated in bold here:

• $0 down @ 8.99% APR for 60/240 months OAC.

Rates Used For Calculating Payments On Our Website:

• $7,500 to $12,499.99 = 10.84%
• $12,500 to $24,999.99 = 10.34%
• $25,000 to $49,999.99 = 9.34%
• $50,000 to $79,999.99 = 8.99%
• $80,000 & above = 8.49%

The rates described above are used to provide estimated bi-weekly payments on our website and are for illustration only. We aim to keep them updated to reflect current rates typical for the amounts financed and the age of the unit.  They are not guarantee.  You may qualify for lower rates!  You can apply for pre-approval using our online credit application.

A 60-month fixed-rate term is used in calculating payments until a unit is 15-years or older. For every year a model is older than 15-years from the current model year, 12-months are removed from the term. Future model year product is considered the current year for financing.

On our website, the term is the first number preceding months, illustrated in bold here:

• $0 down @ 7.84% for 60/240 months OAC.

Terms:

• 0 to 15 Years: 60-month term
• 16 Years: 48-month term
• 17 Years: 36-month term
• 18 Years: 24-month term
• 19 Years: 12-month term
• 20+ Years: N/A

The maximum amortization is determined by comparing the product model year against the current year and obtaining the difference. For each year a model is older than the current model year, one year is removed from the maximum amortization of 20 years. Future model year product is considered the current year for financing.

On our website, the amortization is the second number preceding months, illustrated in bold here:

• $0 down @ 7.84% APR for 60/240 months OAC.

If a payment is below $48 bi-weekly, the amortization will be reduced one year from the maximum amortization period until the payment is at or above $48.

Rates on O.A.C. are subject to change without notice. Bi-Weekly payments shown do not include applicable bank or licensing fees.

* The principal balance remaining and cost of borrowing illustrated reflect making minimum payments for the first 5-year term.

Payments do not include bank registration fees ($65-$200).