Hartford and Ratliff Co. has certified technicians to take care of your AC installation near Novi MI.
Hartford & Ratliff Co., Inc.
The Original Hot Water Specialists Since 1955

(248) 471-3110
For Parts: (800) 466-3110
Hartford and Ratliff Co. has been a trusted Air Conditioning contractor in Farmington MI since 1955.
Hartford & Ratliff Co., Inc.
For Parts: (800) 466-3110

6.90% Reduced APR

7% 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 7.0%.

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. Simply find the amount you intend to finance on the right, then compare the actual pay-off time and the total amount paid between different interest rates.

For instance, if you were looking at financing $5,000, the chart below illustrates that at 18% APR you will end up paying $9,466, versus $7,038 at 11.9% APR. With the lower interest, you can save $2,428 over the life of the contract.

APR 7% 10% 12% 14% 16% 18%
Length of loan in months 60-61 70-72 72-74 73-72 84-85 86-90
$1,500 $1,782 $2,000 $2,111 $2,224 $2,502 $2,839
$2,000 $2,376 $2,667 $2,815 $2,967 $3,336 $3,786
$2,500 $2,970 $3,334 $3,518 $3,708 $4,170 $4,732
$3,000 $3,564 $4,001 $4,222 $4,450 $5,004 $5,679
$3,500 $4,158 $4,668 $4,926 $5,192 $5,838 $6,626
$4,000 $4,752 $5,335
$5,500 $6,534 $7,336 $7,741 $8,159 $9,176 $10,413
$6,000 $7,128 $8,002 $8,445 $8,901 $10,010 $11,359
$6,500 $7,722 $8,669 $9,149 $9,642 $10,844 $12,307
$7,000 $8,316 $9,336 $9,853 $10,385 $11,678 $13,253
$7,500 $8,910 $1,003 $10,556 $11,126 $12,512 $14,200
$8,000 $9,504 $10,670

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24 Hour Emergency Service  •  Call Us Today  •  (248) 471-3110  •  or  •  Schedule Service Online
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(248) 471-3110
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Call Hartford and Ratliff Co. for reliable AC replacement in Farmington MI.
Hartford & Ratliff Co., Inc.
32708 W. 8 Mile Rd.
Farmington, MI 48336
Phone: (248) 471-3110
Toll Free: (800) 466-3110
We service most AC brands and models near Farmington MI.
Hartford & Ratliff Co., Inc.
Farmington, MI 48336
Phone: (248) 471-3110
Toll Free: (800) 466-3110
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