How are Bi-Weekly payments Calculated?

British Columbia (Abbotsford)

The bi-weekly payments shown on our website are based on the selling price (either the 'web price'
or 'sale/special pric‘, including 7% Provincial Sales Tax (PST) and 5% Government Sales Tax
(GST) as the amount financed.

Saskatchewan (Saskatoon)

The bi-weekly payments shown on our website are based on the selling price (either the'web price'
or 'sale/special price'), including 6% Provincial Sales Tax (PST) and 5% Government Sales Tax
(GST) as the amount financed.

Alberta Stores (Calgary, Red Deer, Leduc, Edmonton, Grande Prairie)

The bi-weekly payments shown on our website are based on the selling price (either the 'web price'
or 'sale/special price'), including 5% Government Sales Tax (GST) as the amount financed.

All payments are calculated with $0 down at a fixed interest rate from 5.99% to 7.99% 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).

Annual Percentage Rate (APR)

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

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

  • $0 down @ 6.49% APR for 60/240 months OAC.

Rates Used For Calculating Payments On Our Website:

  • $7,500 to $9,999 = 6.49%
  • $10,000 to $19,999 = 6.49%
  • $20,000 to $79,999 = 6.49%
  • $80,000 to $99,999 = 6.49%
  • $100,000 & above = 5.99%
  • Featured Units (Deal of the Week) = 5.99%

The rates described above are used to provide estimated bi-weekly payments on our website and are typical for the amounts financed and the age of the unit. They are not guaranteed. You may
qualify for lower rates!

Term

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 @ 6.49% 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

Amortization

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 @ 6.49% APR for 60/240 months OAC.

Term & Amortization Table

Model Year Term (in months) Amortization (in months)
2020-2022 60 240
2019 60 216
2018 60 204
2017 60 192
2016 60 180
2015 60 168
2014 60 156
2013 60 144
2012 60 132
2011 60 120
2010 60 108
2009 60 96
2008 60 84
2007 60 72
2006 60 60
2005 60 48
2004 48 36
2003 36 24
2002 24 12

Minimum Bi-Weekly Payments

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.

Notice

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

 

Example Bi-Weekly Payment

Example bi-weekly payment for a current model year RV using a 6.49% APR with a 5 year term over a 20 year amortization.

On our website, this appears as:

  • $0 down @ 6.49% APR for 60/240 months OAC
RV Price $30,000
@7%+PST 5%GST $3,600.00
Subtotal $36,000.00
Downpayment $0
Finance Amount $34,040.91
Bi-Weekly Payment $116.96
Principle Balance $29,134.32
Cost of Borrowing $10,298.21

* 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).

Payments do not include doc fee and tire levy ($269 - $325).

 

Loans & Rates

  • All loans are On Approved Credit (OAC) for a 5-year fixed-rate term.
  • All loans are open! This means you can pay them down, or off completely, at any time during
  • term! This can save you a significant amount of money.
  • Interest rates described are used to provide estimated bi-weekly payments on our website are typical for the amounts financed and age of the unit. They are not guaranteed.
  • You may qualify for lower rates!