Finance Offers

We Accept these major credit cards:

Visa, MasterCard, Discover, American Express

Yeager’s Ethan Allen (an authorized Ethan Allen retailer) is excited with the launch of our new finance options effective July 2, 2007. Our client’s can choose from three different options, depending on which one is a fit for their particular situation:

1. Term Choice (formerly known as Simple Finance Plan).

The client can choose the repayment term and the APR varies according to their selection; the APR’s range from 3.99% for a 12-month repayment term to 9.99% for a 60-month repayment term. This is great for our client’s who have a specific flow of income and wants a fixed payment each month for a specified period of time.

Specifics:
Minimum purchase amount of $2000.00
No penalty for early pay-off
Interest and payment starts with the first billing statement

12 months 3.99%
24 months 5.99%
36 months 7.99%
48 months 9.99%
60 months 9.99%

2. No Payments, No Interest.

Our popular Six Months Same as Cash offer will still be available. This is ideal for our client who is getting a bonus or is expecting a large sum of cash at a later date and wants to defer payments and interest for six months.

No minimum purchase required
No penalty for early pay off
No monthly payments are required, however final payment must be made prior to the 6 month due date or an accruing finance charge of the APR will be charged. The APR on this offer is 23.99% of not paid on time.

3. EA Prime.

This option has an APR equal to the prime rate, a low monthly payment (3% of the balance), and the added benefit of no payments required for the first three months. This is great for our customer that wants a low APR, but doesn’t want to tie up their Visa or MasterCard, and also wants an extended period of time in which to pay the balance.

Minimum purchase amount of $2000.00
Minimum payment is 3% of the balance
No penalty for early pay-off and client can send in monthly payments
Interest accrues with the first statement at Prime Rate and will vary as the Prime Rate varies

Fixed vs. Variable APR

A fixed APR is an interest rate that doesn’t change. You know what it is and it will not change.
A variable APR is one that will move when a “trigger” changes. A trigger may be Prime Rate. The prime rate, as reported by the Wall Street Journal’s bank survey, is among the most widely used benchmark in setting home equity lines of credit and credit card rates. It is in turn based on the fed funds rate, which is set by the Federal Reserve.
Which is better? That’s a hard question to answer because it is not really a question of “better”. Low is always good and that could be accomplished by a fixed or a variable APR.
Introductory APR is just that: Introductory. After a certain amount of time such as six months the APR will jump to a higher figure, sometimes much higher.
Credit Card companies will also make money on late fees and over-the-limit fees.