Useful Life of the Asset
The finance program type and rate will vary based on the asset type and its value at the end of its term.
Larger transactions typically have lower rates. GreatAmerica uses a tiered structure based on transaction size.
Longer terms generally have lower rates. GreatAmerica standard terms range from 12 - 60 months with the average term for a program being 36 months.
Volume of Transactions
Programs with a history and/or volume of financing with GreatAmerica can experience more flexible terms and rates.
The competitive environment of your industry will impact program rates. GreatAmerica works with Manufacturers and Dealers to participate in developing competitive programs.
Interest rates set by the Federal Reserve and other economic factors can have an impact on the cost of funds and potentially on your program rates.