5 Benefits of Financing Your Generac Generator

Never being left in the dark sounds great.

Taking $3,000 to $10,000 out of your savings for a generator? Not so much.

Thankfully, that’s why financing exists—so you can invest in your future without breaking your bank account.

A Generac generator is not out of reach.

Your Generac Certified Dealer Can Help

Authorized Generac dealers offer financing programs in partnership with Generac.

These programs come with the most competitive interest rates and flexible terms.

Some examples of financing plans available are: 

18 Months, 0% Interest

Key Features:

  • Interest Waiver: No monthly interest if paid in full within the payment period.

  • Payment Period: 18 months (6, 9, 12, and 15 months are also available).

  • For example, payments for a $10,000 purchase would be $555 a month for 18 months.

This plan is a great option if you prefer shorter-term financing and want to avoid interest expenses.

132 Months, 9.99% APR

Key Features:

  • Interest Rate: 9.99% APR (Annual Percentage Rate)

  • Payment Period: 132 months (11 years)

  • For example, payments for a $10,000 purchase would be $125/ a month for 132 months.

While it involves interest charges, it provides an extended repayment period, which can be suitable for homeowners looking for more manageable monthly payments.


NOTE: Most Generac financing plans are only offered on purchases made with the Generac Credit Card. 


The Financial Benefits of Financing Your Generac Generator

Preserving Savings for Emergencies

Financing a generator allows you to keep your savings intact, preserving a financial safety net for unexpected emergencies. This strategic approach ensures that funds remain available for other essential needs, providing peace of mind in the face of unpredictable circumstances.

Flexible Payment Plans from 6 to 132 Months

Generac certified dealers work with reputable financing partners to offer homeowners flexible payment plans. You choose the financing option that suits your budget, whether it's a short-term plan with higher monthly payments or a longer-term arrangement with lower monthly contributions.

You can spread your payments across as little as 6 months or as many as 132 months!

No Upfront Financial Strain

Opting for financing means you can get your generator now without taking months to save up for a large upfront payment.

This is particularly advantageous if you don’t have the budget to take a chunk out of your savings without compromising your day-to-day or month-to-month expenses.

Building Credit

Spreading out payments and extending your credit line builds your credit score with each on-time payment.

While this most likely not your number one priority when it comes to financing a generator, it’s a great bonus.

Immediate Power Security

Financing ensures immediate access to power security. You can get the professional installation done right away, minimizing disruptions to daily life, protecting valuable appliances and electronic devices, and maintaining a comfortable living environment during outages.

Selecting the Appropriate Financing Option

Evaluate Your Financial Status

Assess your present financial position, taking into account your credit score, existing debts, and savings. This evaluation will assist you in identifying the financing option that best aligns with your financial objectives and capabilities.

Consider the Pros & Cons

Evaluate the advantages and disadvantages of each financing method. Factor in elements like interest rates, repayment terms, and any associated fees to make an informed comparison.

Determine the Loan Amount & Repayment Duration

Calculate the total cost of your Generac generator project, including installation, to establish the necessary loan amount. Choose a repayment period that comfortably fits within your budget.

New London Electric Has You Covered

There’s no reason you have to sit in the dark during the next outage.

With the Generac Credit Card, you have access to a range of financing options suited for any budget.

Our New London Electric team would be happy to walk you through the process.

If you have questions about financing or are ready to invest in full-time power, request your generator consultation today.

 
Joanne O'Neill