Are you ready to own a new eNVy Neighborhood Vehicle? With spring upon us, the golf course and the neighborhood are calling! If you’re ready for an upgrade, or perhaps you’ve never owned an eNVy before, now is the time. If cash on hand is an issue, we have the solution to make your purchase easy. eNVy has brand new units ready for you at our dealers all across the nation - AND we have options for financing your new ride.
LOAN CONSIDERATIONS:
1. Down Payment
The down payment is used directly against the price of the electric vehicle, and therefore it will reduce the size of the loan. A down payment gives the financing company cash upfront so that if the borrower were to default early, the lender’s losses are reduced. Oftentimes, especially with a lower credit score/marginal credit, putting a down payment or even increasing a down payment amount may be the difference between being denied a loan and getting one. A down payment in the recreation industry is traditionally anywhere from 10% to 20%.
2. Trade In
Trade in is when you have a unit you may be able to offer to the dealership in exchange for credit toward the price of the new one you are purchasing. Buyers can offset their loan with down payments other than cash. If a dealer takes an item as a trade, then the value of the traded item is directly deducted from the purchase price of the new item.
3. Credit Score
Checking your credit score before you start your powersport or recreational vehicle search is paramount. Unlike mortgages or a credit card, you can usually get a loan for an eNVy even if you have bad credit. The catch is that you will end up paying more, a lot more. This is because it is much easier for a bank to repossess a recreational vehicle if the loan is not paid than it is to repossess a house. Free services like TransUnion, Credit Karma, Mint.com, or Experian can help you understand your credit profile. Once you have this information, you can then figure out if you qualify for the best loan rates. This table will help you understand where you fall in the credit spectrum:
eNVy is part of the Intimidator Group, and we have partnered with some of the most reputable financing companies in the U.S. to give you the options and flexibility to own the electric vehicle of your dreams. Here are some options that are available for your consideration. (Note: Dealer participation varies. Please contact your eNVy Dealer to get a more detailed quote and additional financing information).
DEALER DIRECT FINANCIAL
-Offer is subject to credit approval. APR may differ. Documentation fees and financing buy-down fees may apply. No down payment required (with acceptable credit). Associated fees must be paid at closing. Contact your eNVy Dealer for more information.
SHEFFIELD FINANCIAL
-UCC filing fee may be charged. Subject to credit approval. Approval, and any rates and terms provided, are based on creditworthiness. Other qualifications and restrictions may apply. Financing promotions void where prohibited. Offer subject to change without notice. Sheffield Financial is a division of Branch Banking and Trust Company. Member FDIC. Contact your eNVy Dealer for more information.
YARD CARD
-Offer is subject to credit approval. APR may differ. Documentation fees and financing buy-down fees may apply. See below for full disclosure. No down payment required (with acceptable credit). Associated fees must be paid at closing. Contact your eNVy Dealer for more information.
eNVy doesn’t want anything to come between you and your next neighborhood vehicle. We are beyond proud to offer a product dreamed, designed, and engineered to be the best possible machine on the market.
Let us know how we can seal the deal, and make your dream to own a new, all electric eNVy Neighborhood Vehicle come true! For more information, be sure to check out the financing page on our website.
