How Much Can You Save with 0% Financing?

June 8, 2021No comments

Why Does CliqStudios Offer Special Financing?

CliqStudios is currently offering interest-free financing for 12 months on your kitchen cabinet purchase. The reason we offer this special to our customers is so they can create their dream kitchen as economically as possible.

Dayton shaker cabinet style in painted White finish paired with Dayton in painted Carbon finish.

Why’s and How’s of 0% Financing

Interest-free financing helps keep costs down by allowing customers to pay over time without paying more for their projects. While the interest-free loan option is only available for the cabinet portion of your project, that’s a significant amount of the overall project cost. Materials like cabinetry are paid for upon checkout, so financing will give you 30 days before you start paying on your purchase.

Is Cash A Better Option?

Using your cash upfront means loss of return on investment so using an interest-free loan gives you the advantage of cash without the loss of return.

Other Advantages of 0% Financing

A kitchen remodel can raise the value of your home, so interest-free financing lets you invest money in one of your biggest assets without added financing costs.  Do I Qualify

Comparing Financing Options

Consider the following two projects with four payment methods: All financial information is an estimate only projected from current rates.

Cost Comparison

Sample Project A

Sample Project B

Cost

$7,500

$12,500

12-month, Zero Percent Financing

Total Cost = $7,500

Total Cost = $12,500

Credit card with current average interest rate 17%

Total Cost = $8,389

Total Cost = $13,622

Home equity line with current interest rate 4%
There are additional loan fees added to these loans

Loan plus interest=$7,800
Closing costs $300
Total cost= $8,100

Loan plus interest = $12,773
Closing costs $500
Total Costs=$13,273

Cash, but with a loss of 12 months of return on investment.
Let’s assume a  5% rate of return

Loss of $375 return on investment.
If there are withdrawal penalties, then the loss could be higher.

Loss of $625 return on investment.
If there are withdrawal penalties, then the loss could be higher.

Get More Information on Total Remodeling Costs and Financing Options!

How to Factor Project Costs 
Compromising on Remodel Budget

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Get a Free Cabinet Catalog

We will send you our style catalog – 60 pages of photos and information on cabinet styles, storage options, specialty cabinets and accessories, and a remodel planning guide.  GET YOUR CATALOG »

Get a Free Cabinet Catalog
Free Cabinet Catalog

60 pages of photos and information on cabinet styles, storage options, specialty cabinets and accessories, and a remodel planning guide.

Get Your Catalog

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