Generac does not have a monthly fee in the traditional sense. However, they do offer financing options for purchasing their units, which may involve monthly payments. This allows customers to spread out the cost of the unit over time, making it more affordable for those who may not have the funds to make a large upfront payment.
One financing option offered by Generac is through their partnership with a credit card company. Customers can apply for a Generac credit card and use it to finance their purchase. With this option, there is a $29 account activation fee, but no additional monthly fees.
The financing terms for a Generac unit can vary depending on the specific model and purchase price. For example, Generac advertises the availability of a unit for as low as $1,999 or $25 per month. The asterisks indicate that there are certain terms and conditions that apply.
In this case, the fixed monthly payment is required for 132 months, which amounts to 11 years. It is important to note that with financing, there may be interest charges applied to the purchase. The interest rate will depend on the customer’s creditworthiness and the terms of the financing agreement.
It is also worth mentioning that while financing can be a convenient option for some, it is important to carefully consider the overall cost of the unit when factoring in interest charges. It may be more cost-effective for some customers to save up and pay for the unit outright, if possible.
Generac does not have a monthly fee, but they do offer financing options for customers to purchase their units. These financing options may involve monthly payments, and the terms and interest rates can vary depending on the specific agreement. It is important for customers to carefully consider the overall cost and their own financial situation before deciding to finance a Generac unit.