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DOWNPAYMENT

I require 20% of the total cost of the instrument plus all shipping and taxes.

INTEREST

I charge .6% interest per month, so if you choose to take 12 months to pay off your instrument, you'll be paying 7.2% interest for that year.

HERE'S AN EXAMPLE OF HOW IT WORKS

Let's say you live in Ontario and buy an instrument for \$5000. Perhaps you live in Ottawa and I ship it to you there for trial. Shipping would cost around \$25. Tax of 13% HST costs \$653.25, so the total is \$5678.25. You decide to take 18 months to pay it off. Your downpayment will be calculated like this:

20% of \$5000 = \$1000.

Shipping =             \$25.

tax on \$5000 =    \$653.25

TOTAL                 \$1678.25

You send me an e transfer or credit card payment of \$1678.25. Subtract that amount from the total of \$5678.25 and you get \$4000. That's what you have left to finance. Now you multiply 18 (number of months for financing) by .6 and you get 10.8%. Add 10.8% to \$4000 and you get \$4432. That's the amount left to pay. Divide that number by 18 and you get \$246.22. That's your monthly payment.

You can plug any numbers in that you want, but that is my formula.

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