Promotional Financing
2023 Program Highlights
- Choose from 30+ consumer financing promotions with great everyday rates.
- Expect year-round buydowns for Certified Comfort ExpertsTM.
- Get your rebates faster! Rebates are now available within 48-72 hours of approval.
Providing homeowners with financing options is more important than ever. 50% of Americans have less than $600 in savings2 and 41% of cardholders would walk away from making a purchase if financing wasn’t available3. Help your customers get the solution they really want with monthly payments rather than having to compromise on budget and comfort.
Help your business grow by mentioning financing early and often to all your customers. Offering financing on every job helps you attract customers, close sales and improves the overall customer experience. 75% of Synchrony dealers report financing increases their average sale1. A significant increase to your average ticket size means business growth. Synchrony cardholders report spending double on major purchases compared to non-cardholders ($6,106 vs. $3,044 average = 101% more)3. The YORK® financing program by Synchrony features dealer fee buydowns on over 30 promotional plans, making offering financing on our products a logical choice. Plus, you can expect year-round buydowns for Certified Comfort Experts in 2023.
1Synchrony Dealer Survey, Home Improvement 2021
2GoBankingRates Survey 2021
3Synchrony 8th Major Purchase Consumer Study, Home Improvement 2021
Eligible Levels: Liberties Plus and Certified Comfort Expert
Did You Know?
75% of Synchrony dealers report financing increases their average sale.1
Incentive Schedule
We are pleased to offer Full-Year Promotional Financing for Certified Comfort Experts!
To start off the year, from January 1, 2023 to May 31, 2023, Certified Comfort Experts may benefit from a flat dealer fee buydown of up to 6% and Liberties Plus dealers are eligible for a buydown of up to 3% on 30+ consumer promotions available through our program with Synchrony*. Expect details on buydown rates for the remainder of the year to be announced in a timely manner. This phenomenal program benefit enables our network to offer attractive financing options to the homeowner at a significantly reduced dealer cost when selling YORK® equipment with financing in 2023. The special buydowns are available on the following products per the qualified equipment incentive matrix below.
*Details on buydowns post May 31, 2023 will be announced 60 days prior to each promo period.
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| Air Conditioners and Heat Pumps | ||
| Type | Model #'s | Max Finance Value |
| 20 SEER | YXV / YZV | $15,000 |
| 19 SEER | YXT / YZT / CZH | $10,000 |
| 17 SEER | YFK / YCG / TCG / HMH7 | $7,000 |
| 16 SEER | CZF / YZF / YHM / YHG | $7,000 |
| 14 SEER | YCE / YCS / YFE / TCHE / YHE / THE / YCJF / YHJD | $6,000 |
| 13 SEER | YFD / TCD / YCJD / TCHD / YCD | $6,000 |
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| Furnaces | ||
| Type | Model #'s | Max Finance Value |
| Premium | YP9C / YPLC / TM8V / TM9V / TL9E | $8,000 |
| Standard | TM9E / TM8Y / TM9Y / TM9T / TM8E / TGLS / TMLE / TM8T / TM8X / TL8E /TMLX / TMLT | $6,000 |
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| Packaged Units | ||
| Type | Model #'s | Max Finance Value |
| Premium | PCG6 / PCE6 / PHE6 / PHG6 | $15,000 |
| Standard | PCG4 / PCE4 / PHE4 / PHG4 | $10,000 |
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| Air Handlers | ||
| Type | Model #'s | Max Finance Value |
| Premium | AHV / AVC / AVV / MV / MVC | $5,000 |
| Standard | AHE / AE / AP / ME / MP / MX | $5,000 |
If more than one product is included in the financed job, the sum of the eligible maximum finance values is the amount which will be utilized to calculate the rebate amount. Only one claim per financed sale is accepted by the claims system, thus dealers must include all eligible equipment models per financed sale in each claim they submit via Navigator.com.
Our 2023 program gives dealers access to very competitive everyday dealer rates on over 30 plans as well as significantly enhanced promotional rebates on financed sales containing eligible equipment. The table below illustrates the standard contractor fee as well as the dealer net cost with the up to 3% rebate for Liberties Plus dealers and the up to 6% rebate for CCE dealers available on sales funded with Synchrony from January 1 to May 31, 2023.
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| Plan | Promotional Offer |
Monthly Payment Factor |
Estimated # Payments |
Standard Contractor Fee without Rebate |
Liberties Plus Net Cost with up to 3% Rebate |
CCE Dealer Net Cost with up to 6% Rebate |
|
|---|---|---|---|---|---|---|---|
| Deferred Interest | 920 | No Monthly Interest if Paid in Full within 6 Months | 2.5% | N/A | 3.35% | 0.35% | 0.00% |
| 921 | No Monthly Interest if Paid in Full within 9 Months | 2.5% | N/A | 4.35% | 1.35% | 0.00% | |
| 922 | No Monthly Interest if Paid in Full within 12 Months | 2.5% | N/A | 5.10% | 2.10% | 0.00% | |
| 923 | No Monthly Interest if Paid in Full within 15 Months | 2.5% | N/A | 5.55% | 2.55% | 0.00% | |
| 924 | No Monthly Interest if Paid in Full within 18 Months | 2.5% | N/A | 5.85% | 2.85% | 0.00% | |
| 925 | No Monthly Interest if Paid in Full within 24 Months | 2.5% | N/A | 9.00% | 6.00% | 3.00% | |
| Fixed Payment | 940 | 3.99% APR Until Paid in Full | 1.25% | 94 | 20.00% | 17.00% | 14.00% |
| 941 | 5.99% APR Until Paid in Full | 1.25% | 102 | 13.85% | 10.85% | 7.85% | |
| 942 | 7.99% APR Until Paid in Full | 1.25% | 115 | 9.00% | 6.00% | 3.00% | |
| 943 | 9.99% APR Until Paid in Full | 1.25% | 132 | 5.85% | 2.85% | 0.00% | |
| 950 | 5.99% APR Until Paid in Full | 1.5% | 82 | 12.50% | 9.50% | 6.50% | |
| 951 | 7.99% APR Until Paid in Full | 1.5% | 88 | 8.10% | 5.10% | 2.10% | |
| 952 | 9.99% APR Until Paid in Full | 1.5% | 98 | 5.50% | 2.50% | 0.00% | |
| 960 | 3.99% APR Until Paid in Full | 1.75% | 64 | 13.50% | 10.50% | 7.50% | |
| 961 | 5.99% APR Until Paid in Full | 1.75% | 68 | 10.75% | 7.75% | 4.75% | |
| 962 | 7.99% APR Until Paid in Full | 1.75% | 73 | 7.00% | 4.00% | 1.00% | |
| 963 | 9.99% APR Until Paid in Full | 1.75% | 78 | 5.10% | 2.10% | 0.00% | |
| 964 | 10.99% APR Until Paid in Full | 1.75% | 82 | 3.00% | 0.00% | 0.00% | |
| 965 | 11.99% APR Until Paid in Full | 1.75% | 86 | 2.00% | 0.00% | 0.00% | |
| 970 | 5.99% APR Until Paid in Full | 2.00% | 58 | 9.00% | 6.00% | 3.00% | |
| 971 | 7.99% APR Until Paid in Full | 2.00% | 61 | 5.85% | 2.85% | 0.00% | |
| 972 | 9.99% APR Until Paid in Full | 2.00% | 65 | 4.90% | 1.90% | 0.00% | |
| 980 | 5.99% APR Until Paid in Full | 3.00% | 37 | 5.85% | 2.85% | 0.00% | |
| 981 | 7.99% APR Until Paid in Full | 3.00% | 38 | 5.10% | 2.10% | 0.00% | |
| 982 | 9.99% APR Until Paid in Full | 3.00% | 40 | 4.25% | 1.25% | 0.00% | |
| 990 | 5.99% APR Until Paid in Full | 4.00% | 27 | 5.10% | 2.10% | 0.00% | |
| 991 | 7.99% APR Until Paid in Full | 4.00% | 28 | 4.85% | 1.85% | 0.00% | |
| 992 | 9.99% APR Until Paid in Full | 4.00% | 28 | 3.35% | 0.35% | 0.00% | |
| Equal Monthly Payments |
930 | 25 Months No Monthly Interest Until Paid in Full | 4.00% | 25 | 9.00% | 6.00% | 3.00% |
| 931 | 36 Months No Monthly Interest Until Paid in Full | 2.78% | 36 | 13.85% | 10.85% | 7.85% | |
| 932 | 48 Months No Monthly Interest Until Paid in Full | 2.08% | 48 | 15.60% | 12.60% | 9.60% | |
| 933 | 60 Months No Monthly Interest Until Paid in Full | 1.67% | 60 | 18.10% | 15.10% | 12.10% | |
| 934 | 72 Months No Monthly Interest Until Paid in Full | 1.39% | 72 | 21.60% | 18.60% | 15.60% |
Activation Fee: Customers will be charged a one-time fee of $29 on their initial purchase. This does not apply to future purchases. Promotional Updates: Merchants may change promotions at any time by logging into Business Center at: bc.syf.com. Split Tickets: Split tickets between multiple Synchrony Bank credit card programs and/or other lenders are not allowed. Synchrony reserves the right to restrict available promotions by merchant. Contact your Synchrony sales representative at 1-877-891-9803 to learn more.
How to Apply for Funding and Buydown (Dealer)
- Present financing every time you sell YORK® equipment to homeowners.
- Process consumer financing application via Synchrony TransactTM or Synchrony’s paper process using your JCI program Merchant Number with Synchrony.
- Complete installation of equipment in customer’s home.
- Submit sales slip for funding by fax or via Business Center using your JCI program Merchant Number with Synchrony.
- Submit claim for dealer fee rebate on financed sales of qualifying equipment via Navigator.com > Marketing Dashboard > Menu > Promo Financing.
- Claims must be submitted within 30 calendar days of the sale funded date. Rebates are paid on sales funded within the promotion dates directly to the dealer by Synchrony via ACH within 48 to 72 hours of claim approval.
Program Terms & Conditions
Contractor Eligibility
- To activate the program, dealers must be registered as a Liberties Plus or Certified Comfort Expert contractor in the Marketing Dashboard. The “Residential Financing” and “Promotional Financing” programs must be selected in the dealer’s enrollment at time of installation.
- Participating dealers must have an aligned Liberties number tied to their Merchant account at Synchrony. To validate the Liberties Number, you may refer to the Marketing Dashboard or contact bts-ds-marketing@jci.com.
- Dealers must be enrolled with Synchrony on a JCI program Merchant Number, process the consumer application and submit for funding under their JCI program Merchant Number to take advantage of promotional financing offers.
- Dealers must be in good standing with Synchrony following the end of the calendar month in which the dealer fee rebate was earned and have an open Merchant Number to receive rebate payments.
Eligible Equipment
- Qualified equipment consists of all Ducted systems branded residential equipment (excluding Guardian, Manufactured Housing, and Evcon products). See above table for additional information.
- Manufactured housing and new construction installations do not qualify for promotional rebates. Three-phase equipment is excluded from this promotion. Promotional offers will not be extended for products not in stock.
Claims, Fees, & Incentive Payouts
- Incentives are paid in United States currency (USD).
- Financed sales must be funded with Synchrony within the promotion dates to be eligible for rebates.
- Dealers must submit claims for rebates with correct information via Navigator.com within 30 calendar days of funding.
- Dealer fee rebates are paid directly to the dealer by Synchrony via ACH within 48-72 hours of claim approval.
- Only one claim per financed sale is accepted by the claims system, thus dealers must include all eligible equipment models per financed sale in each claim they submit via Navigator.com.
- Claims submitted with incorrect Invoice Number, Serial Numbers, Synchrony Merchant Number or Synchrony Cardholder Account Number will not be approved by the automated claims system. Best practice is for dealers to have the above information available for claims entry. If dealers do not have the full Synchrony cardholder account number when entering a claim, please share these steps:
- In Synchrony Business Center as an Admin, go to Sales Tools > Lookup Account Information > select Program Name > enter Name & Phone Number utilized for the Synchrony financing application
- If you are having issues finding the cardholder number in Business Center, please call Synchrony Merchant Services at 888-222-2176 > select option 2 > select option 2 again
- All program participation is subject to review and audit by the Channel Marketing department. Any program participation determined to be non-compliant will be denied.
Additional Terms & Conditions
- Credit is extended by Synchrony bank. Rates subject to change. Synchrony is the exclusive residential finance provider in the United States for this program.
- Synchrony may have additional Terms & Conditions beyond those stated within this document.
- Non-compliance with any program terms or conditions may render distributor and/or dealer ineligible to participate in the program.
- Johnson Controls and Synchrony Bank reserve the right to change or discontinue the above financing promotion at any time without notice.