Just five simple steps to apply for the Retail Credit Program:
Step 1. Complete the credit application. You will be asked to provide your basic demographic information including your monthly household income. Remember to add the income of everyone in your household including your spouse’s if applicable, even if you are applying just for yourself.
Step 4. Contact the participating dealer or manufacturer that you are purchasing from to place your order. Please call us and we will be happy to provide you with the contact information. Remember the minimum financing amount is $750.00.
Step 5. When your product invoice is complete you will receive an email from Sandbar Acquisition Company, LLC with a link to your documents. This step must be performed on a lap top or desktop. If you chose ACH as your method of payment you will be asked to provide the bank routing number and account number from which your ACH payments will be withdrawn. Your financial institution will be verified instantly and you will then be prompted to electronically sign your loan documents. Once the e-signature process has been completed, and your order is ready to be picked up or shipped, Sandbar Acquisition Company, LLC will disburse payment directly to the dealer. You will be notified by the dealer when your order is complete and your purchase is ready to be picked up or shipped.
Customer FAQs for the Retail Credit Program:
What are the interest rates and other terms of the credit program?
The actual interest rate (Annual Percentage Rate) you will be charged and your credit limit is dependent on your FICO score and other underwriting criteria and may be subject to your state of residence. Rates will range from 17.99% APR to 21.99% APR and your rate will be fixed for the term of your contract. The financing terms range from 12 to 36 months depending on your credit score and credit amount. The minimum credit amount is $750.00. Financing is offered by Sandbar Acquisition Company, LLC. Not all buyers may qualify. Interest rates are higher for borrowers with lower credit ratings. *Please note orders for Class 3 rifles do not qualify for financing.
Is there a down payment required and are there any prepayment penalties for paying off a contract early?
Depending on your FICO score you may be required to make a down payment on your purchase. You may pay off your contract in full at any time without penalty.
How are the payments processed?
There are two options for payments: ACH (Automated Clearing House) is an automatic monthly debit from your bank account or by making you monthly payments by personal check.
How long do I have to spend my full approved financed amount?
The credit amount that you were approved for is good for 90 days from the date you receive your pre-approval. Minimum credit amount must be at least $750.00. Be sure to read ALL of the contract disclosure information and if you have any questions feel free to contact Sandbar Acquisition Company, LLC at (844) 223-2632.
Are there additional shipping costs, fees or taxes?
Any shipping and handling costs charged by the dealer may be added to your final invoice. These fees will be included in the credit amount. Taxes will vary from state to state and there may be additional state or federal fees for items such as a short barrel rifle. Sandbar Acquisition Company, LLC does not charge fees of any kind.
How can I check the status of my application?
What happens to my contract if I return the purchased product(s)?
Return policies on all purchases are determined by the individual retailer. If you return your purchase in accordance with the retailer’s stated policy, the dealer must return your funds to Commonwealth Ordnance Finance Company. If we receive your funds within the first 30 days of the initial disbursement we will cancel your contract and waive any outstanding interest charges. If we receive the funds from the dealer later than 30 days following the initial disbursement we will cancel your contract, but you will be responsible for any additional accrued interest charges. Likewise, if the dealer deducts any other fees from your funds (i.e. re-stocking fees, damage fees, etc.), we will only cancel your contract in the amount refunded by your dealer and you will be responsible for making any additional payments.