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Friday, February 4, 2011

Autodesk 0% 12 month financing promotion just announced 2/14/11 - 4/15/11

 Hey there.  I have some great news for you.  If you're looking to upgrade your software, but are having issues with cash flow, Autodesk has just announced a great new promotion. Free financing!!!!

Here are the details.  It's available for 12, 24 or 36 months.
0% interest for 12 months
2.9% interest for 24 months
3.9% interest for 36 months


It's availabe for purchases from $5,000 to $150,000
The purchase must be for at least 60% product (that means it's not for subscription renewals)
Subscription is not required for these deals, but it is always preferred.
The normal Autodesk multiyear subscription discount does not apply to the purchase
If you're not aware, if you buy subscription in a 2 year contract, you get a 5% discount. For a 3 year subscription contract, there is a 10% discount.  It's not part of this promotion, but if you are renewing your subscription, consider a 3 year contract and finance it for 36 months to manage your cash flow.

So, here's a sample of the deal.
If you have AutoCAD 2008, you can upgrade it for $2995 for the software and $725 for subscription.  The total price is $3720.  That's less than the $5,000 requirement, so it would have to be for 2 seats or more.

If you have 2 seats that you want to upgrade, it's $3720 x 2 seats = $7440
For the 60% product requirement, $2995 x 2 = $5990
From the total of $7440 x 60% mininum product = $4664.  $5990 is greater than $4664, so the deal qualifies for the 0% deal.

$7440 / 12 months = $620/month. Remember it's two seats so that's $310/seat.
That works out to:
$3720/seat/year
$310/seat/month
$71.54/seat/week
$14.31/seat/day
$1.79/seat/hour

Here's a spreadsheet breakdown for costs for 2 seats for 12, 24 and 36 months.
Note that the 3 year option is a bit shy of meeting the requirements, but if you bought the software for a little bit more ($267/seat), you would pay $7.73/month, but could take advantage. 


1 year  2 years 3 years
Product 2995 2995 2995
Subscription 725 1450 2175
Subtotal 3720 4445 5170
Quantity 2 2 2
Total 7440 8890 10340
Product Total 5990 5990 5990
81% 67% 57.93%
Qualifies Qualifies Does not qualify
Subscription Total 1450 2900 4350
19% 33% 42%
60% Minimum Product 4464 5334 6204
Months 12 24 36
Finance Rate 0 2.9% 3.9%
Rate Factor 0.042875 0.028861111
Annual Total  7,440.00  4,573.91  3,581.09
Monthly Total  620.00  381.16  298.42
Weekly Total  143.08  87.96  68.87
Daily Total  28.62  17.59  13.77
Hourly Total  3.58  2.20  1.72
Per Seat Pricing
Annual Per Seat Total  3,720.00  2,286.95  1,790.54
Monthly Per Seat Total  310.00  190.58  149.21
Weekly Per Seat Total  71.54  43.98  34.43
Daily Per Seat Total  14.31  8.80  6.89
Hourly Per Seat Total  1.79  1.10  0.86
Total Payments  3,720.00  9,147.81  10,743.26
Total payments/seat  1,860.00  4,573.91  5,371.63
Take base amount x # months  620.00  370.42  287.22
Per Seat  310.00  185.21  143.61
Finance amount/month  -    5.37  5.60


ELIGIBLE PARTICIPANTS
Financing offer valid from February 14, 2011, through April 15,
2011, or until $5 million in funding is allocated (whichever
occurs first). This promotion is valid in the 50 United States and
Canada only, and is subject to approval by one of the identified
financing partners; void where prohibited or restricted by law.
Minimum transaction size is $5,000 and maximum transaction
size is $150,000. Only Autodesk software licenses, creative
finishing systems and subscription purchases are eligible for this
offer. Autodesk Consulting Services, partner training and
services, and/or other related purchases are not eligible.

Autodesk Subscription may not exceed 40% of the total amount
financed. Early Autodesk Subscription renewals are not eligible
for this offer. Offer may not be combined with multi-year
subscription discounts. Autodesk Subscription is not required to
receive promotional financing.

All credit applications must be submitted and approved by
12:00p Central Standard Time on April 15, 2011 to qualify for
promotional pricing.

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