As of January 1, 2024, the interest rate for new Feeder Finance contracts is 10.25%; 0% financing remains available for qualified applicants on Creep, Mineral, Tubs, and ArrivalMax.
New Feeder Finance contract applications completed on or after January 1, 2024, must use the Feeder Finance interest rate effective on the date that the applicant signs the new Feeder Finance contract application. The interest rate will not change during the life of the Feeder Finance contract.
The rate is composed by the U.S. Federal Reserve’s Prime Rate + 175 basis points. The rate will be published through KNG’s Dealer communication channels, which includes the Dealer Update.
Please contact Horacio Lee, Credit Analyst with any questions at 563.264.4537 or [email protected].