|Braves offer 90-day, interest-free financing for tickets|
|Written by Admin|
|Monday, 23 April 2007 11:00|
The plan announced Monday is limited to ticket packages worth at least $200.
``We've heard from lots of fans who say 'We want this ticket package and we don't have that amount of cash on hand as we speak,''' Braves senior vice president for sales and marketing Derek Schiller said.
Fans may use the financing program on ticket packages including full or half season, 20-game plans, flex plans or in combinations of four-game packs valued at $200 or more.
GE Money, formerly known as GE Consumer Finance, is coordinating the promotional financing program with the Braves and will collect payments.
Dennis Murphy, GE Money vice president of sporting goods industry, said the finance charge on balances unpaid after 90 days is between 20 percent and 25 percent and based on the prime rate.
``We find the very high percentage of customers will pay these off'' before paying interest fees, Murphy said.