Matching your customers with the right products and services is an essential part of a sale. However, balancing cost and value isn’t always easy. Each customer’s personal tastes will impact what they want to gain from their home improvement project. However, you can use financing as a tool to spread the project cost out so your customer can afford the upgrades they really want.
1. Offer financing.
Everyone knows you can get financing for a car or a house, but many consumers are unfamiliar with home improvement financing. Let your customers know up front that you have payment plans that can spread out the cost of their project.
How we can help: Close sales faster by offering competitive interest rates and special promotions. Our dealer application only takes about 5 minutes to complete.
2. Determine the monthly budget.
The amount a person can afford to spend right now and the amount they can afford to spend over the next several months are not the same thing. Breaking large costs into low monthly payments makes projects more attractive and affordable.
How we can help: Foundation Finance offers installment and revolving options for projects from $1,000 to $100,000 with terms up to 240 months.
3. Prequalify your customers.
If your customer isn’t sure about their approval odds, prequalifying them with our soft credit pull process gives them the option to check whether they qualify for financing without impacting their credit score.*
How we can help: We offer approvals for customers with a wide range of credit profiles and FICOs as low as 550 – even if your customer has already been denied financing by other companies.
Interested in other ways Foundation Finance can help you close your next sale? Contact us for more info: 1-855-241-0024, [email protected].
You can build on us. Enroll in the Foundation Finance dealer network today.
*Upon our receipt of the customer’s completed credit application and signed financing documents a hard inquiry on the customer’s credit (that may affect the customer’s credit score) will occur.
