Cash, credit cards and payment plans are the most common options customers use to cover their home improvement expenses. However, not every customer has the means (or desire) to cover their project with their savings and credit cards typically have large high rates. That leaves payment plans as an ideal option for your customers to cover their project. Learn how to leverage your payment plan options to close more sales!
Provide Options.
Your customers may not know that paying their home improvement project off a bit at a time is an option. Work examples and estimated payments into pricing discussions, rather than just stating the overall costs. Including a “Payment Options” section on your website discussing the pros and cons of different payment options, including a monthly payment plan. You can even prequalify customers on your website with your custom app link.
Share the Benefits.
Once your customers know that low monthly payments are an option, remember to highlight the benefits. The lack of upfront cost and ability to maintain their savings takes some of the financial pressure off, making it easier for customers to say “yes” to their project sooner.
Keep It Simple & Convenient.
“Financing” can sound intimidating to your customers, but financing a home improvement project is actually simple and convenient! Our online application walks you or your customer through the prequalification process, collecting the information needed to proceed. Once approved, your customer can accept and sign their contract via DocuSign. Even after you complete their project, Foundation Finance keeps things simple with an optional auto-pay option.
Sweeten the Deal.
Consider adding a special promotion for your customers! We offer free reduced interest rates starting at 11.9%. We also have a wide range of additional promos, such as deferred payment plans and same-as-cash options. You can learn more about our current promos here.
Interested in other ways Foundation Finance can help you close your next sale?
Contact us for more info: 1-855-241-0024, sales@foundationfinance.com.
