Foundation Finance Blog
Looking for ways to grow your business? We’re here to help! Find business tips, home improvement updates, industry news and everything you need to know about home improvement financing.
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The winners have been chosen! 12 dealerships will be joining us in St. Thomas in June for a few days of fun and sun as a reward for their business and loyalty during the Foundation Fiesta 2 contest. We appreciate everyone who participated! IT COULD BE YOU NEXT YEAR! Check out pictures of last year’s […]
Many dealers are hesitant to make changes in their financing programs – even when those programs are no longer working or are costing them money they shouldn’t need to spend. In any other aspect of their business, a dealer would likely make a change to save money or to get better features, so why is […]
As the Little River Band says, sometimes you have to “take time to make time.” Great song lyrics, sure … but it works even better as a financing philosophy. Spending a little time learning your finance company’s policies, process and programs up-front can save you tons of time later by avoiding costly mistakes and paperwork […]
Foundation Finance Company (FFC), one of the fastest-growing providers of consumer financing to the home improvement industry, has launched new “SuperPrime” programs designed to compete directly with the home improvement financing programs offered by Wells Fargo, GE Capital and other “prime only” lenders. “Our second-look home improvement financing programs have been hugely popular for dealers […]
Taking complete credit applications is one of the most important things you can do to help improve your financing results. Unfortunately, a lot of salespeople don’t understand this and submit incomplete or inaccurate applications. Doing this jeopardizes your chances for an initial approval and increases the odds of a loan getting rejected during verification. Here […]
Working in an increasingly online, mobile world means embracing new technological trends that can save you and your customers time and money. Foundation Finance Company is now launching its “Kwik-Sign” digital signature program for loan document completion. Of course, dealers always have the option to complete loan documents by hand using hard copies or to […]
It’s a new year … time for resolutions to be made and a great time for change. It’s also a great time to review what is and isn’t working for you when it comes to your consumer financing programs. Here are a few ideas to help you start the new year right! 1. If you […]
When dealing with a one-stop financing program, like the one offered by Foundation Finance Company, dealers often want to know how to minimize their discounts. For a finance company who offers full service A, B, C and D lending, there is a fine line between discounting enough to cover real losses and staying competitive with […]
“Chop shop.” That’s a term some dealers use to describe a finance company that offers discount financing programs. Doesn’t sound very positive, does it? But without discount programs, many customers would not qualify for financing … which means fewer sales can be closed. And fewer sales means lower profits. What is discount financing? Many banks, […]
“6 months same-as-cash.” “No payments for 90 days.” “Payments as low as $49/month.” Why do you think “Big Box” retailers like Best Buy or Home Depot are always advertising their special financing promotions? Because it works. Actively promoting financing plans helps attract new customers and to get those “on-the-fence” buyers to say yes. The most […]
