Paying for home improvement projects is often one of the largest hurdles homeowners must overcome. Offering a financing option gives customer the ability to break their project’s cost into low monthly payments. When offering financing, here are some things to keep in mind.
Provide Options.
Ask every customer whether they would prefer monthly payments or a total invoice. You can use the payment estimator to demonstrate what the monthly payment would be with different term lengths and options applied.
Don’t Make Assumptions.
Your customer may qualify for financing – even if they don’t believe their credit history is very positive. Foundation Finance offers options for customers with A-D credit and FICOs as low as 550. Additionally, our soft credit pull process allows you to prequalify customers for financing without affecting their credit score.*
Make It Obvious.
Use our free marketing materials to let customers know they don’t need to save thousands of dollars up front for their next project. We have professionally designed brochures, flyers and more ready and waiting for you! Browse our free marketing materials here.
Offer a Special Promo.
Help your customers move forward on their next project with the help of a special promotion. A deferred payment promo can delay your customer’s first payment for three months or offer a reduced interest rate to help lower their rate over the length of the customer’s contract term. Check out all our special promotions here.
Take Advantage of Training.
Offering financing is easy and we can help your entire team become comfortable offering financing. We have live training webinars, recorded videos and one-on-one support ready to help you navigate from app to approval and beyond. Learn more about our dealer resources 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.
You can build on us. Enroll in the Foundation Finance dealer network today.
*Upon receipt of a completed credit application and executed contract documents, a hard inquiry (which may affect the applicant’s credit score) will appear on the applicant’s credit report.
