How Does Financing Close Sales?
Affordability is one of the biggest hurdles homeowners must overcome when considering updating or renovating their home. However, you can make projects more accessible by offering customers home improvement financing. Low interest rates and attractive promos can shorten the time customers spend saving for their next project and lower the amount of cash they need to provide up front.
Why Should I Use Foundation Finance?
Foundation Finance offers a stress-free monthly payment option. We offer time-saving tools and easy-to-use tech that makes it easy to provide your customers with home improvement financing. Enrolling in the Foundation Finance dealer network is free and takes just a few minutes.
How Can I Learn About Offering Financing?
Offering financing to your customers is easy, especially if you take the time to join a training webinar on the tools and tech that make it even simpler. Spend a few minutes learning the system and reviewing the available promos. Check out Foundation Finance’s available webinars and one-on-one training, or contact our dealer services team if you have any questions! You can reach us at 1-855-241-0024, ext. 5012.
When Should I Bring Up Financing with Customers?
Everyone knows you can make payments on a new car or home, but some people are not aware of home improvement financing. Add information about your payment options to your marketing and advertising plans to let potential customers know their projects may be closer than they seem. You should also offer every customer the option to break their project cost into affordable monthly payments.
How Much Does It Cost to Offer Financing?
Foundation Finance offers free reduced interest rates. but you can offer more promos and even lower rates when you leverage dealer discounts. Check your pricing model to see what kind of margins you’re making and, if needed, consider raising your prices by 3-5% to offset the cost of other financing benefits you would like to offer your customers. Just remember, as per Truth-in-Lending regulations, you can’t raise the price on a customer after they decide to finance.
Know a contractor who wants to start offering monthly payments? Earn up to $500 per referral. Interested in other ways Foundation Finance can help you close your next sale?
Contact us for more info: 1-855-241-0024, [email protected].
