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Consumer Financing for Fabricators, Retailers, Remodelers…
We have found that one of the most compelling programs for home improvement companies is consumer financing. With very little effort and no cost to set up – it can provide a huge upside in your business. There are several reasons for this.
Consumer Demand
Over 50% of all consumers that purchase home improvements over $5,000 use some sort of financing – credit card, home equity loan, bank loan, or 3rd party financing like synchrony, greensky, or others and it’s growing. Your customers want to finance it – so if you aren’t offering a program, you are missing out on these buyers. Our program allows for loans up $100,000 with terms of 5, 10, and 15 years (the longest in the industry), with low interest rates and no pre-prepayment penalties so consumers can pay it off any time.
Reach a Wider Audience
By offering financing, especially with the right company, you are reaching a wider audience of buyers that want your home improvement products and services. Financing allows customers that can afford an expensive home improvement to pay for it over time with a low monthly payment. We can finance FICO scores from 600+ so you can sell to customers that you normally could not reach. Increase revenues without any of the risk!
Make Selling Easier
What’s easier – selling a $10,000 kitchen project or $100 per month payment? If you answered $100, you are on the right track. Consumers know what they can afford. So focusing on a low payment that they can pay off when they are ready makes the sale process much easier. Consumers want a low, affordable monthly payment. What will surprise you is that customers will generally upgrade the project with better materials when they realize how little it costs to upgrade.
NO DEALER FEES!
Most, if not all finance companies charge the Dealer/Contractor/Retailer a fee to offer financing. PowerPay does not charge any fees. PowerPay is the best option because their platform is contractor/dealer and consumer-friendly. Easy to use, paperless, instant approvals, low rates and no fees or pre-payment penalties. PowerPay makes it really easy for the dealer to sell an expensive project for a low affordable payment.
We can help you join and add the program to your website. Apply here. It’s free!
This is one of the many ways you can add a financing program to your website. Or you can sample the payment calculator here.