Offer finance to customers quickly & easily in your showroom
When customers visit your showroom, you have the perfect opportunity to demonstrate your products and explain your services in detail. Moreover, by presenting flexible repayment options at the point of sale you can further enhance your sales message. Credit options such as 0% interest free, Buy Now Pay Later, and low rate finance will not only help you close the deal, but it will typically lead to higher order values too.
Offering finance in company showrooms is known as ‘on trade’ selling. To offer finance in your showroom you will need to need to be authorised by the FCA for limited permission credit broking activity.
How it works: offering finance in showrooms
Customers choose the products they require and your sales person provides a quotation and explains the available finance options. The customer will then select their preferred option following which your sales person logs into the lender’s system and completes an application form – this usually takes about 5 minutes. Once the lender accepts the customer’s application, the customer ‘eSigns’ their agreement. The customer is then emailed a copy of the ‘paperwork’ or it can be printed out in the showroom. You’ll usually receive payment within 48 hours of delivery or installation.