Are you in the automotive repair industry and looking to take your business to the next level? Automotive repairs can be pricey and overwhelming to pay all at once for most people. Consider offering auto repair finance options for your customers to increase revenue and add an alternative option for payment. Read on for four ways financing for auto repair can change your business in a good way.
Customers can add more to the bill.
Customers who qualify for financing for auto repair would be motivated to spend more money on the maintenance of their vehicle. After all, our vehicles are our means for many different aspects of our lives. If a customer qualifies for financing they would be willing to pay for more repairs to avoid returning in a short amount of time for a separate issue.
Customers have more time to pay.
By offering auto repair finance programs it gives the customer more time to pay and alleviates stress. Repairs usually aren’t planned for and happened when it is least convenient. Many customers don’t want to use all of their available cash to handle an issue with their vehicle. This is why offering financing for auto repair can benefit your customers.
It can increase your profits.
Not only does having auto repair finance programs alleviates stress and encourage the customer to spend more money, but it can also benefit your business by adding interest to the transaction of the sale. Depending on how long the customer finances the automotive repair it can add a boost to your revenue.
It can create a long term relationship with your customers.
When customers have the option for financing they can become loyal customers to your business. Making monthly payments for their repairs is a constant reminder of your finance program and the good benefits of its impact on their circumstances. It can also motivate customers to share a good review with other potential customers and increase your business through word of mouth.
Call us today for a free consultation on how we can help your business grow to the next level at (866) 870- 7361.