Having auto repair financing options for your customers can help you drive more revenue to your bottom line!
If you are tired of losing out on sales because potential clients don’t have the cash to pay for your services, it’s time to explore offering auto repair financing to your customers. Closing the deal will become less complicated and your business will experience increased service revenue. Learn the facts about auto repair financing.
Subprime borrowers can qualify
Subprime borrowers are individuals with low credit ratings. These borrowers can feel hesitant to apply for auto repair financing options because they have been turned down before. When you partner with Financing Your Way to offer auto repair finance, you can restore the confidence of subprime borrowers. This is because Financing Your Way offers a subprime option that can turn declines from certain lenders into approvals by looking beyond credit scores to gain a more accurate picture of the borrower. More approvals will mean your company can provide great service to more clients, despite their current financial situation.
Your business receives funds fast
Your business won’t have a long turnaround to receive funds when you partner with Financing Your Way to offer auto repair financing options. In most cases, funds are released in a few days after the consumer receives approval. This means your company will be paid now for the services provided to your consumer and you can avoid the headache of tracking consumer receivables and writing off uncollectible debts. This also helps keep cash flow steady and reliable.
Consumer non-payment doesn’t affect your business
For certain lenders, there is no recourse for your business if a consumer does not fulfill their obligation to pay. You take on enough risk each day as entrepreneur, you won’t have to add the risk of financing to your list. Financing Your Way works with a network of experienced lenders to understand and account for the risk of default. Once you receive your funds for the services you no longer have to worry about the details of financing process. Financing Your Way makes the process easy and stress-free for your company.
Financing amounts can vary
The cost of auto repair jobs can vary, so Financing Your Way offers flexible minimum or maximum financing amounts to meet the varied needs of borrowers. There is no one size fits all offer, every offer is customized for the borrower. Whether your client needs to finance costly European parts and extensive labor, or they just need time to pay for simple repairs, no loan is too small or too large.
Decisions are quick and easy
Closing the deal is a time sensitive process. When you partner with Financing Your Way, the application process for auto repair financing is expedited and decisions are made instantly in most cases. No need to send your customer home and risk losing the sale. Financing Your Way makes closing the deal easy because they understand time is of the essence.