We believe that for certain businesses, retail finance services are an absolute must!
Auto Parts Stores and Auto Repair Shops
Car parts can be pricey and consumers don’t always have the money to buy the parts their vehicles depend on. Both Auto Part Stores and repair shops see a massive spike in revenue during summer months. Sites like Amazon.com benefit from this demand by capturing sales from small automotive parts stores by offering lower prices on parts. By offering retail financing services automotive stores can remain competitive.
Pet Retail Locations
Pet stores also see an increase in revenue during summer months as consumers invest in the family pets while children are out of school. Rare breeds of pets can be in high demand, but also can be costly. If clients want these pets but can’t afford them, they may resort to less ethical options such as pet leasing. Pet stores must meet the demand by offering ethical pet financing options to help clients take home their dream pet.
Funeral Service Providers
The death of a loved one never happens at a convenient time, and it is even more troublesome when it happens during a trying financial time. Clients need options for funding funeral services and if your company it not offering these options you will lose customers. Funeral service providers should explore creating tiered funeral service packages and offering consumer finance as a method for payment.
Cell Phone and Computer Providers
Cell phones and computers are lifeline for communication, work and entertainment. They also serve as accessories and people are willing to finance the expensive devices they desire, since most people don’t want to or cannot afford pay in full. It is critical for cell phone providers to offer financing option or major retails will win the business of clients each time.
Furniture Stores
People are very comfortable with financing furniture for their business or their home. The furniture industry does well year round for this reason. All furniture stores that desire to capitalize on year round sales trends should offer retail finance services and market these options within the showroom.