Ever wonder how auto repair financing works?
It’s simple and it can help you earn more revenue. Does this scenario sound familiar? A person walks into your shop needing repair but doesn’t have the cash to pay for the job. If you are experiencing a scenario like this daily then you’re watching cash walk out the door.
If you are tired of losing out on sales because the clients can’t afford to pay for your services, it’s time to explore offering auto repair financing to your customers. This will help you to close the deal in a more effective and less complicated manner. Read on to learn the facts about auto repair financing.
Subprime Borrowers Can Qualify
Subprime borrowers are individuals with low credit scores. These borrowers are usually aware of their score and they may feel hesitant to apply for auto repair financing options. When you partner with Financing Your Way to offer auto repair financing, you can restore the confidence of subprime borrowers. Financing Your Way offers a subprime option that can turn a “no” into a “yes.” These lenders look 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.
Fast Funding for Your Business
Your business won’t wait long to receive funds when you partner with Financing Your Way to offer auto repair financing options. In most cases, funds are released a few days after the consumer receives approval. This means your company will be paid now for the services provided to your consumer. You can avoid the headache of tracking consumer receivables and writing off uncollectible debts.
Default Isn’t Your Problem
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 an 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 the financing process. Financing Your Way makes the process easy and stress-free for your company.