Make Big Ticket Items Accessible
As a business owner, it certain that you want to sell more by empowering your customers to purchase your goods and services. By offering flexible payment plans, you make your goods and services accessible to potential customers.
Many American consumers feel the financial pressures with inflationary pricing and higher interest rates. Furthermore, many consumers are concerned about day-to-day living expenses, debt, and a lack of savings. Did you know that less than half of U.S. households can cover a $1,000 emergency? Now, if your business offers home repair, dental or medical products and services, this could hurt you. For these individuals, purchasing big-ticket items in cash feels out of reach. While consumers buy all types of items, some are a need and others are not. Whether your sell a service or product that is in need or not, offering payment plans gives customers an easier purchasing decision.
Installment payment plans allow your customers to start their service right away or bring home their goods the same day, while the finance company collects repayment through the life of the loan. With payment plan options, shoppers have the freedom to choose the goods and products they want without having to worry about a big payment. Also, consumers can purchase larger ticket items such as:
Dental
Furniture
Mattress
Home repairs
Auto repair
Other retail goods and services
Spending $2,000 to $5,000 on an items, is something that a consumer is going to think about. They may not have the money saved up. Credit cards may be tapped out. Interest rates on credit cards are rising. An consumer loan provided by a finance company is a solution that allows for these bigger ticket items to be purchased.
To learn more about buy now pay later program,
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