How does Financeit work? Close more sales with consumer financing
Financeit is a leading North American lender serving the home improvement, retail, and recreational vehicle industries. We give businesses the power to close larger sales faster with our easy-to-use technology.
Financeit makes it easier than ever for your team to quote customers, close deals and get paid for your hard work.
How does Financeit work?
Here’s how businesses use Financeit to close more sales:
1. Provide quotes to customers
Eliminate sticker shock for your customers by breaking down the cost of big-ticket items into low monthly, biweekly, or weekly payments. Train your sales staff to start every conversation with a low quote. When you start the sales conversation by quoting a low monthly payment, your customers see how the purchase can work with their budget. We provide an easy-to-use Payment Calculator to help you provide payment estimates to customers on the spot.
2. Submit a customer loan application
When your customer is ready to commit to financing their purchase, you can close the deal by submitting their loan application. Perform credit checks in seconds and complete loan applications in a matter of minutes with Financeit. If your customer prefers to submit the loan application privately, they can complete it at home and send it directly to Financeit for approval.
3. Sweeten the deal with promotional offers
If a customer is on the fence about a purchase, use our promotional offers to close the deal with confidence. We provide promotional programs to help make your products and services even more affordable. Consider offering your customers the following promotions:
- Interest rate buy-downs: Lower interest rates that fit your customer’s budget
- 0% interest: No interest for 12, 18 or 24 months
- Deferred payments: No payments or interest for 3 or 6 months
4. Get paid faster
Once all the documentation is complete and the loan is approved, we transfer the full amount of the purchase directly to your business bank account within a few days. You don’t have to worry about your customer’s ongoing payments, because we work directly with them. You get all the benefits of financing without the risks.
Get started with Financeit for free.
For informational purposes only. All quoted amounts are based on the current applicable Financeit interest rates, over the term and amortization period selected by the Dealer. Subject to credit approval.
The information, views, materials and opinions contained in this article are for general informational purposes only, are not intended to constitute commercial, legal or other professional advice, and should not be relied on or treated as a substitute for specific advice relevant to particular circumstances.
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