Plumbing issues, especially hot water heater problems, are often costly and time-sensitive. Consumer financing helps your plumbing company better serve your customers, increase affordability, and allow for immediate hot water heater replacement, all while growing your business. Read on to learn how.
Increase Hot Water Heater Sales
Offering consumer financing empowers you to better serve and cater to your customers through monthly payment plans. It increases the affordability of plumbing repairs and equipment replacement, including expensive installations like hot water heaters, especially when the installation is an immediate need.
When a lump sum cost is broken down into smaller, affordable monthly payments, customers are much more likely to choose your services over competing businesses that don’t provide payment flexibility. Offering consumer financing eliminates the burden of high upfront costs, a significant obstacle to purchase, helping you provide urgent services to your customers and increase sales for your plumbing business.
Attract More Customers
Introducing the concept of consumer financing early and often draws customers to your business. Homeowners have options when it comes to choosing their plumbers, but not all plumbing companies offer flexible payment plans. Offering financing options sets you apart from the competition and positions you as an ideal choice, especially with high-cost projects like water heater replacements and installations.
When homeowners have plumbing issues, they seek out professional teams like yours. Give them a reason to come to you first and proceed with the project as soon as possible. Attract more customers and gain a competitive advantage with consumer financing.
Boost Cash Flow
Cash flow is critical for your plumbing business. You need liquid cash for overhead, day-to-day operations, purchasing and upgrading your equipment, and more. Offering financing allows you to maintain and even improve your cash flow while increasing affordability for your customers.
United Consumer Financial Services delivers prompt payment to your plumbing business, depositing your funds within one or two days after you’ve completed the project; no waiting weeks for customer payment to come through. Once you fulfill the contract, you can expect quick reimbursement that puts your earnings in your hands so you can invest it back into your plumbing business.
Help Homeowners Upgrade Their Hot Water Heaters
A new water heater purchase and installation is a significant investment –– one homeowners can rarely predict. When it’s time to buy a new hot water heater, you want to empower your customers to choose the best option, not settle for the basics due to their budget restrictions.
Consumer financing helps customers upgrade their water heaters without disrupting their planned monthly spending or draining their savings accounts. Because they can pay off their purchase over years, they can choose higher-end products for just a few dollars more per payment. Financing allows you to provide realistic, affordable recommendations to best meet their needs at prices they can more easily afford.
Serve Your Customers and Build Trust
Customers have few options when purchasing big-ticket items like a new hot water heater. They can opt for an upfront cash payment, which is challenging, if not impossible, for many homeowners. Charging the hot water heater and installation service to a credit card is another option, but with credit cards come astronomical interest rates that ultimately increase total costs for the customer, unless the credit card balance is paid in full in that next month.
The best option for your plumbing clients is consumer financing. Offering financing shows that you’re invested in providing flexible options, which can build trust and rapport with your plumbing customers. And unlike credit cards with impossibly high APRs, UCFS provides consistent, reasonable rates that serve your clients.
When it comes to hot water heater purchases, payment options matter. Offering consumer financing provides realistic payment options for your clients, building trust and loyalty, which are crucial for the long-term success of your plumbing business.
Facilitate Immediate Hot Water Heater Replacement
When the hot water goes out, things can go downhill quickly for a homeowner. They don’t have hot water for laundry, dishes, and cleaning. But worst of all, a broken hot water heater means cold showers and baths for everyone in the house.
A broken water heater is an emergency. No one wants to put off replacing their hot water heater, and when you offer consumer financing, they don’t have to. Financing from United Consumer Financial Services allows customers to have their hot water heaters installed as soon as possible, even if they don’t have lump sum cash or don’t want to charge it to their credit card.
Consumer financing facilitates immediate hot water heater service or replacement so your customers can enjoy their showers again!
Hot Water Heater Financing Made Easy with UCFS
With United Consumer Financial Services, water heater financing is fast and simple.
UCFS offers a straightforward application with prompt notice of approval. From there, you can commence with the sale and provide clear instructions for loan repayment. Here are the steps:
- Enter the customer’s online credit application, or have them enter it themselves
- Receive near-immediate communication of credit application status
- For approved credit applications, the customer eSigns the contract right from their phone
- Move forward with the sale
- Get paid by UCFS within 1-2 days after the project is complete
- Consumer makes payments to UCFS through autopay for the life of the loan, starting 30 days after the contract is executed
With UCFS, there are no surprise fees for your business. We ensure consistent rates and reasonable APR for your customers and offer high approval rates that translate to success for your plumbing business and hot water heater sales. Contact us today to learn how consumer financing can serve your company and your customers.