Providing flexible payment options for your hot tub store makes your products more accessible so you can increase sales. Partnering with the right financing firm is key to supporting your sales and marketing strategy. Learn how to choose the best consumer financing company for your hot tub retail store.
Is the Application Process Fast and Simple?
Offering consumer financing for your hot tub retail business is an ideal way to serve your customers while increasing your revenue. Because buying a hot tub is a big financial commitment, shoppers need affordable, flexible payment plans that make building their home relaxation area possible. Consumer financing is the answer.
The application process is a crucial component of your consumer financing program. Shoppers browsing hot tubs or saunas can feel intimidated by the high cost. A 2-minute credit application and a prompt decision notice keep the sales process moving, reducing the likelihood your shoppers will change their minds or second-guess their purchase decision. Independent hot tub retailers need a financing partner that offers a smooth, simple, and fast application process to reduce friction in the buyer’s journey.
Convenience and ease often determine whether a shopper will take advantage of a financing program. If there are too many steps or the application takes too long, chances are the shopper will back out, and you’ve lost the sale. United Consumer Financial Services prioritizes speed and simplicity with our customer financing applications. Either a salesperson or your customers can complete the credit application. Your business will be alerted almost instantly with the credit application decision. After a shopper finalizes their hot tub selection, the salesperson can execute the contract, and the customer eSigns the contract from their phone or a store computer. Your salespeople can complete the sale with a “financing” payment type. Shoppers can take immediate advantage of financing to choose the hot tub or sauna they want and schedule delivery and installation right away.
United Consumer Financial Services understands the importance of timely credit decisions allowing you to capitalize on the excitement of a customer being able to make their purchase. Reducing time between the application and transaction completion streamlines the sale and helps keep shoppers engaged, excited, and committed to their purchase.
Does the Approval Rate Broaden Your Reach?
Most shoppers walking through your doors (or browsing online) need an alternative payment option. Cash payments may be unrealistic for many shoppers looking to add a hot tub to their backyard, and many individuals can’t, won’t or shouldn’t charge their purchase to a credit card because of impossibly high interest rates. Consumer financing is an affordable, accessible option for your customers. And to compete in this market, you need a financing partner that positions your business to cater to as many shoppers as possible.
The financing company you choose for your hot tub store should offer high approval percentages to maximize your reach. High approval rates translate to a broader customer base, resulting in more sales and higher average order values for your business. Competing retailers that offer limited payment options exclude consumers who can’t or don’t want to use a credit card or who don’t have cash reserves to outfit their back yard.
Shoppers buying a hot tub, swim tub or sauna want and need flexibility at the point of purchase. Provide it by partnering with a consumer financing firm that delivers consistently high approval rates. This will allow you to cast a wider net and engage with and serve more shoppers.
Do Repayment Terms Serve Your Customers?
Spa retailers must understand that payment options matter to their customers and their bottom line. Offering consistent, transparent repayment terms communicates that you value the customer, run a business of integrity, and prioritize their good.
United Consumer Financial Services ensures there are no surprises for your shoppers, maintaining consistent rates with reasonable repayment timelines. Revolving credit cards notoriously carry impossibly high APRs with low minimum payments, which can take more than a decade to pay off. And if a consumer is late with just one payment, the credit card company can increase the APR dramatically. Charging a hot tub purchase to a credit card can cause long-term harm to your customers, including thousands of dollars in unnecessary interest and the overwhelming stress of mounting credit card debt.
At UCFS, our financing options serve your customer, adding value to their purchase and increasing the long-term value of your relationship. Our reasonable interest rates, consistent terms, and low monthly payments increase the affordability of your fitness equipment without compromising the financial well-being of your customers. In addition, UCFS offers same-as-cash promotions, so your customers can pay of their purchase in a shorter amount of time and pay no interest.
Does the Financing Program Help You Sell More Hot Tubs?
UCFS’s consumer financing solutions are designed to draw in shoppers, improve the affordability of your hot tubs, and boost consumer purchasing power, all of which help you serve more clients. We simplify consumer financing for your shoppers and your team so you can focus on the tasks that require your time, energy, and expertise. Becoming a merchant is easy, and you can start today.
United Consumer Financial Services has served businesses like yours for 45 years. We are a division of Berkshire Hathaway, one of the most respected companies in the world. We know the unique challenges and needs of independent retailers. We have built our program to proactively meet those needs so you can focus on selling more and expanding your business.
UCFS offers
- Prompt payment in just one to two days after your customer signs their contract and buys their hot tub so you can invest your earnings back into your business almost immediately.
- U.S.-based customer support to assist you and your staff with our financing expertise.
- Staff training that equips your sales staff to effectively offer financing to help you sell more hot tubs and spas.
- Loan repayment management for the life of the loan, including customer follow-up and collections.
These are just a few of the many ways United Consumer Financial Services serves your retail business as you deliver financing support to your customers. Connect with our team to learn how choosing UCFS for consumer financing helps you serve customers with affordable retail installment loans that allow them to choose the hot tub, spas or sauna they want and need today.