Most HVAC contractors offer financing to their customers. Are you a contractor who wants to provide financing to your customers but don’t know anything about it? Here’s how to offer financing as a contractor.
Why offer HVAC financing? Most contractors provide financing to their customers to maximize their sales efforts. Most homeowners can’t afford upfront payment for an expensive HVAC unit, so they really on HVAC financing programs to ensure they get the best possible unit so they can enjoy a cooler or warmer temperature at home.
How does financing work? To put it in simpler terms, HVAC financing is using your loan to pay off your recently-bought HVAC unit. There are many ways to pay your loan, and most of the time, it is an excellent option as you can deal with reduced monthly payments when you go for longer years.
There are many ways on how to offer financing as a contractor; you can either give them a wide variety of options such as 0% card offers or no upfront payment. Most people who want to have a new HVAC unit will most likely go to the no upfront payment route, and that’s okay. You can also offer your customers loans that don’t require equity so they can have their HVAC unit. Remember, it’s your choice on what you can provide to your customers to maximize your sales efforts.