What’s the benefit of offering pool and hot tub financing over using a credit card?
When it comes to making large purchases such as a pool or hot tub, offering financing is usually a more attractive option than letting your customer pay with a credit card. This is mainly due to one reason, the interest rate. A typical credit card offers an interest rate of close to 20% which is much more than the typical interest rate Financeit provides. This difference in interest rates can save your customer hundreds in interest.
I usually take a deposit or down payment - how will that work for financing?
When a customer wants to provide a certain lump sum payment, simply subtract that deposit from the total amount requested for financing. Therefore, lowering their monthly payment as less money will be borrowed.