And it offers some great advantages over 100% cash upfront transactions – for you and your clients. You can offer clients financing on almost any business equipment or car purchase through Zenith Finance.
4 big benefits of vendor financing:
1. Avoid heavy discounting
By offering an attractive financing plan you don’t have to rely on discounts to make a sale. In fact, many vendor financers sell “add-ons” with the product and increase sales volume.
2. Protect and boost sales margins
Agreed payments over a set period mean you will often increase your bottom line profit on the equipment, car or product.
3. Close more sales
When you have the option to tell customers that they can pay, say $600 a month over 5 years rather than $33,000 today it gives you a real advantage over your competition.
4. Become more valuable
By offering vendor finance you don’t just solve your client’s equipment, product and vehicle problems, but their payment concerns too. You become a one-stop total solution.
How a cash sale vs monthly payment looks
To explain how vendor finance can make your business more appealing to clients, let’s take a look at a simple scenario:
- Company A only accepts upfront payment of $33,000.
- Company B offers vendor financing, giving their client the option to use the equipment for only $140 per week and then own it after 5 years.
Who can you offer our vendor financing to?
There are four requirements. You can offer Zenith Finance financing to businesses that:
- have been operating for 2 years or more
- own property
- have a good credit history
- are profitable.
Like to find out more about our vendor finance products?
Call our team on 1300 288 874 today or download our vendor finance benefits guide.