Financing

Question 1

Which of the following are typical examples of financing options? (check all that apply)

12 months deferred payments

6 months, no interest no payments

I hope someone pays me by next Thursday.

72 months, monthly payments, 9.99% interest

Answer 1

12 months deferred payments

6 months, no interest no payments

72 months, monthly payments, 9.99% interest

anything with payment & terms agreed upon with customer

Question 2

True or False: Financing jobs, by definition, means that I am funding the job in advance and hoping the customer pays me later.

Answer 2

False

Question 3

True or False: It is not worth offering financing because it is going to cost me money.

Answer 3

False

Question 4

What are some of the benefits of offering financing? (check all that apply)

Increased average job size

Increased Close Rate

Land more jobs

Allows me to see people’s credit score so I know what they can afford.

Answer 4

Increased average job size

Increased Close Rate

Land more jobs

(never prejudge someone for financing!)