As a supplier, you want your business to provide options to suit all of your customers. Your amazing products already do this, but have you considered the way they’re paid for? More and more people are turning to finance options to renovate their office spaces rather than upfront payments, and in this blog, we will run down why.
There are multiple ways that a unique finance option can increase affordability for clients and therefore drive sales for you. This might include leasing with a low start repayment option. For example, Tower’s “BUILD” program helps customers manage cash flow when investing in new equipment by offering an option to pay in smaller amounts for up to six months of the agreement. These payments are much more manageable and less daunting to new customers who need to be wary of their finances.
By having more finance options, customers feel freer in their investment because they can spread their cash flow to fit their needs while you can provide a finance quote that is tailored specifically to them. This is far more appealing than a fixed cash quote that a customer may reject straight away. Having the option to pick between the two grants a feeling of liberty and freedom to the buyer. What’s more, with a lease agreement, customers can upgrade the equipment any time during the lease period, meaning they are not stuck in a limiting contract that does not give them the options they require.
All of the aforementioned result in a more confident and assured buyer. This is especially important in the wake of the pandemic, where investing in new office equipment is a riskier move than ever before, with precarious finances driving anxiety. Offering affordable and flexible finance options is a unique way that suppliers can increase confidence in the buyer that your company is behind them and supports their needs.
Finance office renovations – find out more
Compared to some assets that people have been traditionally using finance options for, like technology, reprographics and vehicles, Fit Out Finance is possibly the least well known. Utilising finance options for this type of asset has become increasingly popular as it gives companies the opportunity to spread out the cash flow implications of what can be a significant cost to a business. Not only are there the cashflow benefits, there can also be some wider tax implications both over the short and longer term.