Are you one of the many business owners that want to offer a financing option for their tire shop customers? If so, you’re not the only one. One of the biggest requests from tire shop owners is for merchant providers to offer some sort of financing program for their customers. For First American Merchant, one of the most requested from our merchant base was a “90 days same as cash” program for customers.
Why Offer Tire Shop Financing?
Dependable tires are a must. If you want to keep you car running safely on the road, you need to have good tires. Frequent flats can cause you to miss work, important appointments and family events, not to mention is dangerous. As a tire shop owner, you understand the importance of keeping your customers educated on the best products and purchasing new tires before something happens.
However, not everyone has the extra cash to go out and purchase tires. For many, having a flat tire couldn’t have come at a worse time. Offering a financing solution for your customers ensures they can purchase tires when they need to. You can also find a solution that allows you to offer financing for customers with bad credit. You can keep your customers safe and prepared, regardless of their financial situation.
A Financing Solution that Helps Your Business Grow
The team of experts at First American Merchant have developed a solution that offers your tire shop an unmatched opportunity for growth.
- Offer your customers 3, 6, or 12-month financing.
- You get paid for the entire amount of purchase within 3 days.
- There is no risk to you if the customer does not pay.
- Customers can finance up to $5,000.
- Bad credit approved.
Rates range from 6.00%-24.00%
The program is simple. Your customers can easily get the financing they need – all that’s required is a personal checking account. After answering a few simple questions into a credit card processing terminal, they will either be provided an authorization number or a decline. If approved, monthly payments will be automatically debited from their account. (The interest they pay is based on your business type.)
How does your business grow from offering this option? You can surcharge the interest rate and make additional revenue from financing fees, making it an ideal solution if you want to increase revenue through add on sales and impulse purchases. For a tire shop, this program is a great option because many of your customers need to make a quick purchase but do not always have money available.
In addition to offering tires financed bad credit, First American Merchant provides financing programs for automotive repair, automotive parts, rims and auto sales (new and used). The setup process is fast, simple and hassle-free. Offer your customers the best payment processing solution and financing program to make sure they have everything they need to keep their vehicle safe.
The application process for First American Merchant’s financing program takes just minutes to complete. Enjoy the support of a team with years of experience in offering the very best merchant services for small business owners.