The automotive repair and maintenance industry is both increasing revenue and becoming more profitable.
Automotive Repair and Maintenance Services Industry
The global automotive repair and maintenance services industry is projected to grow at a double-digit compound annual rate from 2015 to 2025, according to Future Market Insights. Such growth is based on the fact that the vehicle production is increasing and there is more demand from emerging markets.
The US automotive repair and maintenance services industry is comprised of nearly 160.000 establishments (single-location companies and units of multi-location companies), accounting for annual revenue of about $105 billion.
Without a reliable automotive repair finance program, your customers can’t find comfort in knowing they can afford their repairs. Take the time to research and find a reputable business loan provider to get the best for your business needs. Consider turning to firstamericanmerchant.com (FAM), an award-winning business loan provider and high risk processor that has an A+ rating with the BBB. First American Merchant offers a Merchant Cash Advance, ACH Program, High Risk Business Funding, and Consumer Financing, including Automotive Repair Consumer Finance.
Automotive Repair Consumer Finance
First American Merchant’s automotive repair consumer finance enables automotive shops to sell affordable payments, attract more customers, and grow sales. The financing boasts many unique benefits, and helps merchants attract more customers by helping customers pay for your product or service in an affordable way.
FAM’s automotive repair consumer finance allows for breaking down your total cost into affordable monthly payments, giving you the ability to become appealing to those customers who may not be able to afford the full cost of your product/service today. As a result, you become more competitive and able to fight the competition in the field.
FAM’s Automotive Repair Consumer Finance Features:
- Easy, online application platform giving credit decisions instantly
- Multiple lenders are integrated into one platform, allowing more approvals for your business
- Easily integrate FAM’s financing online into your website or e-commerce shopping cart
- Low borrower interest rates starting at 6.00%
- No minimum loan amount
- Top customer service and support
- Online system is integrated with electronic signatures
- Many 0% interest promotional offers available to borrowers
- No software, no hardware, no terminal, no downloads, and no equipment to buy
- Competitive merchant discount rates, absolutely no risk to you or your business
- No document collection needed to complete loans
- No merchant requirements
Thanks to First American Merchant’s automotive repair consumer finance, you’ll be able to offer your customers the necessary purchasing power to complete the automotive repair they need. The financing features competitive rates and fast payment turnaround times, which will enable you to carry on business as usual, while increasing sales.