We recently partnered with an independent dealership, so they can offer an additional USP to customers.
What Was The Problem?
An independent dealership had established itself as high-quality provider of specialised commercial equipment in Leicestershire. They had built a strong reputation in the market and had received a lot of inquiries for business. However, the company had been struggling to convert some of these inquiries into actual sales due to their inability to offer finance options. While some customers had the means to make outright purchases, others were looking for flexible payment options that would make their purchases more manageable. The business had realised that not being able to offer finance options was hindering their growth and was losing them potential customers. Thus, they were looking for ways to address this issue and make their services more accessible to a wider range of customers.
Our Solutions
We are able to solve this problem by partnering with the business to offer finance solutions to their customers. We specialise in sourcing finance options to any business regardless of if the purchase is an asset or service. We work with a network of lenders and financial institutions to offer a variety of financing options tailored to the specific needs of each business. We can now provide the dealer’s customers a multitude of finance options taking care of all the paperwork, and the approval process, leaving the partner free to focus on running their dealership.
What Was The Outcome?
The benefits of partnering with us to source finance for the clients have taken multiple advantages. Most Notably:
Increased Sales: By having the ability to source finance the customers can afford purchases they might not be able to make otherwise, increasing sales.
Access to Larger Orders: Financing options have helped customers make larger purchases that they may not be able to afford outright, allowing the sale of higher-value products.
Attracting New Customers: Offering finance sourcing has helped attract new customers who did not consider the business before, expanding the customer base.
Improved Cash Flow: The dealership is paid upfront and in full for the equipment by the finance provider increasing cash flow compared to offering terms.
Increased Revenue: Partnering with us involves a fee split, creating an additional revenue stream for the dealership.
What Should I Do If I Am Looking To Partner With A Financial Expert?
Overall, partnering with a commercial finance broker like Knights Row is an excellent way to offer finance options to your customers and grow your business. To partner with us please get in touch.
Email matt@knightsrow.co.uk or call 0333 339 5905
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