Why offer finance?

What are the benefits of offering finance?

Offering finance options to your customers can significantly enhance their purchasing experience and boost your sales.

By providing flexible payment solutions, you make it easier for customers to acquire high-value products or services without needing to pay the full amount upfront. This approach not only increases the likelihood of closing sales but also expands your customer base by making your offerings more accessible.

Financing options can improve customer satisfaction and loyalty, as they allow for more manageable payments and help customers align their expenditures with their cash flow.

At One Source Finance, we are a dedicated team of finance professionals who pride ourselves on a service-first approach to helping you grow your business by ensuring your finances are working as hard as you are.

Our approach is simple: we move fast, provide exceptional value, and specialise in securing funding even in challenging circumstances where others may struggle.

Providing your customers with a finance option helps address short-term budget constraints, making it easier for them to proceed with a purchase. This approach not only increases your conversion rates but also filters out prospects who aren’t ready to commit.

Allowing customers to spread payments over time can significantly boost their spending potential. Without the need for an upfront lump sum, they may spend up to 50% more with you.

Excellent service combined with proactive communication as agreements near expiry can encourage customers to renew their leases rather than making a one-off cash payment. This fosters greater loyalty and improves retention rates.

Offering finance options can deepen your engagement with customers by involving you in discussions with key decision-makers. This enhanced interaction helps you better understand their needs and future requirements.

Our predictable payment structure ensures they can plan and allocate resources with confidence, avoiding the uncertainty of variable costs. By maintaining consistent payment amounts, they can better control their financial planning and avoid surprises.

Your customers can invest in essential assets and services without being constrained by their immediate capital availability. By spreading the cost over time, they can make necessary investments without impacting their current budget or depleting their available funds.

Many private organisations can gain substantial tax advantages from financing, as finance payments are often 100% tax deductible, unlike cash purchases. Additionally, in many cases, VAT costs can be spread out in instalments rather than being paid as a lump sum upfront (excluding Hire/Purchase Lease agreements).

Financing allows your customer to keep their capital working effectively, enabling them to upgrade assets more frequently and strategically. This approach helps them avoid large, unplanned write-offs and mitigates the risk of using outdated or obsolete equipment, ensuring their resources are always invested in the most current and effective technology.