On Friday, how many of those "hang-around" cars do you have sitting in your parking lot that have been waiting for the customer to pay?
How many jobs did not get collected this week because the customer could not come up with the money?
Few of our customers expect a transmission or major engine failure.
"I didn't budget for this."
"Cash is tight. I really can't afford to fix my car right now."
"I think I am going to just buy another car."
"Let me talk to my wife."
Some shops hear this almost every day. Sometimes the customer is too proud to say it and never shows back up.
If you are a transmission repair shop, how do we keep more of these customers from going the "used transmission" or "used engine" route or going to a car dealer to trade in their vehicle?
Several ways:
- Provide better financing programs for customers.
- Provide finance programs that are not based on high credit scores.
- Provide no credit check financing.
Each car on your lot has a story. The longer it sits there, the longer the story gets! But the bottom line is that you have a car taking up parking space and the money is not in your bank.
You can try getting them approved through ARC90 with no credit check. Customer needs:
- Steady income (paystub)
- Valid checking account. No overdrafts (bank statement).
- 25% down (check)
If approved, you can get advanced up to $1500 or $2500 on the job. It's free to try and is very easy for both you and your customer.
How easy? Simply call your customer and have them bring you a paystub, their last checking account statement, a check and their ID for an approval.
If approved, you tack on 9% to the bill, customer pays 25% down, you have the ability to get funded $1500 or $2500, and you are good to go.
The customer will make weekly or bi-weekly payments for 6 months on the balance direct to the finance company. If your job price exceeds the advance, you will get funded the rest as the customer pays.
Plus you can get more customers. If a customer in your area comes to RepairFinancing.com looking for no credit check car repair financing, we will refer them your way! Ask about our referral program.
The Numbers and Costs:
- No signup fee, waived for auto repair/transmission repair shops.
- No monthly fee
- No monthly minimums
- No equipment to buy
- They take 9%. Build it into your price
ARC90 can take the hassles of post-dated checks and collection nightmares away--while you can get funded in advance on certain approvals.
