Why Your HVAC Business Should Offer Financing

If you want to grow your business, increase your average ticket size, and gain more customers, look no further than BuyFin.

BuyFin offers consumer financing options for HVAC contractors and can help your business achieve all these things and more.

BuyFin Consumer Financing offers many different features and functionalities to help your business gain and retain customers and increase revenue. Here are just a few.

Five-Month Purchase Window

BuyFin offers a five-month purchase window for all loans. Once your customer is approved for a loan, they can finance any and all jobs done through your company with that same loan for five months.

Here is an example of what this may look like. Your customer contacts you because their HVAC system needs to be replaced. They apply for BuyFin Consumer Financing to pay for the job. The job is complete, and the customer is happy with the results. Three weeks later, the customer realizes they want to purchase more filters or have their ductwork cleaned. Since the job is within that five-month window, they can add those two additional jobs onto the initial loan they opened.

This five-month purchase window will help your customers if they have additional work that comes up within that time period. Your business can also proactively market to customers who have funds left on their loans to see if there is any additional equipment, repairs, or services they can capitalize on before the five-month window is up. Learn how one HVAC and Plumbing company plans to use the 5-month purchase window in their marketing efforts to increase their sales.

Customizable Rate Sheets

BuyFin offers more than 30+ loan options for your business. You can select the loan options that best fit your business and your customers’ needs.

Better yet, as your techs are in the field talking to customers about financing, they can select the loan option that best aligns with the customer’s needs and send them a customized application showing just that loan option. The ability to do this can help you win more business and will lead to happier customers since you are giving them the payment plan that fits best into their budget.

Easy Application Process

The BuyFin application process is easy from a business onboarding perspective and a customer application perspective. The BuyFin application is 100% paperless and digital, meaning your techs can send a link to your customer’s phone or email directly at the job site. The ability to do this will empower your techs to do more from the field and rely less on your back office.

The customer can then fill out the application independently from their phone, computer, or tablet, taking the technician out of the process and letting them focus on completing the job they were called in to do.

This also gives your customers a better experience since the tech can handle most of the administrative tasks. Your techs will complete the job quickly, which will result in more money in your pocket and happier customers.

Like what you hear? Contact BuyFin to learn how we can help your business grow through our Consumer Financing options for HVAC contractors.