THE INDEPENDENT EDGE
Second-Look Financing – You Can Still Close That Sale!

Everyone knows that more customers means more sales and more profits in the end.  When your customers feel comfortable buying from you, and know you are looking out for them, they often turn into repeat customers – who also talk to their friends and community members.  Catering to your customers can be a WIN-WIN-WIN-WIN…. situation!

When a customer who is ready to buy doesn’t qualify for a Primary Financing offer, what are their choices?  To answer that, I’ll follow up with another question:  What are your choices?  (Hint: You have several with Nationwide Southwest – America’s Marketing Group!)

Our Second-Look and Tertiary Financing solutions through choice vendor partners will help you turn an awkward moment into a SALE!  Check out our vendor partners and some of their program highlights below.

Kornerstone Credit

Our Member Retailers enjoy benefits from Kornerstone Credit like dedicated account managers and real-time sales support for your sales team, POS integration and special dealer incentives like rebates and marketing credit at signup.  For your customers, you can boast up to 18-month financing terms for lines of up to $5,000, quick decisions in 3 minutes or less (the average if 15 seconds!), low initial payments and mobile-friendly, hands-free application process! Once approved, funding happens within 24 hours.

American First Finance

With a customer approval rate of up to 80% including no money down, flexible terms up to 24 months with early payout options, and a fast application process for consumers to utilize from almost any device, American First Finance proves a strong vendor partner for NSW-AMG’s Members.  They also feature a browser-based portal for kiosks, a customizable dealer portal, a responsive call center, real-time reporting for our Members to check at a glance how sales are doing.

Genesis Credit

The newest second-look financing vendor partner for NSW-AMG, Genesis Credit provides industry-leading solutions.  Affordable products with flexible financing and exceptional customer service help you show your customers they are first in your book!  Genesis focuses on customers with FICO scores from the mid-500s through 700, with an acceptance rate of over 80%.  They also have a Waterfall Integration into the Synchrony Business Center at no additional cost.  NSW-AMG Members get special considerations for minimum volume requirements and Member-Exclusive pricing!

UOwn Leasing

NSW-AMG’s long-standing program with UOwn Leasing allows our Members the ability to offer simple, straightforward lease-to-own payment options to help customers purchase quality merchandise from reputable merchants like you!  With no cost to the dealer, information protection, and staff training, Member Dealers can reap benefits for their business while their customers enjoy benefits like: no down payment, payments from weekly, bi-weekly, semi-monthly, and monthly terms, as well as early payoff discounts!

Tempoe

Instant decisions and easy payments without credit – Tempoe offers this and more to the customers who shop with NSW-AMG Members who offer their program.  Their instant approvals are good for 30 days and payment plans allow customers to pay monthly, bi-weekly or weekly.  After 5 months, the customer can choose to purchase the item early.  Tempoe is a great way for our Members to help their customers get what they need, when they need it.

Fortiva Retail Credit

With over 20 years’ experience, Fortiva Retail Credit has been helping dealers earn more approvals, and these days does so with decisions in less than 10 seconds!  They feature POS Integration with STORIS and others, while offering flexible technology that is fast, easy, and paperless.  Their non-prime financing solutions help retailers save the sale with custom financing solutions that meet your business needs as well as your customers’!

As you can see, Nationwide Southwest – America’s Marketing Group has some stellar vendor partners when it comes to finding an alternate financing solution when Primary financing providers turn down a customer.  Within seconds, you can have another application to a Second-Look or ‘waterfall’ vendor partner and still make the sale a reality for your customer and your business!

 

Contact your Member Business Advisor today for more information about our Secondary and Tertiary financing options!

By: Allicia Hendrix, Marketing Specialist – Nationwide Southwest, America’s Marketing Group