Discounted and 0% Finance

What is Discounted Finance?

Discounted and 0% finance arrangements actually don’t exist. When a vendor offers this to their customers, they are really providing a ‘blind discount’. On 0%, this discount is equal to the sum of interest repayments on a finance agreement.

In effect, the vendor of a product or service is relinquishing some of their margin to counter-act any interest. The extent to which this interest is countered determines whether the finance is discounted or 0%.

If the vendor relinquishes an amount of their margin which covers some of the interest, but not all, this is discounted. If the vendor relinquishes an amount that is equal to all of the interest, it is 0%. This can be used by the vendors of products and services with a wide profit margin.

0% Finance

Why should I offer discounted finance?

Increase Your Sales

Our research has shown that companies which offer finance can see a sales increase of up to 63%. This could give your company the income boost that it needs to grow and invest.

Gives Sales Traction

If your sales are stalling, using discounted finance can give your sales traction in a similar way to discounting. It gives products and services added appeal, catching the customer’s eye.

Becomes Part of Your USP

Giving your customer the option of discounted finance can become part of your USP. This can give you an edge on your competitors when you serve in a crowded market.

Useful for New Product Launch

When launching a new product, it can be wise to adopt a loss leader approach. Discounted finance can allow you to do this without leading your customers to expect discounts.

Increases Customer Retention

When your customer gets a taste of your products and services at an affordable monthly cost, they will be hooked. So, when their term comes to an end, they will likely seek a renewal or an upgrade.

Payments Remain Fixed

With discounted finance, the repayments on a finance agreement stay fixed for the whole term. Your customer does not need to be concerned by uplifts in interest rates.

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Why should I offer discounted finance?

Increase Your Sales

Our research has shown that companies which offer finance can see a sales increase of up to 63%. This could give your company the income boost that it needs to grow and invest.

Gives Sales Traction

If your sales are stalling, using discounted finance can give your sales traction in a similar way to discounting. It gives products and services added appeal, catching the customer’s eye.

Becomes Part of Your USP

Giving your customer the option of discounted finance can become part of your USP. This can give you an edge on your competitors when you serve in a crowded market.

Useful for New Product Launch

When launching a new product, it can be wise to adopt a loss leader approach. Discounted finance can allow you to do this without leading your customers to expect discounts.

Increases Customer Retention

When your customer gets a taste of your products and services at an affordable monthly cost, they will be hooked. So, when their term comes to an end, they will likely seek a renewal or an upgrade.

Payments Remain Fixed

With discounted finance, the repayments on a finance agreement stay fixed for the whole term. Your customer does not need to be concerned by uplifts in interest rates.

What can I offer discounted finance on?

You can offer discounted finance on a wide variety of products and services. These can include anything from vending machines to solar panels. Here are the industries we cater to:

Hardware, software, telecoms, audio visual equipment, CCTV, alarms systems, and vending machines.

Refurbishments, designs, dilapidations, labour, cabinets, chairs, desks, and furniture.

Solar PV, Biomass Boilers, Ground Source Heat Pumps, Air Source Heat Pumps, Space Heating, and LED Lighting.

CNC, cutting and drilling machinery, compressors, hydraulic lifts, robots, conveyors, cranes, fork lifts, and excavators.

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What can I offer discounted finance on?

You can offer discounted finance on a wide variety of products and services. These can include anything from vending machines to solar panels. Here are the industries we cater to:

Hardware, software, telecoms, audio visual equipment, CCTV, alarms systems, and vending machines.

Refurbishments, designs, dilapidations, labour, cabinets, chairs, desks, and furniture.

Solar PV, Biomass Boilers, Ground Source Heat Pumps, Air Source Heat Pumps, Space Heating, and LED Lighting.

CNC, cutting and drilling machinery, compressors, hydraulic lifts, robots, conveyors, cranes, fork lifts, and excavators.

Sign Up For Your FREE Sales Performance Review

Fill out your details below and we’ll book you in for a FREE no obligation sales performance review and send you our Sales Booster Pack.

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Access Our Synergi Partner Portal

Closing sales using finance has never been easier with our award-winning Synergi Partner Portal. It is also FREE to use and instantly provides access to over 100 UK and European lending streams.

Quick Finance Quotes

Instant Credit Appraisals

Close Deals Faster

Get Paid Quicker

Access Our Synergi Partner Portal

Closing sales using finance has never been easier with our award-winning Synergi Partner Portal. It is also FREE to use and instantly provides access to over 100 UK and European lending streams.

Quick Finance Quotes

Instant Credit Appraisals

Close Deals Faster

Get Paid Quicker

Synergi Partner Portal

Our specially developed, award-winning portal is specifically designed with our introducing partners in mind. Within just a few clicks, our partners can formulate a quote and then credit appraise their prospect to support their sale.

When the prospect agrees to go ahead, our partner can convert the quote into a deal. After that, they can track it through the underwriting, documentation, and payment processes. Transactions are therefore swift and often completed, from start to finish, within hours.

Quick Finance Quotes

Searching for a prospect to start the quoting process is simple and quick with the portal. This is due to its integration with Companies House.

The system is geared up to produce a quote that is specific to the vendor’s industry. Meanwhile, it will be soft checking the prospect, ensuring they meet our minimum credit criteria.

Instant Credit Appraisals

The portal is also integrated with Credit Safe, an online credit reporting company. Therefore, a vendor can request an instant appraisal of the prospect’s credit history, assessing their suitability for finance.

Track The Deal

While we are managing the transaction, a vendor can login and track it through the portal. This then provides the vendor with great visibility.

In addition, they can communicate with us via our messaging system, should they need to.

Convert Quotes to Deals

When the prospect agrees to move ahead, the vendor can convert the quote into a deal ready for underwriting.

All that we then require is a little more detail on the prospect. What we are financing? And also, who do we need to speak with? Just a few details so that we can complete our checks and documentation.

E-documentation

All of our financial transactions are completed via e-signable documentation. This then makes the deal swift and secure.

Get Paid Quicker

Finally, a vendor can quickly upload their invoice to the portal in readiness for the equipment’s delivery. After that, the vendor will typically receive payment within 24 hours.

Synergi Partner Portal

Our specially developed, award-winning portal is specifically designed with our introducing partners in mind. Within just a few clicks, our partners can formulate a quote and then credit appraise their prospect to support their sale.

When the prospect agrees to go ahead, our partner can convert the quote into a deal. After that, they can track it through the underwriting, documentation, and payment processes. Transactions are therefore swift and often completed, from start to finish, within hours.

Quick Finance Quotes

Searching for a prospect to start the quoting process is simple and quick with the portal. This is due to its integration with Companies House.

The system is geared up to produce a quote that is specific to the vendor’s industry. Meanwhile, it will be soft checking the prospect, ensuring they meet our minimum credit criteria.

Instant Credit Appraisals

The portal is also integrated with Credit Safe, an online credit reporting company. Therefore, a vendor can request an instant appraisal of the prospect’s credit history, assessing their suitability for finance.

Track The Deal

While we are managing the transaction, a vendor can login and track it through the portal. This then provides the vendor with great visibility.

In addition, they can communicate with us via our messaging system, should they need to.

Convert Quotes to Deals

When the prospect agrees to move ahead, the vendor can convert the quote into a deal ready for underwriting.

All that we then require is a little more detail on the prospect. What we are financing? And also, who do we need to speak with? Just a few details so that we can complete our checks and documentation.

E-documentation

All of our financial transactions are completed via e-signable documentation. This then makes the deal swift and secure.

Get Paid Quicker

Finally, a vendor can quickly upload their invoice to the portal in readiness for the equipment’s delivery. After that, the vendor will typically receive payment within 24 hours.

Sign Up For Your FREE Sales Performance Review

Register and we’ll book you in for a FREE, no obligation sales performance review. We’ll also send you our Sales Booster Pack.

Sign Up For Your FREE Sales Performance Review

Fill out your details below and we’ll book you in for a FREE no obligation sales performance review and send you our Sales Booster Pack.

Sign Up

Sign Up For Your FREE Sales Performance Review

Register and we’ll book you in for a FREE, no obligation sales performance review. We’ll also send you our Sales Booster Pack.

Sign Up For Your FREE Sales Performance Review

Fill out your details below and we’ll book you in for a FREE no obligation sales performance review and send you our Sales Booster Pack.

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