Having the numbers is always in your favor. Neither you nor the customer are a fan of the unknown, and American Capital’s payment calculator is meant to be your tool in painting a very nice and realistic picture for your customers.
Once you’ve suggested financing with a direct lender like ACG to entice your customer to purchase from you, don’t stop there.
American Capital’s Payment Calculator is very simple to use. Just enter the dollar amount of the equipment they’re looking to buy, and monthly payments will show based on term lengths.
You can present this information in several ways, but based on this example, asking if they could afford around $650 a month (if on a four year term), could open possibilities for them. Not to mention, the profit your customer would make per month would exceed the cost of the monthly payment.
While this isn’t their exact payment number, it’s close enough to open their minds to the idea and it helps make your product seem more attainable to your customer. To get their personalized payment, they can easily apply without any hard inquiry, via your company’s referral page.
Remember, American Capital’s payment calculator helps you provide a solution to concerns about cost, and helps the customer get what they want. It’s your tool to get your customers open to equipment financing so you can close the deal on your equipment sale.