If you are wondering about HVAC financing for contractors, you may have a lot of questions about whether or not offering such financing is worth it. In this video, you will learn about the pros and cons of doing so so that you can make the right decision. If you do decide to go through with it, the end of the video will also teach you how to sell financing to homeowners.
There are two types of financing that you will have to know about because they work a little differently from each other and have their own pros and cons. There is in-house financing and financing that uses an outside company.
If you are a smaller firm, it would probably be better to use the in-house option. The video will then go through the pros and cons. For example, the longer the time it takes to get approved, the less likely a deal will be struck, which wastes a lot of time. On the other hand, it is convenient and a great way to enable people to buy something they can’t afford at the moment, so you get more customers.