automotive repair financing – Consumer Finance

All you needed to know about appliance financing!

automotive repair financing, consumer finance

Need a new HVAC but don’t have the funds right now? Don’t worry, you can always take an appliance loan! Well, if you do not have ample funds for an upfront purchase, appliance financing becomes an ideal alternative for you. The private lenders mostly provide such loans, and the terms & interest rates of the loan can vary from one lender to another. Another impressive thing about an appliance loan is that it does not have the same impact on credit scores in comparison to a credit card while purchasing a new appliance. These are not all though, there are plenty of other things that you must know about this financing option before you apply for one.

How to get an appliance loan?

The appliance loans are easily accessible if you opt for private lenders. At the reputed financing companies, you can apply for appliance financing at any time as its processing can be done even through online platforms. There is no need for you to put together countless financial records and documents either, which means, that you can get a loan to buy any urgently needed appliance at any time of the day without much delay.

Many private loan lenders operate online and require only basic documentation, thereby making the whole process less complicated. After the application process is completed, the lender will update it within 24 hours. If they need more details regarding you, they will make a verification call and talk to you. Once the verification is done, they will send you a promissory note or a simple contract to get it signed up. As soon as the signature procedure is done, they will dispatch the amount of money to your account within a week or within two to three working days depending on the policy of the agency you are opting for.

Why opt for appliance financing?

No credit checks

With an appliance financing loan, you will be able to purchase a new appliance at low, monthly, or weekly payments. You do not need to have a good credit score to decorate your apartment with the appliances of your choice. Also, in case of poor credit scores, several individual stores might reject your request for financing options, which is why it is best to opt for a financing company instead of relying on the appliance stores.

Return of appliance without harming credit score

Suppose, in the future, you no longer need some of the appliances, or you simply can’t afford the EMIs; in such a situation, appliance financing allows you to return the items without getting penalized or harming your credit score.

Fair interest rate

Purchasing expensive appliances with a credit card is a bad idea since it can increase the utilization rate and damage your credit score. Opting for appliance financing from a reputed company like Zip Loan is a much better option as they provide the consumer with affordable loans without any hassles. The interest rate can go as low as half of what the credit cards charge, making it a very favorable choice for financing electronic gadgets as well as furniture for both residential as well as commercial properties.

The final verdict!

Appliance loans come with fixed monthly payments that you can choose as per your convenience as well as eligibility. The payment must be done within the pre-set amount of time though, to prevent any debt accumulation. So don’t waste your time anymore! Reach out to Zip-Loan to avail numerous lucrative appliance financing options and get all the appliances you need today.

What Your Broken Down Car Can Do For You

automotive repair financing, consumer finance

There’s a long day ahead of you.

-Pick up the kids from school

-Take them for football practice

-Attend a soirée with your partner

You are done with dropping the kids at school. Now, you need to get to work but avoid daily traffic. You plan your day while taking the next left onto the highway. The vehicle slows down in the middle of the highway. Your car has broken down. You are stuck at a point where the rapair garage is not until a few miles away.

This should have been the least of your troubles. The repair will take time so your partner will have to pick up the kids from school, and take them to football practice. Now, your partner’s schedule has been ruined.

How does automotive repair financing help?

You call professional services to take your car to any car repair garage. After this, you hail a taxi to get back to the day’s work. The next thought reaching out from the back of your mind is the cost to be incurred for the repairs. You still don’t understand the extent of damage.

A reliable automotive repair financing program is thus, required in order to secure your vehicle and state of mind.

Our financial lenders can cover cost involving:

Auto Repair & Service
Tires & Rims
Car Audio
Collision Repair & Custom Work
Transmissions
Engines, Brakes & Tune-Ups

No minimum amount loan for automotive repairs

One of the features of automotive repair financing that you will benefit from is the fast payment system and high quality customer service. You will get instant credit processing with multiple ledgers. The interest rates are flexibly affordable as well.

You will get merchant discount rates depending on the loan service selected. There will not be any merchant requirements; and also zero risks associated. Other financing options include car audio and auto parts financing.

What if you want to buy a new vehicle?

You must have heard of consumer goods financing. Well, it helps here as well. Here’s how.

The car you own keeps breaking down and you don’t want to opt for another repair loan.

In that case, you most definitely want to sell the old vehicle and buy a new one.

You could use a car exhange offer but it won’t exactly cover the total expenses for the new purchase.

Zip-Loan offers customer loans also known as consumer goods financing.

The following costs will be covered:

Electronics
Appliances
Bicycles
Car Stereo & Alarms
Musical Instruments
Other Products Over $500
Exercise Equipment & Sports Equipment

You will get easy access to credit for emergency expenses, including rewards for paying back on time. Added bonus – a convenient interest rate and zero collateral.

Your broken down car can be repaired using the repair loan backup. On the other hand, you could simply buy a new one through consumer goods financing. Whatever you decide, Zip-Loan is here to offer you a flexible and convenient capital advantage.

Need for consumer goods financing For Automobile Repair Business

automotive repair financing, consumer finance

Owning an automobile repairing company is a challenging business and comes with a fair share of hurdles. But as you know, the more difficult levels bring more opportunities. That is why you would prefer to invest your time and money in the auto repair business. In the last year, 2019, the auto repair industry generated a revenue of $69 billion . So you have a good opportunity to make money.

Need for money

So the first question that will crop up in your mind is, what are the cost heads that make the business need such a huge capital for a start-up? To be precise, there are three categories for investment in the business.

Equipment

When you have to buy the right equipment for repairing the vehicle lifts, air compressors, or engine hoists, the investment will be high. The price tags are quite high for the equipment, and the maintenance cost is equally high. The more smart tools you can get, the better will be the repair work. You have to adapt to the latest technology and tools to diagnose the issues and find eh solutions. Without automotive repair financing, it won’t be possible to invest in the premium quality of equipment.

Rent

In this particular industry, your shop location matters a lot. Being in a prime location with heavy traffic always gives you a better opportunity to get business. More cars will bring in more customers when someone owns a car, and there will be glitches. The rent for space will be high as you have to arrange for a bigger parking area for storing and working on the cars.

Insurance:

The insurance premiums for covering the liabilities of car repair are not at all cheap. So, the expenses of the services are also equally high. So you should not increase the service charge for the clients anymore to support business expenses. With the help of financing, you can manage without increasing the service charge.

Finance for goods

When you want to purchase a few products but don’t have the money, you can apply for consumer goods financing. It is also a good way to purchase equipment for the business or some tools which are expensive, and you do not want to spend the money now. The best part is the reward or perks that you can enjoy if you can repay the amount within the stipulated time. But you have to assess the condition cleverly before making the decision.

For instance, you need to repair a piece of expensive equipment immediately. But you cannot afford to do so now. What if you get the option to have the finance without any collateral and at a convenient interest rate? Well, it will be a better option than taking another business loan.

A better option

On pairing up with a quality company like Zip Loan, you can easily get the loan and that too, at attractive discount rates, which won’t burden the business. Repaying these small loans will be easier than repaying a business loan if your requirement is low.

Everything You Need to Know About Consumer Goods Loans

automotive repair financing, consumer finance

Consumer Goods Loans are effective solutions for common people to buy home appliances, vehicles, electrical appliances, electronics, and other such items at easy installments. People generally take up these kinds of loans for buying automobiles, house appliances, kitchen appliances, and others. Another important factor is that consumer goods financing applies only to the products or items that have a warranty on it.

How Does the Consumer Goods Loan Work?

The consumer goods loan is processed easily and directly to the account of the seller without the interference of the customer’s account. After the payment is made, the customers will be signed up for the repayment in installments.

The installments are decided upon the interest value and the period of repayment chosen by the customer or consumer. The consumers are allowed to choose a tenure of up to 24 months while availing consumer goods loans. Different institutions offering consumer goods loans might have a different rate of interest and repayment tenures. The auto loan repayment tenure can be up to 2 to 7 years and are typically a secured type of loans.

You can also give some amount of the total money as a down payment to reduce the installment amount and the interest money. Most of the consumers prefer clearing the maximum possible amount by giving the down payment, after which a minimal amount remaining is put up for repayment in installment as per the loan aspects.

There are many such goods that a normal family cannot afford with one-time payment schemes. Therefore, this is a vital option for those individuals who want flexible payment schemes over one-time.

What are the Documentations Essential for Getting Consumer Goods Loan?

There are not many documents essential for the process, as you just need to show identity proof, address proof, and income proof. These are the only things that you will need to produce to the financial institutions for availing the consumer goods loans in no time.

For buying some of the bigger products such as automobiles, you might need to produce your bank statements as well. But for the smaller devices, appliances, or others, these documents might not be asked on a strict basis.

Reasons to Consider Consumer Goods Loan

Here are some of the reasons for which you must consider consumer goods loan on priority:

You get an additional payment method for buying your favorite goods.
The approval rate is fast, and you can make same-day purchases.
You can also avail auto-pay options so that you do not need to manually pay the monthly installments again and again.
Some institutions offer No Cost EMI for a stipulated tenure for the consumers to avail.

These are a few of the things that you must know about consumer goods financing from any of the professional financial institutions. Zip Loan is one of the popular financing firms that offer consumer goods financing solutions at a low-interest rate. Not only that, but you also get other finance solutions such as automotive repair financing, business loans, and others. Reach out to them to know more about them today.