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How does the Financing feature work?

Configuring the financing options for your account

At the end of your buying Journey you're able to show your customers the Financed price of your systems. We give you a few ways of calculating and displaying these financed rates to your customers. You can use the instructions below to toggle all the available features. 

 


How do I enable Financing?

Visit the Contractor Commerce Dashboard and navigate to Settings > Shop / Store > Financing > Enable Financing 

 


How do I configure the Financing options?

You will simply enter the best possible Rate Per Year and Period available from your financing could offer a qualified customer. Our system will use the combination to calculate the financed price displayed as an "as low as $" in Journey quotes to your customers. 

*The financed price is for display purposes only and will not affect the actual rate your customers pay after approval*

 


How it will display in your Journey:

 

You can also Disable Pay In Full from this section. Turning this off will remove the full Estimated Price from displaying in your customers quote. They will only see the As low as $ pricing. 

 


Custom Financing HTML

We have the ability to display your Financing providers in an iframe through the use of HTML code. You will need to have the coding on your end to enter into HTML Code: section. You can also toggle iframe on or off from here. 

 


Table Rates

Similar to our Systems worksheet, you are able to add dynamic rates based on certain parameters. You will need to use the excel template below and Import the file once completed. 

 


System Specific Rates

When this option is enabled, you can edit each system in your account to add the exact monthly price that you want to display instead of calculating the monthly price based on an interest rate and term.