How to Offer Finance for Advanced 3D Printers

Why Offer Finance for Advanced 3D Printers?

The adoption of advanced 3D printers in manufacturing, medical, education, and creative sectors is accelerating. With price tags ranging from a few thousand to tens of thousands of pounds, customers may hesitate at the upfront cost. Offering finance can be the game-changer:

• Opens your products to a broader customer base
• Increases sales velocity and average transaction value
• Gives your business a competitive edge
• Supports customer loyalty and repeat business

"Finance removes barriers to entry for many adopters of advanced technology like 3D printers."

Key Finance Options for Customers

There are several popular finance options you can provide:

1. Interest-Free Credit: Customers pay for the printer over several months with 0% interest
2. Interest-Bearing Loans: Longer terms with a set APR, more flexibility
3. Hire Purchase: Customer owns the printer at the end of payments
4. Leasing: Lower monthly payments; option to purchase at end

Steps to Start Offering Finance

1. Partner with an FCA-authorised Retail Finance Broker (like Kandoo):

• Ensures regulatory compliance
• Access to a panel of reputable lenders

1. Integrate Finance Options into Your Sales Process:

• Add finance calculators on your website
• Train sales teams to discuss finance transparently

1. Promote Finance Clearly:

• Mention finance options in-store and online
• Use signage, email marketing, and product pages

1. Streamline the Application Process:

• Offer digital applications with instant decisions
• Minimise paperwork for customers

1. Monitor and Optimise:

• Track which finance options convert best
• Gather customer feedback and adjust accordingly

Essential Legal and Compliance Considerations

• FCA Regulations: You must comply with UK Financial Conduct Authority regulations and treat customers fairly
• Clear Disclosure: Always show APR, terms, and total cost upfront
• Credit Checking: Be aware of eligibility checks and responsible lending protocols
• Data Security: Secure customer data, especially in online applications

Callout: "A reputable finance broker will guide you through compliance and help you avoid common pitfalls."

Benefits for Your Business and Your Customers

For Businesses

• Increased conversion rates and average order value
• Improved cash flow with upfront payments from finance providers
• Enhanced reputation as an innovative supplier

For Customers

• Reduced impact of large upfront costs
• Flexible ownership and upgrade paths
• Ability to access the latest 3D printing technology

Best Practices for Success

• Educate Your Staff: Knowledgeable staff make financing approachable
• Show Monthly Cost Examples: Help customers visualise affordability
• Track Outcomes: Use analytics to refine offers
• Highlight Success Stories: Share testimonials from customers who used finance

Pull Quote

"Finance offerings can transform how customers perceive big-ticket technology purchases, turning a leap into a manageable next step."

Take Action: Ready to Offer Finance?

Speak to an FCA-authorised finance broker like Kandoo to unlock flexible payment solutions for your customers. They’ll help you:

• Choose the right finance products
• Navigate compliance
• Access leading finance technology

Offering finance isn't just about closing the sale – it's about empowering your customers to innovate.