How to Offer Finance for Drones

Why Offer Finance for Drones?

Drones represent a rapidly expanding market—appealing to hobbyists, professional photographers, and industry sectors like agriculture or construction. However, purchase costs are often significant, creating a barrier for many would-be buyers.

Offering finance can:

• Expand your customer base
• Boost sales of higher-value drones
• Encourage upselling of accessories or packages
• Differentiate your retail business from competitors

"Finance transforms a high upfront cost into a manageable monthly payment—making drones accessible to more customers."

Understanding Drone Finance: Key Concepts

Drone finance allows customers to split payments over time instead of paying the full price upfront. Common finance options include:

• Interest-Free Credit: No-interest instalments over a set period
• Hire Purchase (HP): Customer owns the drone after final payment
• Personal Loans: Third-party lender provides funds, customer repays lender

Table: Typical Finance Options

Important Regulatory Considerations

Offering finance in the UK usually requires regulatory compliance. As a retailer, you’ll typically work with a finance broker (like Kandoo) who manages these aspects.

Key requirements:

• Work with licensed partners
• Display finance information transparently
• Ensure fair treatment and affordability assessments

“Transparency is key: clearly present terms and ensure customers understand their commitments.”

The Benefits for Retailers

• Increase Conversion: Fewer abandoned baskets
• Higher Average Order Value: Customers spread costs, purchasing more or upgrading
• Competitive Advantage: Finance options can set your store apart
• Customer Loyalty: Flexible payment boosts satisfaction and repeat purchases

How to Add Drone Finance to Your Business

Follow these steps to introduce finance smoothly:

1. Partner with a Specialist Broker

• Choose a broker familiar with drone and tech retailing
• They’ll liaise with finance providers and the FCA

1. Integrate Finance on Your Website and In-Store

• Clearly display finance options on product pages and at checkout
• Train staff to explain the terms and process

1. Promote Finance Features

• Highlight finance in your marketing campaigns
• Use banners, email newsletters, and social media posts

Callout Box

Tip: Clearly communicate minimum spend, deposit requirements, approval processes, and repayment examples online and in store.

Addressing Customer Questions & Concerns

Customers will likely ask:

• How much will I pay each month?
• Is there a deposit or balloon payment?
• What happens if I want to pay off early?

Prepare clear FAQ materials and invite questions—transparency builds trust.

Common Pitfalls (And How to Avoid Them)

• Inadequate Staff Training: Ensure team can confidently discuss finance
• Unclear Terms: Always present APR, repayment schedules, and fees openly
• Regulatory Oversights: Work with compliant partners and check all advertising

Pull Quote

"Drone finance isn’t just for the big brands—retailers of every size can offer it with the right support."

Final Thoughts: Seize the Opportunity

Drone purchases are often high-consideration items. By introducing finance options, you can:

• Make drones more accessible
• Stand out in a competitive market
• Grow your average order value

Ready to add finance to your drone offering?

Reach out to a retail finance broker like Kandoo for tailored, compliant solutions and expert support.