How to Offer Finance for High-End TVs

The Growing Demand for High-End TVs

High-end TVs—think OLEDs, QLEDs, and 8K behemoths—are increasingly popular in homes and commercial spaces. However, their high price tags can deter even the most enthusiastic shoppers. This is where offering finance can transform hesitant browsers into loyal buyers.

"Giving your customers the option to pay over time makes luxury entertainment accessible without compromising your bottom line."

Why Offer Finance for High-End TVs?

Key Benefits:

• Increase Sales: Finance options lower barriers to purchase, encouraging customers to choose more premium models.
• Boost Average Order Value: Customers are more likely to select an upgraded model if they can spread payments.
• Improve Cash Flow: You get paid up front by the lender, not the customer, maintaining healthy business finances.
• Stay Competitive: Most major retailers now offer finance—stay relevant!

Types of Customer Finance Options

Steps to Setting Up Customer Finance

1. Choose a Retail Finance Partner

• Look for FCA-regulated providers (like Kandoo)
• Compare costs, tech integration, and lender reputation

2. Integration and Staff Training

• Add a seamless online application process at checkout
• Train staff to explain finance options now confidently

3. Clear Communication

• Display finance choices online and in-store
• Provide transparent terms (APR, length, eligibility)

4. Promote Finance in Your Marketing

• Highlight financing in adverts and email campaigns
• Use phrases such as: "From only £XX per month"

:bulb: Tip: Make finance calculators available on your product pages to let customers see what their payments could be!

Legal and FCA Compliance Considerations

• Ensure your finance offers are FCA-compliant—check that all advertising is transparent and includes representative examples.
• Check customer eligibility (age, credit score, residency).
• Keep customer records secure and maintain clear audit trails.

"Your duty is not to oversell, but to empower. Always provide finance responsibly, with full disclosure of all terms and risks."

Best Practices for Success

• Make It Simple: Streamline applications and approvals.
• Be Transparent: No hidden fees or small print.
• Follow Up: Support customers post-sale to build long-term loyalty.
• Monitor Results: Track uptake rates, customer feedback, and default rates to refine your finance offering.

Common Questions Answered

1. How do I partner with a finance provider?
Research FCA-authorised brokers and apply through their onboarding process. Kandoo helps with integration, compliance, and customer support.

2. Who is responsible for collecting payments?
Your finance partner manages payment collections and credit checks.

3. Can I offer finance both in-store and online?
Yes, through integrated POS and ecommerce solutions.

Real-World Quote

"Our sales of flagship TVs grew 40% after introducing finance options from Kandoo—customers love spreading the cost." — Martin G, Electronics Retailer

The Bottom Line

Offering finance for high-end TVs can be a game-changer for your business. By working with the right broker, following best practices, and staying compliant, you’ll enable more customers to bring cinematic experiences home—on terms that work for everyone.

Ready to Elevate Your Business?

Contact Kandoo today for expert help in setting up retail finance options tailored to your store’s needs.