How to Offer Finance for Premium Leather Jackets

The Value of Offering Finance for Premium Leather Jackets

Premium leather jackets are an aspirational purchase. Their quality, style, and longevity command higher price points — but not all customers are ready or able to pay upfront. By providing tailored finance options at checkout, retailers can make these jackets more accessible, boosting sales and customer satisfaction.

“Flexible finance options can turn consideration into conversion.”

Key Benefits for Retailers

• Wider customer base: Attract those who may otherwise leave empty-handed
• Higher average order value: Customers are likely to upgrade when payments are manageable
• Competitive advantage: Stand out among competitors not offering finance
• Improved loyalty: Flexible payment fosters long-term relationships

How Customer Finance Works

Finance lets customers pay in instalments. Retailers partner with a finance broker (like Kandoo) who arranges a lender, manages compliance, and simplifies the process.

Typical Finance Features

• Interest-free or low-interest plans
• Short-term (3–12 months) or longer-term (up to 36 months) durations
• Instant online application and approval
• No hidden fees disclosed upfront

Choosing the Right Finance Partner

Not all providers are equal. Evaluate:

Kandoo stands out for its tailored partnerships, FCA-regulated network, and smooth digital journey.

Practical Steps to Launch Finance

1. Register with a Broker: Choose an FCA-authorised broker and set up your merchant account.
2. Integrate the Solution: Use e-commerce plugins for Shopify, WooCommerce, or get a bespoke API.
3. Train Your Team: Ensure staff know how finance works and can explain benefits.
4. Promote Finance at Key Touchpoints: Highlight finance on product pages, at checkout, and in marketing campaigns.

"Don’t hide your finance options — promote them as a feature!"

What Your Customers Need to Know

• Minimum spend (often £250–£500)
• Eligibility checks (UK resident, 18+, credit history)
• Application process (quick form, soft credit check)
• Repayment schedule (clear, manageable payments)

Callout:
Be transparent about T&Cs, rates, and lender details for trust and compliance.

Maximise Sales with Smart Finance Marketing

• Use banners, badges, and popups: “Spread the cost over 12 months, interest free!”
• Email and social outreach announcing your new finance options
• Seasonal finance promotions (Christmas, winter collections)

Key Considerations & FAQs

• Do I need FCA approval? Not if you use a broker like Kandoo who introduces the finance – direct lending requires FCA authorisation.
• How do I get paid? You receive full payment upfront from the lender, less any agreed commission/fees.
• What if a customer misses a payment? The lender manages repayments and collections — your transaction is unaffected.
• Is finance available online and in-store? Yes, with most brokers supporting both sales channels.

Get Started Today

Offering finance for your premium leather jackets can transform your business. With Kandoo as your partner, you make style, quality, and luxury an affordable reality for more customers.

Request a demo or get in touch with Kandoo to see how seamlessly you can offer flexible finance today!