How to Offer Finance on Kids' Bedroom Sets

Understanding Finance for High-End Kids’ Bedroom Sets

The demand for luxury and bespoke children’s bedroom sets is on the rise, with parents seeking stylish, functional, and safe furniture for their children. However, the price of high-end kids’ bedroom collections can be a hurdle for many families. By offering finance options, retailers can open the door to a wider customer base, making these dream interiors attainable while boosting their own sales.

Why Offer Finance to Customers?

• Increase Average Order Value: Flexible payment plans reduce the pressure of a large single payment, encouraging customers to choose premium models or add-ons.
• Widen Your Market Reach: By breaking costs into manageable instalments, you attract buyers who may hesitate at higher upfront costs.
• Stay Competitive: With more retailers offering finance, it’s an essential tool to stay relevant in the children’s furniture sector.

What Finance Options Suit Kids’ Bedroom Sets?

1. Interest-Free Credit: Customers pay for their set over several months without added charges.
2. Buy Now, Pay Later: Allows families to delay payment, ideal for those awaiting funds or budgeting over time.
3. Low APR Finance: Spread payments with a modest interest rate for larger ticket items or extended terms.

"Flexible finance transforms big dreams into achievable plans for families." – Kandoo Expert

How to Set Up Finance for Your Store

Setting yourself up as a retailer offering finance doesn’t have to be daunting. Here’s what’s involved:

1. Partner with a Licensed Retail Finance Broker: Collaborate with a broker like Kandoo, who work with an array of UK lenders.
2. Understand Legal Regulations: Ensure all finance offerings comply with FCA guidelines and consumer protection laws.
3. Staff Training: Make sure your sales team is confident in explaining finance options’ benefits and requirements.
4. Promote Finance Clearly: Advertise your finance offerings cleanly both online and in-store.

What Your Customers Need to Know

Customers appreciate full transparency. Share clear information about:

• Minimum and maximum periods of repayment
• Total payable amounts (including interest, if any)
• Eligibility criteria and application process
• Any penalties for missed payments

Callout:

Always use FCA-authorised finance partners to ensure your customers’ rights are protected.

Example: A Typical Customer Journey

Tips to Maximise Your Finance Offering

• Highlight finance options early in the customer’s buying journey.
• Offer a range of repayment terms to suit different budgets.
• Ensure all advertising of finance is accurate and compliant with UK law.

Pull Quote:
"Offering finance on kids’ bedroom sets not only helps customers create magical spaces but helps your business stand out."

Next Steps for Retailers

Ready to empower your customers to buy their ideal kids’ bedroom set?

• Review your product pricing and decide which items will be available on finance
• Research brokers such as Kandoo for the best-fit finance solutions
• Prepare your website and staff to communicate the benefits clearly

Frequently Asked Questions

Q: Can I offer finance if I only sell online?
A: Absolutely; digital applications and e-signatures mean online-only retailers can offer the same seamless finance experience.

Q: How quickly can my customers be approved?
A: Many lenders provide instant or rapid decisions, so purchases aren’t delayed.

Final Thoughts

Offering finance on high-end kids’ bedroom sets can set your business apart and make a real difference to your customers’ experience. Team with a trusted finance broker, stay compliant, and make those dream bedrooms attainable for more families.

Want bespoke guidance?
Reach out to Kandoo’s team for tailored retail finance advice or to see a demo of our lending platform.