Offer finance for riding gear (equestrian, motorcycle)

Why Offer Finance for Riding Gear?

When it comes to riding gear—whether for equestrian pursuits or motorcycling—quality equipment is not just a luxury; it’s a necessity. High-quality riding gear ensures safety, comfort, and performance, but it can often come with a hefty price tag. Offering finance options for riding gear is a fantastic way to make these essential items more accessible to a wider audience. By allowing customers to spread the cost of their purchases over time, you can provide a valuable service that benefits both you and your customers.

In this article, we will explore the benefits of offering finance for riding gear, the importance of high-quality equipment, and how retail finance brokers like Kandoo can help make it easy to set up financing options for your business.

The Importance of Quality Riding Gear

Equestrian Gear

Equestrian sports demand specialised equipment that ensures both rider and horse remain safe and comfortable. Whether it's a high-quality saddle, durable riding boots, or a well-fitted helmet, every piece of gear plays a crucial role in performance and safety. Riders need gear that is not only functional but also long-lasting, especially when they are competing or riding regularly. Cheap or poorly made equipment can lead to discomfort, accidents, or even injury.

Motorcycle Gear

Motorcycle riders face different challenges, but the need for high-quality gear is equally critical. Protective clothing, helmets, gloves, and boots are essential for rider safety on the road. Good-quality motorcycle gear is designed to protect the rider from the elements, improve visibility, and, most importantly, provide protection in case of an accident. Like equestrian gear, motorcycle gear can be a significant investment, especially when you consider the need for durable, weather-resistant materials and the latest safety technology.

In both equestrian and motorcycle environments, purchasing quality gear often involves a considerable financial commitment. Offering finance options allows customers to invest in the best possible gear without needing to pay the full cost upfront.

The Benefits of Offering Finance for Riding Gear

Increased Sales and Customer Satisfaction

One of the most obvious benefits of offering finance is that it makes expensive items more accessible. When customers are able to spread the cost of their purchase over several months, they are more likely to opt for high-end products, which they might otherwise avoid due to the initial cost. This can lead to an increase in overall sales, as well as higher-value transactions.

In addition, customers appreciate flexibility when it comes to payment options. By offering finance, you are demonstrating that you understand the financial pressures your customers may face and are willing to work with them to find a solution that fits their budget. This can lead to improved customer satisfaction and loyalty.

Making Safety More Accessible

For both equestrian and motorcycle riders, safety is paramount. By offering finance options, you are helping your customers make responsible decisions about their safety gear. Many riders might be tempted to compromise on safety in favour of more affordable options, but finance allows them to invest in the best possible equipment without breaking the bank.

Competitive Advantage

Not every retailer offers finance options, and by doing so, you can set yourself apart from competitors. In a crowded marketplace, offering finance can be the differentiator that encourages customers to choose your business over another. Moreover, as more consumers become accustomed to financing options for everything from electronics to cars, they are increasingly expecting this flexibility from other types of retailers, including those in the riding gear market.

Customer Loyalty and Repeat Business

By providing finance options, you build a level of trust and rapport with your customers. They will see your business as one that is willing to offer flexible solutions, which can encourage them to return for future purchases. A customer who feels supported financially is more likely to become a loyal, repeat customer.

How Kandoo Can Help You Offer Finance

Kandoo is a UK-based retail finance broker that specialises in helping businesses offer finance options to their customers. Working with a broker like Kandoo can make the process of setting up finance options for your business straightforward and hassle-free.

Why Work with a Retail Finance Broker?

Setting up finance options for your customers can be a complex process, involving legal and financial regulations that many business owners may not be familiar with. A retail finance broker acts as a middleman between your business and finance providers, ensuring that everything runs smoothly. They handle the heavy lifting when it comes to setting up agreements, managing payments, and ensuring compliance with relevant regulations.

By working with a broker like Kandoo, you can focus on running your business while offering your customers the flexibility they need.

Benefits of Working with Kandoo

Kandoo offers a range of benefits for businesses looking to provide finance options:

• Wide Range of Finance Providers: Kandoo works with a panel of trusted finance providers, which means they can offer your customers a variety of options to suit their individual needs and circumstances. This increases the likelihood of approval and gives your customers more control over their payment plans.

• Fast and Simple Set-Up: Kandoo makes it easy for businesses to get started with offering finance. The process is streamlined, so you won’t need to spend weeks or months setting up complex systems. Kandoo handles the administrative side, allowing you to start offering finance quickly and efficiently.

• Customised Solutions: Every business is different, and Kandoo understands that a one-size-fits-all approach doesn’t work. They offer customised finance solutions tailored to your specific business needs, ensuring that you can provide the best possible service to your customers.

• Compliance and Regulation: Finance is a heavily regulated industry, and it’s essential that your business complies with all relevant laws and guidelines. Kandoo ensures that all finance agreements are fully compliant with UK regulations, giving you peace of mind that everything is being handled correctly.

How Kandoo Works with Your Customers

Once you’ve partnered with Kandoo, offering finance to your customers is simple. Here’s how it works:

1. Application: When a customer is interested in financing their purchase, they fill out a quick and simple application form. This can often be done online, making the process convenient and hassle-free for your customers.

2. Approval: Kandoo works with a panel of lenders, and once the customer’s application is submitted, it is reviewed by these lenders. If approved, the customer can choose the finance option that best suits their needs.

3. Purchase: Once the finance agreement is in place, the customer can complete their purchase, spreading the cost over their chosen payment plan.

4. Repayments: The customer makes monthly payments directly to the finance provider, meaning your business doesn’t have to worry about managing the financial side of things. Kandoo handles the entire process, so you can focus on what you do best—providing high-quality riding gear to your customers.

The Future of Financing in the Riding Gear Industry

As the demand for flexible payment options continues to grow, offering finance is becoming increasingly important for businesses in the riding gear industry. More and more customers are looking for ways to spread the cost of large purchases, and businesses that don’t offer this option risk being left behind.

Whether you specialise in equestrian gear, motorcycle equipment, or both, offering finance can help you reach a broader audience, increase sales, and build customer loyalty. By partnering with a retail finance broker like Kandoo, you can provide a seamless, hassle-free finance experience for your customers, helping them to invest in the high-quality gear they need while managing their budgets effectively.

Conclusion

Offering finance for riding gear is a win-win for both businesses and customers. For businesses, it means increased sales, higher customer satisfaction, and a competitive edge. For customers, it provides an affordable way to invest in the best possible gear, ensuring their safety and comfort without the burden of paying upfront.

Partnering with a retail finance broker like Kandoo makes the process simple, allowing you to offer flexible, compliant finance options with minimal hassle. By embracing finance, you can help your customers get the gear they need while boosting your business’s growth and success.