Offering Customer Finance: Alloy Wheels & Tyres

Updated

Apr 20, 2025 8:26 PM

Written by Nathan Cafearo

Learn how to offer finance for alloy wheels and tyre packages—a guide on partnerships, compliance, customer benefits, and boosting sales by making premium wheels and tyres accessible with flexible payment options.

I am a business

Looking to offer finance options to my customers

Find out more

Apply for a loan

I'd like to apply for a personal loan

Apply now

Why Offer Finance for Alloy Wheels & Tyres?

Selling alloy wheels and tyres is often a significant investment for customers. Many car owners dream of premium wheels but hesitate at the upfront cost. Providing finance options bridges this gap:

Attract more customers: Flexible payments widen your audience
Boost average order value: Customers can afford top packages
Gain a competitive edge: Stand out from retailers who only accept upfront payment

"Offering finance can transform browsers into buyers and increase basket size."

The Basics: How Does Retail Finance Work?

Retail finance lets customers split purchases into manageable monthly payments through a lender. As the retailer, you still receive full payment (minus commission) upfront; the lender collects installments.

You partner with a finance broker/lender
Customers apply for finance at checkout (online or instore)
Decision is often instant
Customers sign a credit agreement
You fulfil the order as normal

Setting Up Finance for Your Alloy Wheels & Tyres Business

Choose Your Finance Provider

Specialist brokers like Kandoo connect you with FCA-approved lenders
Compare commission rates, application speed, and support

Become FCA Authorised (or an Appointed Representative)

Needed by law to offer regulated credit in the UK
Brokers can help with the process if you’re not already authorised

Integrate Finance Into Your Sales Journey

Add finance calculator widgets on product pages and checkout
Train your sales team to explain finance options

Promote Your Finance Offering

Use website banners and in-store displays
Highlight affordability in your marketing campaigns

Popular Finance Options for Wheel & Tyre Packages

Finance Type	How it Works	Typical Term	Example Use Case
0% Interest (Buy Now, Pay Later)	Customer pays no interest if paid within promo term	6-12 months	Attracts price-conscious buyers
Classic Interest-Bearing Credit	Fixed APR, longer terms	12-48 months	For premium packages over £1,000
Deferred Payment	No payments for a set period, then full amount or installments	3-6 months defer	Seasonal offers or launches

Highlight: Kandoo’s Fast Online Application

Kandoo’s platform allows quick customer applications via a link—no paperwork, often an instant credit decision, and a smooth checkout experience both online and instore.

Key Compliance and Responsibilities

Finance in the UK is regulated by the Financial Conduct Authority (FCA). Retailers must:

Be authorised or an appointed representative
Display clear finance information (no hidden charges)
Use FCA-compliant advertising

"Transparency is vital. Customers need all costs upfront, in plain English."

Customer Benefits to Emphasise

Drive away today, pay over time
Access to better, safer products (premium tyres and alloys)
Flexible terms to suit every budget
Instant decisions – no waiting!

Pull Quote

"Finance transforms aspirations into reality, letting customers buy quality wheels and tyres without delay."

FAQs About Offering Finance for Wheels & Tyres

Will I still get paid upfront?
Yes, less any agreed commission.
What if my customer is declined?
They can still pay by card or cash as usual.
Do I need special software?
Most brokers supply plug-and-play solutions or API integrations for websites.