Offering Customer Finance for Electric Scooters

Why Finance for Electric Scooters Matters

Electric scooters are rapidly rising in popularity due to their eco-friendliness, cost-effectiveness, and convenience. However, their upfront cost can be a barrier for many customers. Finance solutions break down this barrier, making electric scooters accessible and affordable for more buyers.

"Finance transforms an impulse into a purchase – and a window-shopper into a customer."

The Benefits for Your Business

• Boost Sales: Expand your customer base and encourage more transactions.
• Increase Average Order Value: Customers may opt for pricier models or accessories when paying in installments.
• Enhance Loyalty: Flexible options create positive purchasing experiences, prompting repeat business.
• Stay Ahead: Compete effectively with larger chains and online retailers.

Popular Finance Options You Can Offer

1. Interest-Free Credit: Customers spread the cost over several months with no added interest.
2. Hire Purchase Agreements: Ownership of the scooter passes to the customer once all payments are made.
3. Personal Loans: Customers apply for credit to pay for the scooter outright, then repay the lender.
4. Buy Now Pay Later: Payment is deferred for a set period, then paid in installments.

*Subject to provider and promotional terms.

How to Get Started: Practical Steps

1. Partner With a Finance Broker

• Choose a reputable UK finance broker like Kandoo, familiar with retail and specifically micromobility products.

1. Assess Your Needs

• Consider your typical customer profile, average sale value, and geographic reach.

1. Integrate Finance Solutions

• Ensure your website and in-store processes integrate seamlessly with your finance offerings.

1. Train Your Staff

• Equip your sales staff with clear knowledge of finance options, terms, and benefits.

1. Promote Your Finance Options

• Highlight finance availability on your website, in-store displays, and marketing materials.

Callout: Compliance Counts!

British retail finance is regulated by the FCA (Financial Conduct Authority). Ensure all your finance offerings, advertisements, and processes are compliant. Partnering with an FCA-authorised broker massively reduces regulatory risk.

Customer Experience: What Buyers Want

• Transparency: Clearly state costs, payment schedules, and any fees upfront.
• Speed: Quick approval processes, often online, with instant decisions.
• Flexibility: Multiple plans to suit different budgets.

"A well-explained finance option can turn a browser into a buyer in seconds."

Choosing the Right Partner: What to Look For

When selecting a finance provider or broker:

• Product Range: Do they support electric scooters and related accessories?
• Reputation: FCA authorisation, positive reviews, established UK presence.
• Simplicity: Easy integration for your team and systems.
• Support: Ongoing training and customer service.

FAQs When Offering Electric Scooter Finance

Q: Do all customers qualify for finance?
A: Eligibility is based on credit checks and other criteria set by the finance provider.

Q: Who handles customer repayments?
A: The external finance provider manages repayments — you get paid upfront, minus their fee.

Q: Can customers settle finance early?
A: Often, yes. Terms vary by provider, so clarify early repayment fees if any.

Taking the Next Step

Partnering with a retail finance broker like Kandoo makes it simple for you to offer attractive, FCA-compliant finance options to every electric scooter customer. This not only increases sales but also widens accessibility for people seeking sustainable, modern transport.

Ready to supercharge your sales? Explore finance options with Kandoo and empower your customers to make greener, smarter choices.