Offering Finance for Premium Nursery Furniture Sets

Why Offer Finance for Premium Nursery Furniture Sets?

Premium nursery furniture sets represent a significant investment for new parents. Providing finance options not only increases affordability but can also drive sales, attract new customers, and differentiate your business in a competitive market.

Key Benefits to Your Business

• Boosts average order value
• Expands your potential customer base
• Encourages quicker purchasing decisions
• Enhances overall customer satisfaction

"Spreading the cost makes high-quality nursery furniture accessible to more families, ensuring babies and parents enjoy the best start."

Types of Finance Options You Can Offer

Retail finance brokers, like Kandoo, provide several solutions tailored to the furniture market:

1. Interest-Free Credit (0% APR): Popular funding option for customers wanting to avoid added costs.
2. Interest-Bearing Credit: Customers pay interest over an extended period, potentially reducing your costs as a retailer.
3. Buy Now, Pay Later: Enables shoppers to delay payments for several months.
4. Personal Loans: Larger purchases may be funded by partner lenders rather than directly through your store.

How to Set Up Customer Finance in Your Retail Store

1. Partner With a Reputable Broker:
   Seek a licensed broker such as Kandoo with experience supporting UK furniture retailers.
2. Choose the Right Finance Products:
   Decide which options fit your customers’ needs and your business model.
3. Integrate Finance Solutions:
   Use online or in-store platforms that integrate with your checkout process seamlessly.
4. Comply With FCA Regulations:
   Ensure all documentation, advertising, and processes meet UK Financial Conduct Authority standards.
5. Train Your Team:
   Prepare sales staff to explain finance clearly and handle customer queries confidently.

What Customers Need to Know

When presenting finance options, transparency is key. Clearly outline:

• Minimum spend thresholds
• Deposit requirements (if any)
• Repayment terms and interest rates
• Impact of missed payments
• Cooling-off period or cancellation rights

Best Practices for Promoting Finance

• Highlight finance options on product pages and in-store displays.
• Use clear, plain English when communicating terms.
• Create FAQs and supporting materials to address customer concerns.
• Offer finance at checkout (online and offline) to maximise uptake.

Callout: "Finance isn’t just for big businesses. Even boutique nursery retailers can unlock higher sales with flexible funding plans."

Common Customer Questions (And How to Answer)

• Is my credit checked? Yes, lenders will carry out a credit assessment as part of the application.
• Can I repay early? Most plans allow early repayment, sometimes without penalty—always check provider terms.
• What if I miss a payment? Make sure customers understand the implications: late fees, impact on their credit record, and possible repossession of goods.

How Finance Grows Your Nursery Furniture Business

"Retailers who offer finance for premium purchases routinely see higher conversion rates and larger basket sizes."

• Attracts higher-income and value-conscious shoppers
• Differentiates you from competitors
• Encourages family and friends’ referrals after a positive experience

Your Next Steps

• Contact a retail finance broker like Kandoo.
• Audit your current sales process for integration points.
• Train your sales and customer service team on finance products.
• Start marketing your finance options to new and existing customers.

Ready to take your nursery furniture sales to the next level? Reach out to a specialist retail finance broker and unlock your full sales potential!

Useful Links

• FCA Consumer Credit changes
• Kandoo Retail Finance