OnCall Air allows you to upload the financing terms that you offer so they can easily be applied to any job. Whether you are integrated with Credit for Comfort which is auto-populated or choose from another financial Institution such as Synchrony, Wells Fargo, etc. you are able to upload them manually.
Below is a brief overview of the different types of financing in OnCall Air.
Types of Financing in OnCall Air
There are three types of Financing options: Standard, Text Only, and Credit For Comfort:
Standard: This is the most common of the financing plans. The system will calculate and display the monthly payments on the customers proposal. (Click Here to learn more)
Text Only: the system will only show the Text of the financing option in addition to the Net Investment. It will NOT show monthly payments. This plan can be used to show the customer that you have financing available. That is what we will cover in this tutorial.
For example, Text Only could be used for customers who offer Wisetack (Housecall Pro). Since Wisetack will approve a customer and then give that customer multiple offers. Here is an example for you as a contractor to enter in your Text Only Option:
Credit for Comfort: Credit for Comfort is a software platform that brings multiple financing partners under one application. Credit for Comfort is integrated with OnCall Air, which makes both offering and applying for financing a breeze! If you are already signed up for Credit for Comfort you can: Click Here to learn how to upload your Credit for Comfort Financing Options
**** As with all pricing related settings, please be sure you rely on the expertise of your financial team or advisor for the appropriate strategy. The examples here are just examples and are not intended as financial or legal advice. Finally, it's a great idea to test your settings and use the Inspector and TEST proposals to ensure you understand the impact to your pricing ****
How to Create a Text Only Financing Plan
Go to the Office
Settings --> Finance Options
Add Finance and choose Text Only
Label Name: This is an internal name you and the team can use for identification purposes. It will not show up on a the customers proposal. Since we typically see "Text Only" finance plans used to explain to the customer that we offer financing, I will call mine "We offer financing!"
Financing Markup: This section can be used to account for the dealer/merchant fee that you get charged for offering financing. There are a variety of ways to account for the financing fee you pay as a company (Click Here to view more). For this example, I will put my financing markup at 10%
Disclosure Text Value: This is the text value that will display to the customer instead of a monthly payment. In my example, I will put "Financing is available!". Here is what it looks like on a customers proposal:
Disclosure Text Short: This text is meant for the consumer and will display underneath the "Disclosure Text Value" mentioned above. This is where we can provide additional information about financing options we may have available. Here is what it looks like for the customer:
Disclosure Text Long: Any additional term information you need to explain to the customer. This can be any additional terms and conditions or disclosures. This is where you can also put a link to your financing portal to give your customers a way to apply directly to the plan. Here is what it looks like on a consumers proposal:
Customer View: Here is how this entire plan looks on a presented proposal. You will notice how we let the customer know we offer financing and in the disclosure text long we provide a link to view the plans available:
