How Lease-to-Own Financing Can Boost Your Bottom Line
It’s a common scenario for many tire dealers: a customer is shopping for a new set of tires but doesn’t have all the funds on hand to pay for the purchase upfront. You may try to resolve this by offering your own in-store credit option. But by going this route exclusively, you could miss out
Snap Finance Appoints New Members to Senior Leadership
Snap Finance says these new executive team members will bolster the company’s internal operating structure as it enters its next phase of growth.
Snap Finance Partners with Affirm
Retailers using Snap Finance can now seamlessly integrate Affirm’s additional financing options to offer alternative payment options.
What’s Treading, Ep. 12: Consumer Finance in the Coronavirus Age [Audio]
In the last four weeks, more than 17 million Americans have filed for unemployment, according to the New York Times, which means for tire dealers and retailers across the country, many people don’t have the money for unplanned expenses right now – and unfortunately, tires often are one of those things. Navigating this situation right
What’s Treading, Ep. 12: Consumer Finance in the Coronavirus Age
How can consumer finance play a role in your business during the coronavirus? We find out in this episode of What’s Treading with Tire Review.
Business Finance Guide for Tire Dealers: Investing in New Equipment
Explore the main questions you should consider when purchasing a new, major piece of equipment for your shop.
Business Finance Guide for Tire Dealers: 5 Ways to Lower Your Credit Card Processing Fees
Accepting credit cards is a priority for most tire dealers, but it doesn’t have to come at a price. Find out how you can get lower credit card processing fees, and in turn, save hundreds, if not thousands of dollars this coming year.
Business Finance Guide for Tire Dealers: Succession Planning
Selecting your business successor is a fundamental objective of planning an exit strategy, but it requires a careful assessment of what you want from the sale of your business and who can give it to you.
The Power of KPIs: Meaningful Ways to Measure Your Tire Shop’s Performance
Key performance indicators are critical numbers used in your automotive repair business and across our industry to tell the business owner about the health of their business. Learn how to calculate them for your business and how you can use the to help you better succeed in business.
Snap Finance Secures Revolving Credit Facility
Snap Finance has secured a significant bank revolving credit facility from BMO Harris Bank, the largest bank revolving credit facility ever for a private consumer lease-to-own company.
Snap Using AI to Increase Credit Approvals
The average FICO credit score in the United States is currently at an all-time high of 695, but 32% of Americans have a credit score lower than 601, placing them into the broad lump that the Consumer Financial Protection Bureau defines as “subprime credit”.
