Are you a tire retailer looking to increase your transactions and enhance your overall customer satisfaction? In today's competitive wheel and tire market, offering a lease-to-own solution can make all the difference. Acima Leasing’s alternative to financing solution can transform the way you present your business’s brand to your customers. Let’s explore how working with Acima Leasing may help you transform your tire and wheel transactions. 

Addressing Customer Needs 

Shopping for tires is often a daunting experience for customers. By offering lease-to-own through Acima Leasing, you can alleviate their burdens and make shopping for tires more accessible. Nearly half of U.S. consumers are non-prime consumers (1). This means they are looking for shopping options that allow them to get what they need without using credit*. When these consumers are not able to use financing, they can consider lease-to-own as a potential option to still get those big-ticket purchases regardless of their life situations. 

Key Benefits: 

• Empower Shopping Decisions: Lease-to-own (LTO) is one of the most flexible and inclusive shopping options on the market. When it is offered during the shopping experience, customers feel empowered to make decisions not restricted by their less-than-perfect credit histories. 

• Offer Easy Lease Renewal Payment Options: During their LTO application, the customer is given a lease renewal payment option that aligns conveniently with their payday. This will provide an easy lease renewal payment schedule that will help the customer work toward ownership of their items.  

Expanding Your Customer Base 

Acima Leasing helps tire retailers attract new customers by helping them position themselves as inclusive of varying shopping preferences and needs. If a customer’s lease application is approved, they have the opportunity to be approved to lease eligible merchandise up to $5,000. This kind of shopping power can draw more customers to complete transactions with your business. 

Key Benefits: 

• Boost Your Visibility: Acima Leasing’s online store locator and marketplace connect lease-to-own consumers with your tire business, providing an additional channel to grow your customer base. 

• Build Your Retention and Customer Loyalty: By associating your business with flexibility, you are also creating an environment for customer retention and building customer loyalty. 

Seamless Integration with Your Business 

One of the significant advantages of working with Acima Leasing is the seamless integration into your existing business operations. Acima Leasing provides employee resources to guide your teams with how lease-to-own works and marketing resources to ensure an educated experience for your customers. These integration resources mean minimal disruption to your current processes and a quick setup, allowing you to start offering a lease-to-own solution in no time. 

Plus, for eCommerce businesses, Acima Leasing offers robust APIs and pre-built shopping cart plugins that can help create a frictionless experience for your customers online. This seamless integration can also help with eCommerce hurdles such as rising cart abandonment rates since it keeps your customer on your site while completing their transaction. 

Minimizing Retailer Risks 

Acima Leasing purchases the tires from you directly, and the customer makes payments to Acima Leasing. This arrangement reduces your financial risk, ensuring you receive payment promptly while Acima Leasing handles the lease renewal payment schedule with the customer. It's a win-win situation that secures your revenue while providing customers with the flexibility they need. 

Valuable Retailer Insights 

Gaining insight into customer behavior is pivotal for every retailer. Acima Leasing equips you with a merchant portal, allowing you to effortlessly monitor your lease-to-own transactions. Beyond that, Acima Leasing helps support your marketing efforts with point-of-purchase materials featuring QR codes to follow customer engagement progress. Leveraging this resource helps you view how your LTO transactions are performing so you can plan accordingly. 

Why Integrate Acima Leasing Into Your Tire Business? 

Ready to transform your tire retail business? Working with Acima Leasing is the key to offering shopping freedom that attracts more customers and improves revenue growth. With seamless integration, reduced financial risk for retailers, and enhanced customer experiences, Acima Leasing empowers you to take your business to the next level. Welcome the future of tire and wheel retail with Acima Leasing and unlock new opportunities for growth and success. 

Sources: 

1. “The Consumer Credit Card Market.” Consumer Financial Protection Bureau, September 2021, https://files.consumerfinance.gov/f/documents/cfpb_consumer-credit-card-market-report_2021.pdf 

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