Nationwide Marketing Group, the largest buying and marketing organization for Independent Retailers in North America, has partnered with West Creek Financial to offer group Members another Lease-To-Own financing solution.
Nationwide’s best-in-class portfolio of Financial Services provides Member-Companies with a full array of financing solutions to meet the needs of virtually every consumer. In addition to primary financing programs, Lease-To-Own solutions have become increasingly important to Nationwide’s over 3,500 Member Companies.
Nationwide’s Chris Kirk, who helps lead the group’s Financial Services team, shared insight, saying, ““Nationwide understands our Members’ need an array of finance options. Data has shown that over 43% of of their customers who leave the store without making a purchase do so because of bad on or no credit. It’s critical that our Members have the tools and partners they need to help close those sales.”
West Creek Financial has an approval rate of around 80% of all applications, providing a simple path to purchase for credit challenged consumers. West Creek Financial also provides options for credit qualified consumers. Reflecting on this flexibility, Nationwide’s Jason Kirk said, “For customers who will qualify for traditional credit, West Creek offers a 90-day payment option. This helps those 47% of consumers who need some type of credit/financing for purchases over $400.”
West Creek Financial works seamlessly within Nationwide’s Credit Kiosk programs, and immediately becomes a waterfall option for participating Members. The Credit Kiosk program, which has seen solid traction since it was introduced earlier this year, makes the application process easy and efficient for consumers, and returns an approval, based on the applicant’s credit qualification, for almost every consumer.
The new partnership program is rewarding for Nationwide Members in more ways than just the large percentage of consumers who can qualify for credit once the program is implemented. Dealers who partner with West Creek Financial qualify for a group-negotiated 1% rebate program that is based on the amount of volume processed, creating an additional incentive to add West Creek Financial to the offering made by any Nationwide Member.
West Creek Financial will debut to Nationwide Members at the group’s upcoming PrimeTime, starting August 20th, in Las Vegas. More information about the show is available at www.nationwideprimetime.com.
The preceding press release was provided by a company unaffiliated with Dealerscope. The views expressed within do not necessarily reflect the thoughts or opinions of the staff of Dealerscope.