How to Take the Worry
Out of Buying New Furniture
You’ve heard it on the news and seen it in TV advertisements: car dealers offering to make their customer’s car payments if they become unemployed.
Hyundai was the first car dealer in the US to offer a Buyer’s Protection Plan for relief to those car buyers who were laid off and still had car payments due. Hyundai attributed their Buyer Protection Plan for helping garner a 14.3% sales increase in a month compared with most other car manufacturer’s double digit sales decreases.
It has been so well received, that many other car manufacturers have rolled out their own Buyer Protection Plans.
We thought that was such a good idea that we went out and found a company that was offering this to car dealers, and asked them to tailor their product to the furniture industry. They agreed!!!
The Solution for Selling Big Ticket Items in a Tough Economy
Let’s face it, all Big Ticket Items from cars to furniture to appliances and electronics have all been impacted by challenging times in the economy. When a customer doesn’t have confidence in their job or their future, they are not as likely to have enough confidence to buy or finance a larger ticket item. However, if the compassionate retailer offers the buyer a way to ease the burden of monthly payments if that buyer were to become unemployed, then the uncertainty of their financial future is conquered.
This technique has proven successful in the car industry to and it will hold true in furniture, appliances and electronics’ as well.
Now any retailer can offer customers of home furnishings products the security of making a purchase without worrying whether or not they will be employed for the length of the furniture contract.
Furniture Industry Now Offers the Unemployed a Break with a FURNITURE BUYERS PROTECTION PLAN
Now through an exclusive arrangement with Buyer’s Protection Plus,
You are now able to offer up to
$1000 of Furniture Buyers Protection
in the event that your customer is laid off work and cannot afford to make their furniture payments.
By offering peace of mind, Hyundai has found a winning sales strategy and we know the same will hold true for the furniture industry.
The rules are simple: customers stricken by misfortune outside of their control, such as becoming disabled or getting laid off will get up to $1000 of their furniture payments made in a year
Eligible Purchases include:
- Home Furnishings for personal non-commercial use.
- Home Appliances such as; washers, dryers, ovens, refrigerators, microwaves, dish washers and vacuum cleaners.
- Consumer Electronics such as; home computers, televisions, DVD players, stereo systems, MP3 players, digital cameras and video recording equipment.
In order to qualify the customer must satisfy the following requirements:
- The Loan term cannot exceed 36 months and be a conventional, fixed rate term or revolving credit account.
- The customer makes all required regularly scheduled Loan payments for past 12 consecutive months in a timely manner.
- Customer must have maintained gainful employment at the same place of business for the past 12 consecutive months prior to filing for redemption.
- Customer must activate the Agreement within ten calendar days of the financing start date or merchandise delivery date.
- Only one claim can be made per calendar year.
The Agreement terminates if the Loan is closed, refinanced, or upon customer’s death.
What is Not Covered under This Agreement:
- An Eligible Purchase item is sold back, transferred through a Sale or Traded-In.
- The Eligible Purchase item is stolen and is not recovered.
- The Loan is part of a fleet or commercial sale.
- Your Loan is a lease or is balloon financed.
- Repossession of the Eligible Purchase item by the seller or the lender.
- The Eligible Purchase item is deemed a total loss by Your primary insurance provider.
- Refinancing or the closing of the original Loan.
- Alterations of any agreement in or associated with the first or initial sale of the Eligible Purchase item.
- Voluntary Unemployment.
- Pre-existing Medical Conditions
Information To File a Request for Redemption Are Listed On Each Certificate
Your Customers will receive
Up to $85 a month in payments
for those who are unable to work
Due to Involuntary Unemployment or Physical Disability
