[Guide] How to Convert Your Financing Declines Into Loyal Customers

March 20, 2023

1 min read

Nearly half of American consumers aren't eligible for traditional point-of-sale financing solutions, like store credit cards and BNPL options. And customers who get declined for financing are 60% less likely to go on and make a purchase*.

Luckily, there are 2 alternative financing options available:

1) Second Look Loans
2) Leases

How to Convert Your Financing Declines into Loyal Customers digs into the alternative financing options available and provides the playbook to implement them in-store and online.

Categorized as...

Research & Insights

Sales & Marketing Tips

Other Articles

New report: What today’s economic environment means for lease-to-own shopper behavior

As economic headlines continue to shift, so do the priorities and behaviors of lease-to-own shoppers. Many merchants are asking the same questions: Are non-prime customers still spending? What’s changing in their decision-making? And how do pay-over-time options fit in? Volume II of Koalafi’s State of the Lease-to-Own Consumer Report answers those questions, focusing on how economic uncertainty is influencing shopper behavior—and what it means for merchants.

Sneak peek: Data and insights from our upcoming Volume II State of the Lease-to-own Consumer Report

Our next State of the Lease-to-own Consumer Report will explore topics and data related to the lease-to-own consumer’s state of mind, purchasing behavior, and more.

Research & Insights

Koalafi Expands Executive Team and Board to Accelerate Growth and Innovation in Non-Prime Consumer Finance

Koalafi announced a series of strategic leadership appointments that signal the company’s continued momentum and commitment to innovation and sustainable growth.

Koalafi News

The State of the Lease-to-own Consumer Report from Koalafi

Koalafi recently published its first quarterly consumer insights report, which details who the lease-to-own consumer is, what they’re after, and what your business can do to reach them and capitalize on their purchasing power in 2025 and beyond.

Research & Insights

Exceeding tire sales expectations with lease-to-own financing

When a tire merchant with 30 locations first partnered with Koalafi, they saw flexible financing as a way to enhance the customer experience—ensuring more shoppers could make necessary purchases instead of leaving empty-handed. What they didn’t anticipate was the strong demand for lease-to-own financing or the significant impact it would have on their overall sales growth.

Merchant Success Stories