“Can I finance a new roof?”
Summary:
Jeremiah confirms homeowners can finance a new roof but urges them to look closely at how the financing is structured, specifically at dealer fees. He uses the example of zero down, zero interest, zero payments stretched over twelve to eighteen months, which sounds excellent but can significantly affect the overall project price. He explains that he works with Hearth Financing precisely because they charge no dealer fees on the financing he offers. His reasoning is that he would rather give someone a competitive, trustworthy, honest price than be able to advertise attractive financing while raising his pricing by ten to twelve percent to cover it. His advice is for homeowners to investigate financing more deeply before moving forward, confirm there are no large dealer fees built in, and make a smart financial decision rather than choosing based solely on a deferred payment offer that becomes a headache later.
Answer:
Yes, homeowners can finance a new roof. However, I would look into that financing a little bit more. So one of the key details when being able to offer flashy financing to anybody is how much of that is the cost of a dealer fee. For example, zero down, zero interest, zero payments. Sounds phenomenal, right? You can stretch that out sometimes twelve to eighteen months. But how much is that going to affect the overall price of the project itself? So what I choose to do is I work with Hearth Financing, because they do not charge any dealer fees for the financing that I offer. I'd rather give somebody a competitive, trustworthy, honest price versus being able to offer this amazing financing and I have to increase my pricing by sometimes ten to twelve percent. So I would look into the financing a little bit deeper before you just decide to go forward with it, and make sure that it is comprehensive, that there's not large dealer fees incorporated into it, and make a smart financial decision. Don't just do it because, hey, this financing says I don't have to pay anything for twelve months, because that can be a headache down the road that you're solving a problem with now.