KEN KIRSCHENBAUM, ESQ
ALARM - SECURITY INDUSTRY LEGAL EMAIL NEWSLETTER / THE ALARM EXCHANGE
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residential consumer financing – the DealerAlly Program / sign up for next webinar
October 29, 2021
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Next Webinar: 
Title:  Borrowing and finance option:  DealerAlly Program
When: November 9, 2021  12 pm ET
Presented by:  Tim Meekin,   President of DealerAlly, LLC
Hosted by:  Ken Kirschenbaum,Esq
Who should attend:  alarm owners, CEOs, CFOs, Sales Managers
Register here: https://attendee.gotowebinar.com/register/8348669174055938571
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residential consumer financing – the DealerAlly Program
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Ken
            Thank you for scheduling DealerAlly for a Webinar on November 9, 2021. DealerAlly offers residential consumer financing as an alternative to either selling alarm accounts,  subsidizing profit from in house accounts to build RMR or only offering cash as a solution.  Our program offers the following features, which we will discuss at the Webinar and field questions as well.

·         Offer your customers a low affordable monthly payment with no money down and interest rates much lower than credit cards

·        Non Recourse financing = NO DEALER DEBT, holdbacks, chargebacks, replacements or guarantees 

·        Financing for residential homeowners and renters.  Commercial financing too

·        Finance security, home automation, standalone CCTV and/or AV products from $1,000 to $85,000  

·        Attract new customers, close more sales, upsell and boost profits  

·        Profit on every deal, build your brand, increase equity and own 100% of RMR and customer

·        Promo structure and pricing is the same for small, medium and large dealers  

 

·        Customers make one payment for service and one payment for product until paid off. 

·        Dealer manages service back office (Monitoring, Interactive service, and Billing) for all accounts - same as a cash deal today

·        Quick credit decisions while in the home, most programs are instant

·        Interest rates as low as 5.9% and payment factors as low as 1%

·        Interactive Split example - $49.99 Total = $29.99 for service(monitoring,interactive, billing) and $20.00 for product = $2,000 x 97% with ACH = $1,940.00 DLR NET 

·        Blended 94% NET from 600+ FICO
*        Streamlined API Integration for easy onboarding with FillQuick, SecurityTrax, WeSuite, Workhorse

Tim Meekin,   President
DealerAlly, LLC
St. Paul, MN
C - 651-925-7413
W - 888-326-0301
D - 651-400-7474
tmeekin@dealerallyprogram.com
www.dealerallyprogram.com
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Response
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          I've cautioned alarm dealers to be very careful borrowing money; it always has to be paid back.  There are ways to leverage your accounts to grow your business and finding the right fit for your company, if you go the finance way, is a better alternative than selling your accounts to another company; at least you should have something left at the end of your career other than a memory of how much you took in and spent over a lifetime of work.  As I see it the pot of gold in this industry is still selling the RMR contracted accounts.  There are plenty of ways to approach RMR growth - be smart about it because it just doesn't happen on its own.  You're in a great business at a great time; capitalize on the opportunities.

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To order up to date Standard Form Alarm /  Security / Fire and related Agreementsclick here:  www.alarmcontracts.com
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CONCIERGE LAWYER SERVICE PROGRAM FOR THE ALARM INDUSTRY - New benefit just added - worth $75 per month - legal form letter sent to delinquent account on Kirschenbaum letterhead
You can check out the program and sign up here: https://www.kirschenbaumesq.com/page/concierge or contact our Program Coordinator Stacy Spector, Esq at 516 747 6700 x 304.
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NOTICE:  You can always read our Articles on our website at ww.kirschenbaumesq.com/page/alarm-articles
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Ken Kirschenbaum,Esq
Kirschenbaum & Kirschenbaum PC
Attorneys at Law
200 Garden City Plaza
Garden City, NY 11530
516 747 6700 x 301
ken@kirschenbaumesq.com
www.KirschenbaumEsq.com