I am looking for an above ground pool company in Delaware that offers in house financing. Any help???

Question

I want to purchase an above ground pool with deck features for the upcoming year. It would require installation. I am hoping to find a company based in Delaware that offers in house financing. Any help I can get would be appreciated. Thank you!!

Answer 1

Pool companies always seem to carry financing. They do this by establishing a relationship with a lending institution. The lending institution sets up the pool builder as a dealer thereby enabling the pool company to offer financing.

The pool company takes a credit application at the time of the sale and submits to to the lending institution which either approves or denies the loan. If approved, the pool company constructs the pool and the homeowner signs a "certificate of completion". The pool company takes the signed "certificate of completion" to the finance company and is issued a check for the agreed upon amount of the loan. The homeowner then begins to make monthly payments to the finance company for the pool.

As far as a pool company carrying their own credit accounts, it is almost never done. They work on a cash flow basis and their business is selling and building pools, not lending money (or it's equivalent).

Good luck with your pool project.