Product Training Review
Power Pay Knowledge Quiz
Test your knowledge on Power Pay and financial options with our comprehensive quiz! This engaging quiz covers essential topics to help you understand the financial aspects of consumer purchasing behavior.
- Learn about APRs, savings statistics, and financing options.
- Challenge yourself with thought-provoking questions.
- Get instant feedback on your understanding of the material.
3. What percentage of consumers have over $5000 in savings?
31%
33%
42%
57%
2. What is the buy-down on the 12 mo., no payment deferred interest promotion from Mosaic?
5%
5.75%
6%
9.99%
4. On average, what percentage of the market do contractors miss out on for not offering a full spectrum of financing options?
10%-20%
20%-30%
30%-40%
40%-50%
5. Which lender type focuses on repayment factor to cover OPEX and losses?
Credit-Based
Lease-Purchase
Money Saver
None of the above.
6. What buyer type is motivated equally by monthly payment and low APR?
Convenience/Economic
Cash Flow
Credit Challenged
All of the above.
7. Credit-qualified buyers can expect what options?
Short Term / Low Payment
Long Term / Low Payment
Short Term / High Payment
Long Term / High Payment
What is the main advantage for a contractor using Spectrum AC?
It has multiple financing products.
It uses advanced technology.
It increases close rate for a contractor.
It is free to offer.
A contractor's revenue should increase by how much when using financing?
20%
30%
33%
37%
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