Is 0% finance the new payment option in hair & beauty salons?

A recent article in the Creative Head magazine talks about 0% salon finance as a possible option for hair and beauty salons. Very similar to financing a car, you make your purchase, then set up a payment plan and arrange with the bank to repay the balance over a period of months. But could this work for hair & beauty salons? If you struggle to make payments with a car you are then at risk of the car being taken away from you, however unlike a hair service you can’t retrieve that back. So, how would it work? Do you know salons that are doing this already? Has it been a huge success of a massive headache? We would love to know your views and opinions on this, do you feel you could implement this and work it to suit your salon business?

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