FREE TOOL · SERVICETITAN HACKS
The Financing
Leak Calculator
Every finance company quotes an approval rate in the eighties. Here is what that number hides. An $18,000 system approved at $9,000 counts as an approval on their report. So does an approval the customer walked away from. Neither one funded, and neither one paid you.
The share that actually funded has a name in the lending world. They call it your take rate, and almost nobody shows it to you. This calculator works it out from four numbers you already have, then turns the gap between the two into dollars.
- What Was Approved Against What Funded
- What A Cut-Down Approval Costs You
- Your Real Dealer Fee, Not The Rate Sheet
- The Sunk Cost Of A Deal That Died
- Three Lenders Side By Side
- What A Switch Is Worth Per Year
- Every Formula Shown, So You Can Check It
- The Data Request To Send Your Lender
Where should we send it?
You get all three lender columns, the annual dollar difference, and the data request sheet to send your current lender. No spam, and we do not sell your information to lenders.
PREVIEW · YOUR CURRENT LENDER
How many credit applications did your team submit last year?
Every app that went to your current lender, not just the good ones.
How many came back approved?
Count partial approvals, because that is how they count them.
How many actually funded?
Money hit your account. This is the only number that paid you.
What is your average quoted replacement?
Ticket on a full system, before anybody cuts it down.
THEIR APPROVAL RATE
62.1%
The number on the sales sheet
WHAT ACTUALLY FUNDED
47.9%
Your take rate, the number that paid you
APPROVALS THAT NEVER FUNDED
340
A yes that never turned into money
REVENUE BEHIND THAT GAP
$4,760,000
At your average quoted ticket
What share of approvals came back for less than you asked?
The partial approvals that still count as a yes on their report.
How much smaller was the approval, on average?
The gap between what you quoted and what they would fund.
What is your effective dealer fee?
What you actually pay after buydowns and promotions, not the rate sheet.
What does a lost sold job cost you?
Sales time, design time, and the truck roll you never got back.
Enter your email above to open the full calculator with three lenders side by side, the haircut math, the real dealer fee, and what a switch is worth per year.
ServiceTitan Hacks · This calculator is lender neutral. It has no lender pre-loaded and it does not name a winner before you enter your own numbers. Run it on the lender you already use first.