When you visit a furniture store to window shop, you may be tempted to buy a few things even if you don’t really need them. If you’re not careful, this can lead to debt. One way to avoid this is by using financing on your purchases.
There are many different types of furniture financing. Some offer introductory periods with 0% interest. Others may require a certain credit score.
Almost all furniture stores will offer some type of financing option for their customers. This includes traditional personal loans and secured loans. However, these are usually a bit expensive. If you’re on a tight budget, you might consider paying cash.
If you’re unable to pay off the full amount within the promotional period, you will still have to pay interest on the balance. This can add up quickly, especially if you don’t have a lot of extra money saved up.
A “same as cash” deal sounds great if you’re in the market for an expensive piece of furniture. If you clear the entire balance in 90 days, the lender will not charge you any interest. This can save you a lot of money in the long run.
Some of these same as cash deals are available from online retailers, which can be a good way to find the best price. However, they can also be dangerous. This is because the retailer takes a large risk by deferring payment.
Another drawback of these same as cash offers is that they often charge high interest rates. This is because the retailer is taking a significant risk by not making payments to you until you have paid off the whole purchase.
If you’re unsure whether or not this type of furniture financing is right for you, talk to your local Royal Furniture about the options available. This will allow you to find a payment plan that works for you.
Ashley Furniture is a Wisconsin-based company that has been in business since 1945. This furniture store specializes in beds, kitchen furnishings, dining room furniture, and more. They also offer a variety of discounts and specials for new clients.
Aaron’s is a different kind of store that offers a lease-to-own option for furniture. This type of financing is usually 12 to 24 months.
This financing option is similar to Rent-A-Center’s furniture finance program, but it is a little more difficult to qualify for. You must have a clean credit history to be approved for this type of financing.
Alternatively, you can opt for a debt-free option like Uown Lease. This is a great choice if you’re trying to rebuild your credit score or need furniture to furnish your home.
In most cases, you will have to make monthly payments on the furniture until you can afford to pay off the entire purchase. This is usually an affordable way to get furniture for your home, so it’s worth the time to apply.
When you purchase furniture, you should always read the fine print. If you’re unsure whether or not a particular furniture finance option is right for you, contact your local Royal Furniture to speak with a sales representative. This will help you avoid costly mistakes and make the most of your money.