Financing Wheels and Rims: The Payment Plan You Need

June 9, 2022

Financing Wheels and Rims: The Payment Plan You Need

If you're in the market for a new set of wheels or rims, you know that they can be expensive. But what if you don't have the cash on hand to pay for them up front? Don't worry - there are tire financing options available that will help you get the wheels and rims you want without breaking the bank. In this blog post, we'll show you some of your financing options and help you find the payment plan that's right for you!

Tire Financing: Wheels With Affordable Payments

When it comes to owning a car, the expenses can get really out of hand. That's why wheel and tire financing is becoming more and more popular. Instead of paying the retailer's cash price, as most people with positive credit history do, you can pay low monthly payments. This type of financing is available from several different sources, including banks, credit unions, and specialty lenders but they require a credit check.

Don't wait before it's too late!

If you have bad credit and need new tires now, your credit score shouldn't keep you from driving a safe car. Wheels and tires that are purchased with rim financing offer same-day pick-up for pre-approved applicants. You can get new tires and rims the same day you're approved, and make low monthly payments.

No matter what your credit score is, you can get financing for wheels and rims with a payment plan that fits your budget. Apply now and see how much you qualify for. You could be driving around on new wheels and tires in no time!

With wheel and tire financing, you can get the wheels and tires you want without having to pay for them all at once. This can be a great option if you're on a tight budget or if you just want to spread out the cost of your purchase. There are a few things to keep in mind when you're looking into financing, though.

#1 - Make sure you understand the terms of your loan

What is the interest rate? How long will you have to pay back the loan? Is there applicable tax and will there be a down payment required? All of these questions are important to ask when you consider tire financing options. Some payment plans can be weekly and others are monthly payment options. Choose the payment method you can afford to pay the remaining lease payments.

#2 - Determine the value of the tires you're looking to finance

This can be tricky if you don't know a lot about cars. If you're not sure, ask a friend or family member who is knowledgeable about vehicles so you get the right tire and tire size. The last thing you want is to be upside down on your loan, which means you owe more than the tires are worth. For tires online, leasing costs anywhere from $20 to $200 a month. Consider the length of your loan terms and make sure the difference between your total loan doesn't exceed the value of your custom wheels.

#3 - Fill Out The Application

If you're looking for the best financing option for your needs, it's important to compare a few different offers before making a decision. There are a lot of variables that can impact the cost of financing or affect the actual cost of your lease agreement, so make sure you understand all the details before signing on the dotted line.

What Is A Lease-To-Own Program?

A convenient way for a financing alternative is a lease-to-own program. You can make smaller payments over time and eventually own the item outright. This option is great if you're developing credit and there's no credit check for completing the application process that only takes a few minutes.

To qualify for a lease-to-own program, you'll need to have a credit or debit card, a valid ID, and be 18 years or older. You'll receive an instant decision and the application process won't affect your credit score. A lease-to-own option will usually offer free shipping as well as early purchase options. Early purchase options cost the difference between payments made and remaining monthly payments.

After you have been pre-approved, you can browse different wheel and tire packages. Compare the different credit types offered by creditors such as Paypal Credit, Snap Finance, and Select Affirm. A small initial payment may be required when you finance rims, tires, wheels, and other accessories.

If you have poor credit, some lenders may require a down payment from an active checking account. The size of your down payment will depend on the creditor and the terms of your agreement. You can typically expect to make monthly payments on your financing plan. The length of your repayment term will also vary by lender but is usually between 12 and 36 months.

Benefits With No Hidden Fees

Wheel and tire packages on a payment plan can be a great alternative to a cash option and there's typically no credit needed for a tire lease. You can also avoid the hidden fees that come with some credit cards. When you finance your purchase, you'll know the exact terms of your agreement upfront.

Besides no hidden fees, monthly payment plans can help you stay on budget. You can make smaller payments over time instead of one large purchase. You also build good credit when you choose to buy wheels with tire financing. Your new wheels also come with a great service warranty.

Tire financing takes all the stress out of getting new wheels and tires. So what are you waiting for? Try this payment method today, it won't affect your credit score and your bank account will thank you later for choosing to make low monthly payments.

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