Top 5 Reasons to Consider Appliance Financing
You may be thinking about making a major appliance purchase but cringe when you see the pricing. Appliances are a big purchase, and you may not have the funds set aside. Many consumers finance appliances so they can pay them off over time rather than all at once. Read on to learn the most common reasons for financing appliances.
Immediate need to replace broken appliances
If an appliance breaks, you may find yourself in a jam to replace it. Odds are that you’ll need to replace a broken refrigerator as soon as possible, but you may not have the funds set aside for purchase of this size. A great option is to finance the refrigerator so that you can immediately replace your broken appliance without draining your bank account.
Moving into a new home without appliances
Many sellers leave appliances behind for the new owners, but that’s not always the case. If appliances are not written into your contract, you may find yourself in need of, well, all of them. If you have the funds set aside to buy a refrigerator, freezer, dishwasher, gas range, dishwasher, microwave, or the best washer dryer combo – great! But with down payments, relator fees and moving costs, you may not have the extra money to buy all of these at once. Appliance financing allows you purchase them all at once and make payments over time.
Upgrading to better, energy-efficient appliances
There are a lot of advantages to upgrading old appliances. Not only do these old appliances probably lack some of the standard features of today’s new appliances, they may also look outdated. Plus, an older appliance probably doesn’t run as efficiently as a newer model. You may find that you end up saving on energy costs by running the new appliances. And, since you can finance the updated appliances, you’ll pay off a little each month instead of in one lump sum.
Low interest financing
Your rates will depend on your current credit, but you’ll find that you may qualify for a low to no interest appliance credit card when financing your appliances. This gives you the opportunity to pay off your purchase over time without incurring a hefty interest payment. Many consumers who are thinking about making an appliance purchase may jump at an offer of low to no interest payments if it makes financial sense.
Taking advantage of a sale
Another reason consumers like to finance appliances is to take advantage of a sale. There may be a special holiday sale that offers a great deal that you don’t want to pass up, but you may not have the funds to cover the cost. Financing it will allow you to purchase the appliance at the discounted price, but pay it off over time.
Apply for financing with hhgregg
Apply for an hhgregg credit card and enjoy special financing opportunities. Subject to credit approval, offers may vary for select products and stores. As a credit card holder, you’ll enjoy low monthly payments and receive exclusive in-store and online deals. To get started, apply online or visit your local hhgregg store.