You may have heard of rent-to-own as an option when buying a new set of tires. Instead of making a sizable upfront payment, you receive the product and make a predetermined monthly payment when you rent to own. At the end of the agreed-upon payment period, which can be weeks or months, you own the product you’ve been using.
Here are some of the reasons why choosing to finance wheels and tires is a good thing
How Are Tires Financed?
Financing through the tire vendor is typically the most popular option for buying tires. Tires-easy provides a selection of tire payment plans from different suppliers that stretch out your purchase over a certain time.
Make sure you comprehend all the terms before picking a tire financing plan. Learn the APR, hidden costs, whether you can pay off the loan early and save money, and whether late fines apply. Read the small print to prevent falling into a financial strategy that won’t help you in the long term. In this article, we’ll explain your financing choices for automobile tires so you can make the best decision possible.
- Enjoy today’s off-roading. Face it, you only have one life to live, and you never know when it will be over. This is not to imply that you shouldn’t plan for the future and retirement (the chances are that you’ll make it there); nonetheless, there may be some merit in living life to the fullest right now while you’re still healthy and mobile, rather than delaying enjoyment till later. Off-roading will create priceless memories with your family and children, providing chances for closeness, amusement, and enjoyment of life. For these reasons, you should finance your off-road wheels and tires.
- No credit check is necessary. With Off-Road Rim Financing, a credit check is not necessary. Your credit score may decrease if you have too many credit inquiries on your record since this suggests to potential lenders that you are on a spending binge. Additionally, if you are working on rebuilding your credit, this might aid you in obtaining financing from us. We will need to examine your credit to offer you the best interest rates, albeit this is optional.
- Instantaneous choices. When you apply for wheel finance with Off-Road Rim Financing, you’ll promptly receive a decision, and your product will be dispatched. Off-Road Rim Financing is aware of your possibilities and the ideas you intend to implement.
- Leeway in payments. Off-Road Rim Financing is aware that you have monthly payments due at specific periods. With our flexible lease-to-own payment schedule, you may pick the due date to suit your budget and the terms of payment, such as bi-weekly or monthly. Since off-roading is fun, we don’t want to overburden you with payments for your off-road wheels.
- Improves credit. Outstanding debt and timely payments are two factors that might significantly affect your credit score. A modest amount of outstanding debt you are paying off on schedule sends a message to the credit agencies that you are creditworthy if you are working to repair your credit. As your credit score rises, you’ll be able to make larger credit purchases in the future, including brand-new vehicles and homes.
- Enhances the cash flow. It’s ideal to have a positive cash flow, which results from earning more than you spend. This enables saving for major down payments, such as mortgages, retirement savings, keeping some cash on hand, and saving for emergencies. If your cash flow is negative, it indicates you used personal savings or other forms of finance to spend more than you brought in. Including a little monthly payout, like the one you may get from Off-Road Rim Financing for new wheels and rims, is frequently simpler to handle than paying for them all at once, using all your resources, or letting your savings dwindle.
One advantage of financing wheels and tires is that from the comfort of your sofa, you may safely purchase tires online using a computer or mobile device. While purchasing the tires, wheels, or accessories you require, respect stay-at-home, self-isolation, and social withdrawal habits. Moreover, you can better manage your finances during these trying times or at other times by paying the full amount due within 90 days with no additional costs over the cost of the product.