Whether you are looking for a new set of wheels, or simply looking for a way to get the most out of your current tires, it pays to know how wheel and tire financing works. The following article will give you an overview of the different types of financing options available and the best ways to take advantage of them.
Pay-to-rent plans
Whether you’re in the market for a new set of tires, or just need to replace the old ones, rent-to-own wheel and tire financing plans can help. They offer three benefits: no credit check, low down payments, and flexible payment schedules.
For those who do not have credit, this may be the best option. Tires can be very expensive, and not everyone has the cash to pay the upfront price. With these plans, you can put new wheels on your vehicle right away. However, if you don’t pay in time, you may end up paying a lot more than you would have if you had bought the tires outright.
If you have poor credit, a pay-to-rent wheel and tire financing plan can also help you build your credit. These plans offer low down payments, a fixed term, and flexible payment schedules. You can pay off the tires in as little as 90 days.
Popular tire financing services allow you to spread the cost of the tire over a period of up to 18 months. They work with you to find the most affordable payment plan. They also let you spread the cost over the entire calendar year. You will know how much you will be paying, and they send email and SMS reminders. You can also set up an auto-pay option, so you can automatically make payments each month.
Getting the best deal on rim financing
Getting the best deal on wheel and tire financing isn’t a difficult task as long as you do a little research and use a few helpful tools. You’ll be able to find the best deals on tires and wheels in the blink of an eye. Buying a set of new wheels is a great way to improve your vehicle’s looks and performance.
A good first step is to make sure you have all the details in one place. You’ll want to make sure you know the APR, the late fees and the hidden fees. You should also find out if you qualify for the best rates and the most attractive payment options. The last thing you want is to pay more than you should for your new set of wheels.
Another great option is rim financing. These companies offer up to $3000 for a set of rims and tires. You don’t even have to put up a down payment. You can also make automatic payments out of your checking account.
Interest rate
Buying new tires and rims is a big expense, but with tire and rim financing you can spread the cost over a few months and keep the interest to a minimum. However, not all financing options are created equal, and you’ll need to do a bit of research to find the best deal.
For instance, a rims and tires financing scheme offers a variety of 0% interest offers and a few 0% interest free offers, but it can be hard to find the right 0% rate that suits your needs. Also, you’ll want to find out if you can take advantage of any early purchase or payment options.
Another good bet for those with bad credit is a tire lease. While these plans don’t require an initial payment, you will likely be required to make a few payments during the lease. This is a better deal for people with bad credit since they will not incur late fees or be in the dark on what their new wheels will cost.
Aside from a tire or rim lease, you might also be able to take advantage of promotional financing. This can definitely help you save a few bucks.
