A new set of tires is often an unplanned expense that can take a major bite out of your monthly budget. The good news is that there are now options to spread out the cost of new tires. The two main options for financing your next tire purchase in the U.S. are PayPal Credit and Affirm. These staggered payment options are growing in popularity. Here is how they work.
PayPal Credit for Financing Your Next Tire Purchase
PayPal Credit is a line of credit that gives you the flexibility to pay for your purchase now, or pay over time. It’s easy to apply and easy to use. At check-out on most websites that offer PayPal, you will be able to choose to apply for PayPal Credit. You will be asked to provide your date of birth and your Social Security number, and then to agree to the terms and conditions. You’ll know within seconds if you are approved. Your PayPal Credit account will be linked to your PayPal account and you’ll see it as a payment option every time you check out using PayPal.
When you checkout with PayPal and pay with PayPal Credit you get more time to pay-off your purchase. You can pick the amount of time to pay-off your purchase, with a predetermined interest rate according to your credit-worthiness, the amount and payment schedule.
Affirm for Financing Your Next Tire Purchase
Another option for financing your next tire purchase is with Affirm. Like using PayPal Credit, the benefit is that the cost of the tires can be spread over a period of time*. These fixed monthly payments can be worked into your budget, so the cash outlay does not come as one big hit. If you don’t have an account with Affirm, you will be asked for some basic information for real-time approval via email or phone during checkout. If approved, you’ll pay your first instalment in thirty days and each subsequent payment every 30 days after that. You can choose from 3, 6 or 12 monthly payments*.
So, if money is tight this month, consider financing our next tire purchase options. In addition to all major credit cards and Apple Pay, Tires-easy.com offers both PayPal Credit and Affirm Financing to help you get the tires you need without blowing your budget.
* Rates from 10-30% APR