Last Updated on October 11, 2023
Wheel and Tire Financing: What Are Your Options?
Time and time again, we hear people claim they can’t purchase new tires for their vehicle because they’re too expensive – even when their current tires compromise their safety and performance.
Tires and wheels are a pretty hefty investment in your vehicle. Tire prices have increased in the past few years, and most people anticipate spending between $800 – $1000 to buy and install new ones.
Many consumers don’t realize you don’t need to pay the entire sum upfront. You can purchase quality, safe tires for your vehicle through various wheel and tire financing options. Even with poor credit, you can always afford new tires.
Just because tires have a high price tag doesn’t mean you should put off the purchase. If your tires are too worn, they can jeopardize your safety and that of your vehicle’s passengers and other drivers on the road, and we never want anyone driving on unsafe tires.
The good news is we have three different tire options for you to choose from, so you don’t have to skimp when it comes to your vehicle’s performance and safety.
How Can You Finance Tires?
The most common choice for tire financing is usually to finance through the tire seller. At Tires-easy, we offer several tire payment plans from several providers that spread your purchase over a set period.
When choosing a tire financing plan, be sure you understand all the details: the APR, hidden fees, if you can pay off early and save, or if there are late fees. Read the fine print to avoid stumbling into a finance plan that doesn’t benefit you in the long run. This post will help you understand your car tire financing options and guide you to the right choice.
Tire Financing with No Credit?
Many ask, “How can I finance my tires without credit?”
It doesn’t matter if you have no credit, good credit, or bad credit – there are options for every kind of buyer on the market.
The big difference is that if you have no credit, you will likely need to lease the tires rather than purchase them. You’ll still be able to put new tires on your vehicle immediately, but you will be in a “lease to own “your tires. You will make easy payments based on when you get paid, and there are no late fees. Depending on your pay schedule, payments may be made monthly or bi-monthly.
Affirm
Affirm is a simple credit transaction that allows you to buy the tires upfront but to distribute the actual purchase price over three months to a full year for purchases up to $999 and up to 18 months for purchases over $1000. You can apply to finance tires online to see if you are pre-qualified beforehand, or you can pick the Tires-easy product you want to buy and select “Affirm” at checkout. Checking your eligibility won’t affect your credit score.
Checking your eligibility or Affirm tire financing won’t affect your credit score. You’ll quickly find out if you’re qualified and learn what kind of APR the company can offer you (between 10% – 30%).
Affirm offers:
- Simple application process
- No hidden fees
- No late fees
- Flexible finance period – YOU choose!
- Simple interest, not compound interest like other credit cards
Katapult
Katapult offers a whole new way of making larger purchases and paying for them over time. Katapult is a lease-to-own option for consumers with no credit, poor credit, or even bad credit. This is an excellent option for buyers who might not qualify with Affirm. Katapult doesn’t require a credit check and allows you to lease your tires with a small down payment. They’ll coordinate your payments based on your paycheck schedule and make the process as simple as possible. You can even save if you pay off your lease in full early.
Katapult offers:
- 60-second application
- Immediate approvals
- Use in-store and online
- Check out with low initial payment
- Easy payment matching when you get paid
- Pay off anytime
- NO Late fees ever!
PayPal Credit
You may already have a PayPal Credit line or want to apply at checkout after choosing your tires. You can buy tires on credit with Tires-easy and PayPal. PayPal allows you to finance your purchase of at least $99 and then pay them off over time. You can even get six months of special financing.
To qualify for PayPal’s credit line, you can apply at checkout online.
PayPal Credit offers:
- Quick, easy application
- Reusable credit line
- No annual fee
- No interest if paid in full in 6 months ( minimum monthly payments required )
Conclusion
At Tires-easy, we’re not just here to sell you tires. We’re here to ensure that every driver on the road has access to tires that match their vehicle needs and keep everyone safe.
Don’t let your budget be the one thing that prevents you from equipping your vehicle with the tires it needs. We’re always happy to work with customers to find the new tire payment plan that best suits their budget, credit, and timeline.
If you have any questions about how to finance tires, call us at 1-855-978-6789. Our experts are happy to guide you toward the right solution for your situation and the best tires for your lifestyle, vehicle, and environment.
FAQs
What are the benefits of tire financing?
Tire financing offers several benefits, including spreading the cost of new tires over time making them more affordable. It also allows you to access higher-quality or premium tires that might be out of your immediate budget. Tire financing often comes with flexible payment options and competitive interest rates, making it a convenient choice for many drivers.
What does financing wheels mean?
Financing wheels refers to purchasing aftermarket wheels for your vehicle and paying for them through financing. It allows you to acquire custom or high-end wheels without paying the full amount upfront. Like tire financing, wheel financing offers flexible payment terms to fit your budget.
Can you finance a set of tires?
Yes, you can finance a set of tires. Many tire retailers and automotive shops offer tire financing options that allow you to make affordable monthly payments rather than paying the entire cost upfront. This makes it easier for you to get the tires you need without straining your budget.
What are the benefits of wheels and tires?
Upgrading both wheels and tires can offer several benefits. It can enhance the aesthetics of your vehicle, improve handling and performance, and even increase resale value. The right combination of wheels and tires can also provide better traction and grip, making your driving experience safer and more enjoyable. Overall, investing in quality wheels and tires can transform your vehicle’s look and performance.
