At a Glance:
Where Can You Finance Appliances?
The Advantages of Appliance Financing
Why Fred's for Appliance Financing?
Appliances We Finance at Fred's
You've found yourself in need of a new oven. Thinking of it, the dishwasher could do with replacing, too. Maybe even the washing machine. It’s hard to know when it will happen, but eventually, every appliance will need to be replaced, and too often, necessary investments like these creep up, leaving you scrambling to pay for them.
Fortunately, appliance financing is a handy way around this. With buy now pay later appliance options, you can buy the appliance you need and set up a personalized payment plan to pay it off over time versus upfront. To learn how to buy appliances through financing appliances and how Fred’s Appliance can help you with your purchase, give this quick guide a read.
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The good news is that many appliance retailers offer special appliance financing. However, not all financing plans are the same. That’s why it’s important to research all your options in order to get the lowest interest rate, the best payment plans, and the best financing perks such as a bigger credit line or the ability to use an open line at multiple locations.
Buyers might be tempted to choose appliance financing from major appliance vendors, but this might not be the best case. For one, local appliance retailers, such as Fred’s Appliance, often match the prices of competitors without the inconsistencies major retailers throw buyers through due to inventory and stock.
Additionally, big box appliance stores are notorious for high annual fees on credit lines, and what’s more, shoppers aren’t guaranteed experts are setting up payment plans, while at local shops like Fred’s Appliance, every purchase it done solely through an appliance specialist.
How to Finance Appliances
Did you know there are several ways to finance appliances? Depending on each buyer’s budget and needs, it’s important to know which plan suits best, so let’s break them down for you.
Personal Appliance Loan
Personal loans are one-off payments sent directly to you from your bank, credit union, or through an online lender. You pay the loan back in monthly installments over several years (depending on the amount borrowed), but if you choose this form of financing, be warned that you may have to pay interest.
While personal loans can be used to purchase many different items from weddings to toasters, your ability to secure this loan at a reasonable rate depends on a healthy credit score.
Appliance Credit Card
While personal loans offer lump payments, a credit card allows continuous borrowing. If you're interested in one, familiarize yourself with your credit card's APR (annual percentage rate). You'll be charged interest if you don't pay off your balance by the required date. When used wisely, credit cards can help save money, too. If you have a cash-back or travel credit card, purchasing appliances on credit can mean you get cash-back when you come to make your purchase.
In-Store Appliance Financing
Away from the bank, select appliance stores also finance the purchase of goods through in-house lines. This is sometimes done through a store credit card or rent-to-own programs, where the customer can gradually purchase an appliance through monthly payments. While this can be a good option for some, purchasing an appliance over a set monthly plan can sometimes cost much more than it would if bought outright.
Where Can You Finance Appliances?
First, know what you want to finance. A few stores specialize in specific appliances, but other, larger stores offering a range of goods are more likely to be appliance stores that finance.If you have decided to pursue a payment plan with a store, talk to a sales representative about how to buy the appliances you want - they will be able to advise you on how to finance your appliance.If you have decided to pursue a personal loan or are considering getting a credit card, consult your bank or lender to work out your next steps. You can work out a payment plan that works for you.
The Advantages of Appliance Financing
Even the strictest of budgeters know that unexpected purchases do happen occasionally, and sometimes these are on high-value, necessary items like ovens, washing machines, or refrigerators.
Financing for appliances can help homeowners get the equipment they need when needed. In fact, many buyers choose to finance their appliances even when they can afford to buy them outright. It can build up a credit score with regular payments while keeping your savings safely stowed away. The money saved from big purchases can be used in myriad ways.
Why Fred's for Appliance Financing?
At Fred's, we offer appliance financing across all our products with a wide range of products to choose from, be it basic appliances or high-end ones. You can purchase individual appliances and "packages" of multiple appliances to do up your kitchen in one go.
Fred's operates its appliance funding through an affiliation with AVB credit card. The exclusive line allows buyers to take appliances home for $0 until monthly payments begin. It offers credit to use in-store and gives customers exclusive offers and financing options. There is no annual fee, but admittance into the plan is dependent on your credit score. Additionally, Fred's also works with Koalafi, a platform offering financial plans to customers with lower credit scores. Koalafi can work with you to secure a payment plan regardless of your credit score.
Appliances We Finance at Fred's
We believe every home deserves the best, which is why we offer appliance financing on the most popular products and brands. Here’s what you can expect when you finance through Fred’s Appliance.
Refrigerator Financing
Under-the-counter refrigeratorsc, beer and wine cooling machines, tall fridges, and fridges that sit side-by-side—there is no end to the type of refrigerator you can get through finance with Fred's. Our in-house financing on fridges is a great way to curb the cost of purchasing a new refrigerator while receiving the excellent service and prices from Fred’s.
Dishwasher Financing
Applying for a dishwasher finance plan on finance is easy through Fred's, and with a wide selection available, we can help you find the model that meets your cleaning needs. From built-in dishwashers to portable dishwashing machines you can take on the move, we carry the latest and greatest in dish care that you can finance today.
Cooking Appliance Financing
Whether you’re looking for stove finance options or an oven on finance, the best way to buy cooking appliances is with at Fred's. Our selection is full of cutting-edge features, beautiful designs, and powerful performance—everything you’ve always dreamt of in a kitchen all conveniently planned out over affordable monthly payments. See where your culinary skills go with new cooking appliances financed through Fred’s today.
Laundry Appliance Financing
At Fred’s, we also offer finance washer dryer plans to keep your wardrobe looking its best. Our washer and dryer financing plans include top brand names from GE to Speed Queen, LG and more. Don’t let limited funds keep you from caring for your favorite garments—apply today!
Appliance Packages Financing
If you can't quite decide which appliance to buy, Fred's also offers combinations of appliances in packages to purchase. As with individual appliances, these can be bought on finance, whether a four-piece stainless steel kitchen set or a fingerprint-resistant fridge, oven, and dishwasher kitchen collection.
Appliance financing is a great way to get the necessary equipment while building your credit score. It can also provide ways to get essential machines without large upfront payments. There is no more comprehensive supplier than Fred's Appliances - you are guaranteed to not only find the appliance you need but be able to take it home that day on a payment plan that works for you. If you’re ready to put an end to your “appliance financing near me” search, head online for more information about financing through Fred's or visit us in store today!
Why Trust Fred’s Appliance?
Fred's Appliance is the go-to store for all your appliance needs in the inland Northwest area. Established in 1962, Fred's Appliance has been serving customers for over five decades and counting. With an experienced and knowledgeable staff, Fred's provides a welcoming atmosphere that helps customers find the best product to fit their needs, budget, and lifestyle.
When you shop with Fred's Appliance, you can be sure that you're getting the best brands at the best prices. In our store, you will find a variety of refrigerators, ranges, wall ovens, cooktops, target=”_blank”dishwashers, and more. We also carry washers and dryers in both front-load and top-load styles. Not only are we dedicated to providing an unbeatable selection of appliances, but we are equally committed to the local community. We proudly support many charitable organizations throughout Washington, Idaho, and Montana. When you shop at Fred's Appliance, you're not only getting a great product but helping out your neighbors too!
Explore Appliance Financing at Fred’s Appliance
If you're looking for a great appliance shopping experience, shop appliances online or visit one of our showrooms in Washington, Idaho, or Montana to see what a difference buying locally with an experienced retailer makes. Our appliance experts will be happy to help you with explore all our appliance finance options. Contact us today and discover the perfect appliance for your home.
Learn More: Shop Local for Appliances: What You Need to Know