A new set of tires may cost one person $64 per tire and another $120 per tire. Fancy rims will easily have you spending over $1,000. Thankfully, you can finance your dream rims and tires.
At AudioCityUSA, we offer no-credit-needed wheel financing and a 90 days payment option. There are other kinds of payments plans and ways to finance your new wheels. Continue reading to learn more about these options.
Why Finance?
Unless you’re someone who can comfortably spend hundreds, you’re probably going to choose to finance. Financing prevents people from putting a large dent in their savings.
Rather than paying the bill outright, the amount is divided into manageable installments. Payments are often a specific price paid monthly.
Financing allows people to buy things they normally wouldn’t be able to buy. Of course, there are some downsides.
Interest is charged as a type of fee and there may be other fees. The longer it takes to pay off your bill, the more interest adds up. Interest can boost the price of your wheels up hundreds or even thousands of dollars.
Because AudioCityUSA offers financing without needing your credit score, you don’t have to worry about the loan not fully covering the cost of your wheels. However, not every lender is like this.
Some lenders give out loans based on the person’s credit score. If someone doesn’t have great credit, they won’t be able to get a big enough loan to pay for their wheels. They’ll have to pay the difference or they can’t buy new tires.
Wheel Financing Options
It’s important to look at every financing option to decide which one is right for you. Choosing the wrong plan could put you in a dangerous place financially.
Our 90-day payment plan is provided by Synchrony. Companies may also have a 120-day payment option. Some plans can go up to 24 months.
A 120-day payment plan will lower your monthly payments, which is good if you’re tight on cash. On the other hand, you’ll build up more interest because it’ll take longer to pay than the 90-day plan.
A 24-month repayment plan can have you paying over a thousand dollars more than the original price for your tires.
Consider the Synchrony Car Care credit card. Not only can you use it to purchase brand new tires and rims, but you can pay for other car-related expenses. This includes gas and repairs.
If you pay the principal cost before six months, then you don’t need to pay interest.
Wheel Leasing
Leasing your wheels is another option. You’ll still have monthly payments and they’ll end when the lease is up. When the lease period is over, you have to either buy the tires so you own them or choose another set of tires.
An advantage of leasing is that you’ll get new tires regularly. You won’t have to deal with poor handling of your vehicle or the dangers of worn tires.
However, monthly payments exist as long as you rent the wheels. You also technically don’t own the wheels.
AudioCityUSA offers leasing through Progressive.
Deciding How to Finance
Trendy rims and quality tires are expensive. If you don’t have a deep enough bank account, getting the wheels you want may seem like a dream. This doesn’t have to be the case.
Financing and leasing make it possible for almost anyone to purchase the new wheels and flashy rims. Carefully look at your financial situation and make sure you can afford the installments.
Remember – a longer wheel financing payment period will cost you more interest.
Feel free to message us with any questions or call 888.814.1158.
